Acme United (NYSE:ACU) Releases Earnings Results

Acme United (NYSE:ACU) posted its earnings results on Thursday. The company reported $0.41 earnings per share for the quarter, RTT News reports. Acme United had a net margin of 10.25% and a return on equity of 9.70%. During the same quarter last year, the firm posted $0.39 EPS.

Acme United Stock Up 3.2 %

Shares of NYSE:ACU opened at $41.38 on Friday. The firm has a fifty day moving average of $38.78 and a 200 day moving average of $39.56. Acme United has a 52-week low of $32.85 and a 52-week high of $50.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. The firm has a market capitalization of $155.34 million, a PE ratio of 8.46 and a beta of 0.63.

Acme United Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Wednesday, March 26th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, March 26th. Acme United’s dividend payout ratio (DPR) is currently 24.69%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Acme United from a “buy” rating to a “hold” rating in a research report on Friday.

About Acme United

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.