ACCO Brands (NYSE:ACCO) Stock

ACCO Brands

ACCO Brands Corp designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, janitorial supplies, and whiteboards; storage and organization products, sheet protectors, and indexes, and punching products; computer accessories and others used in schools, homes, and businesses. It offers its products under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Quartet, Leitz, NOBO and other brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, and variety chains; and warehouse clubs. It generates maximum profit from ACCO Brands North America segment.

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ACCO

Acco Brands (NYSE: ACCO) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.

Acco Brands Beats Q2 Earnings Estimates

Tech

NVDA

Rockwell Automation Inc. (NYSE: ROK) announced that it is expanding its collaborations with NVIDIA (NASDAQ: NVDA) to accelerate the development of safer and smarter industrial AI mobile robots in manufacturing.

Rockwell Automation to Expand Collaboration With NVIDIA

LECO

Lincoln Electric Holdings, Inc. (NASDAQ: LECO) shares have lost 20.9% in the past three months compared with the industry&#39;s 10% decline. This mainly reflects escalating freight and material costs. Low volumes in the Harris Products Group add to the woes.

Lincoln Electric Dips 21% in 3 Months: Will It Recover?

ACCO Brands Corp

Accolade Inc

Accor SA

ACCORD FINCL CORP by Accord Financial Corp.

Accord Financial Corp

WIIM

Acco Brands shares are trading lower after the company reported worse-than-expected Q4 financial results.

Acco Brands shares are trading lower following weak guidance.

Guidance

ACCO Sees Q1 Adj. EPS ($0.03)-($0.05) vs. $0.06 Est., Comparable Sales Down 5.0%-8.0%; ACCO Sees FY25 Adj. EPS $1.00-$1.05 vs. $1.13 Est., Comparable Sales Down 1.0%-5.0%

Earnings Misses

ACCO Brands Q4 2024 Adj. EPS $0.39 Misses $0.41 Estimate, Sales $448.100M Miss $455.067M Estimate

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Earnings Scheduled For February 20, 2025

<h3>Gainers</h3>
<ul>
<li>Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) shares increased by 22.5% to $6.26 during Tuesday's pre-market session. The market value of their outstanding shares is at $83.0 million. </li>
<li>Redwire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) stock moved upwards by 10.64% to $16.32. The market value of their outstanding shares is at $1.0 billion. </li>
<li>Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) shares moved upwards by 9.69% to $4.3. The company's market cap stands at $212.2 million. </li>
<li>ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) shares rose 9.42% to $5.69. The market value of their outstanding shares is at $544.1 million. </li>
<li>Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) shares increased by 7.44% to $3.61. The company's market cap stands at $399.1 million. </li>
<li>PS International Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIG#NASDAQ">PSIG</a>) shares increased by 6.97% to $0.44. The company's market cap stands at $10.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) stock decreased by 15.9% to $0.26 during Tuesday's pre-market session. The company's market cap stands at $15.2 million. </li>
<li>Nocera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCRA#NASDAQ">NCRA</a>) stock declined by 8.26% to $1.0. The market value of their outstanding shares is at $14.0 million. </li>
<li>SES AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) shares decreased by 6.46% to $0.87. The company's market cap stands at $311.1 million. </li>
<li>Staffing 360 Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) shares fell 5.94% to $3.17. The company's market cap stands at $4.8 million. </li>
<li>Bridger Aerospace Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) shares decreased by 5.71% to $2.81. The market value of their outstanding shares is at $152.2 million. </li>
<li>Multi Ways Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MWG#AMEX">MWG</a>) stock decreased by 5.58% to $0.27. The market value of their outstanding shares is at $8.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

AMPX

BAER

CRGO

GRFX

NCRA

PSIG

STAF

VATE

12 Industrials Stocks Moving In Tuesday's Pre-Market Session

Barrington Research analyst Kevin Steinke maintains ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) with a Outperform and raises the price target from $7 to $7.5.

Price Target

Barrington Research Maintains Outperform on ACCO Brands, Raises Price Target to $7.5

ACCO Brands Sees FY24 Adj. EPS $1.04-$1.09 Vs $1.04 Est; Sees Free Cash Flow $130M

ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) reported quarterly earnings of $0.09 per share which missed the analyst consensus estimate of $0.15 by 40 percent. The company reported quarterly sales of $420.900 million which beat the analyst consensus estimate of $418.200 million by 0.65 percent. This is a 6.05 percent decrease over sales of $448.000 million the same period last year.

ACCO Brands Q3 2024 GAAP EPS $0.09 Misses $0.15 Estimate, Sales $420.900M Beat $418.200M Estimate

ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect ACCO Brands to report an earnings per share (EPS) of $0.23.
Anticipation surrounds ACCO Brands's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Overview of Past Earnings</h3>
In the previous earnings release, the company beat EPS by $0.06, leading to a 6.63% drop in the share price the following trading session.
Here's a look at ACCO Brands's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.31</td>
<td>0.02</td>
<td>0.33</td>
<td>0.23</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.37</td>
<td>0.03</td>
<td>0.39</td>
<td>0.24</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-7.000000000000001%</td>
<td>-1.0%</td>
<td>-13.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730307730_0.png" alt="eps graph" />
<h3>Analyst Insights on ACCO Brands</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding ACCO Brands.
Analysts have given ACCO Brands a total of 1 ratings, with the consensus rating being Outperform. The average one-year price target is $7.0, indicating a potential 43.74% upside.
<h3>Comparing Ratings Among Industry Peers</h3>
The below comparison of the analyst ratings and average 1-year price targets of NL Industries, Interface and Steelcase, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>The consensus among analysts is an Underperform trajectory for NL Industries, with an average 1-year price target of $6.0, indicating a potential 23.2% upside.</li>
<li>The consensus among analysts is an Outperform trajectory for Interface, with an average 1-year price target of $22.0, indicating a potential 351.75% upside.</li>
<li>Steelcase is maintaining an Outperform status according to analysts, with an average 1-year price target of $16.0, indicating a potential 228.54% upside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
The peer analysis summary offers a detailed examination of key metrics for NL Industries, Interface and Steelcase, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>ACCO Brands</td>
<td>Outperform</td>
<td>-11.20%</td>
<td>$152.60M</td>
<td>-18.20%</td>
</tr>
<tr>
<td>NL Industries</td>
<td>Underperform</td>
<td>-1.99%</td>
<td>$11.16M</td>
<td>2.11%</td>
</tr>
<tr>
<td>Interface</td>
<td>Outperform</td>
<td>5.17%</td>
<td>$122.61M</td>
<td>5.10%</td>
</tr>
<tr>
<td>Steelcase</td>
<td>Outperform</td>
<td>0.14%</td>
<td>$295.40M</td>
<td>6.75%</td>
</tr>
</tbody>
</table>

Key Takeaway:
ACCO Brands ranks at the bottom for Revenue Growth among its peers. It also ranks at the bottom for Gross Profit. However, it ranks at the top for Return on Equity.
<h3>Unveiling the Story Behind ACCO Brands</h3>
ACCO Brands Corp designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, janitorial supplies, and whiteboards; storage and organization products, sheet protectors, and indexes, and punching products; computer accessories and others used in schools, homes, and businesses. It offers its products under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Quartet, Leitz, NOBO and other brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, and variety chains; and warehouse clubs. It generates maximum profit from ACCO Brands North America segment.
<h3>Unraveling the Financial Story of ACCO Brands</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: ACCO Brands's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -11.2%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: ACCO Brands's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -28.56%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): ACCO Brands's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -18.2%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): ACCO Brands's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -5.05%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: ACCO Brands's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.74, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<a href="https://www.benzinga.com/quote/ACCO/earnings">To track all earnings releases for ACCO Brands visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of ACCO Brands's Earnings

Barrington Research analyst Kevin Steinke maintains ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) with a Outperform and maintains $7 price target.

Barrington Research Maintains Outperform on ACCO Brands, Maintains $7 Price Target

Acco Brands (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 19.35%. A quarter ago, it was expected that this maker of office supplies would post earnings of $0.02 per share when it actually produced earnings of $0.03, delivering a surprise of 50%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Acco, which belongs to the Zacks Office Supplies industry, posted revenues of $438.3 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 3.19%. This compares to year-ago revenues of $493.6 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Acco shares have lost about 16% since the beginning of the year versus the S&amp;P 500&#39;s gain of 15.8%.
<h2>What&#39;s Next for Acco?</h2>
While Acco has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Acco: unfavorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.28 on $431.63 million in revenues for the coming quarter and $1.04 on $1.72 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Office Supplies is currently in the bottom 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Industrial Products sector, Hillenbrand (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hi#NYSE">HI</a>), is yet to report results for the quarter ended June 2024. The results are expected to be released on August 7.
This diversified industrial company specializing in business-to-business products is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of -13.7%. The consensus EPS estimate for the quarter has been revised 2.2% lower over the last 30 days to the current level.
Hillenbrand&#39;s revenues are expected to be $815.9 million, up 13.9% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2314777/acco-brands-acco-beats-q2-earnings-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2314777">To read this article on Zacks.com click here.</a>

ACCO Brands Sees Q3 FY24 Adj. EPS $0.21-$0.24 vs $0.28 Est., Sees FY24 Adj. EPS $1.04-$1.09 vs $1.04 Est.

ACCO Brands Q2 2024 Adj. EPS $0.37 Beats $0.31 Estimate, Sales $438M Miss $452.733M Estimate

Barrington Research analyst Kevin Steinke maintains ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) with a Outperform and lowers the price target from $7.5 to $7.

Barrington Research Maintains Outperform on ACCO Brands, Lowers Price Target to $7

Rockwell Automation Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rok#NYSE">ROK</a>) announced that it is expanding its collaborations with NVIDIA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) to accelerate the development of safer and smarter industrial AI mobile robots in manufacturing. This move will help customers improve performance and efficiency. 
Previously, in March 2024, the companies collaborated to accelerate a next-generation industrial architecture. ROK intends to transform the industry by designing the factory of the future, making it easier for automation customers to digitize industrial processes. 
ROK plans on integrating NVIDIA Omniverse Cloud APIs with its Emulate3D digital twin application. This will enable factory analysis, including operations and simulation, to be quicker and more predictive than ever. 
As part of this partnership, NVIDIA joined the Rockwell Automation PartnerNetwork, allowing customers to use their applications to improve resilience, agility and sustainability. The companies will benefit from Rockwell&#39;s industrial AI expertise and NVIDIA&#39;s AI and robotics capabilities, which will fuel an exciting new generation of autonomous mobile robots. 
Rockwell Automation is poised well to benefit from broadening its portfolio of hardware and software products, solutions, and services. It is also gaining traction from investments in the cloud. 
The company reported adjusted earnings per share of $2.50 in second-quarter fiscal 2024 (ended Mar 31, 2024), surpassing the Zacks Consensus Estimate of $2.15. The bottom line declined 17% year over year, primarily attributed to lower sales volume and operating margins in the Intelligent Devices and Software &amp; Control segments. The improved performance of the Lifecycle Services segment somewhat offset this. 
Total revenues were $2.13 billion, down 6.6% from the prior-year quarter&#39;s levels. The top line beat the Zacks Consensus Estimate of $2.04 billion.
<h3>Price Performance</h3>
In the past year, Rockwell Automation&#39;s shares have dropped 11.7% compared with the industry&#39;s 13.2% decline.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2d/68311.jpg?v=1102861200" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Rockwell Automation currently carries a Zacks Rank #5 (Strong Sell). 
Some better-ranked stocks from the Industrial Products sector are Intellicheck, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idn#NASDAQ">IDN</a>) and ACCO Brands Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>). IDN currently sports a Zacks Rank #1 (Strong Buy) and ACCO carries a Zacks Rank #2 (Buy). 
The Zacks Consensus Estimate for Intellicheck&#39;s 2024 earnings is pegged at 2 cents. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 28.9%. IDN&#39;s shares have gained 15.2% in the past year. 
The Zacks Consensus Estimate for ACCO Brands&#39; 2024 earnings is pegged at $1.07 per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 25.9%. The stock has gained 6.6% in the past year.
<a href="https://www.zacks.com/stock/news/2284743/rockwell-automation-rok-to-expand-collaboration-with-nvidia?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2284743">To read this article on Zacks.com click here.</a>

<h3>Gainers</h3>
<ul>
<li>Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) shares increased by 3.8% to $3.58 during Wednesday's after-market session. The company's market cap stands at $1.1 billion. </li>
<li>Velo3D (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLD#NYSE">VLD</a>) stock rose 1.47% to $0.14. The company's market cap stands at $42.7 million. </li>
<li>Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) shares moved upwards by 0.93% to $142.36. The company's market cap stands at $8.6 billion. </li>
<li>Stanley Black &amp; Decker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) shares increased by 0.74% to $85.05. The market value of their outstanding shares is at $13.0 billion. </li>
<li>Toro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTC#NYSE">TTC</a>) shares rose 0.59% to $80.11. The market value of their outstanding shares is at $8.3 billion. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock increased by 0.55% to $0.18. The company's market cap stands at $10.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Multi Ways Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MWG#AMEX">MWG</a>) shares fell 11.7% to $0.52 during Wednesday's after-market session. The market value of their outstanding shares is at $16.0 million. </li>
<li>Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) shares declined by 6.38% to $0.66. The market value of their outstanding shares is at $55.8 million. </li>
<li>Getaround (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETR#NYSE">GETR</a>) shares decreased by 6.2% to $0.17. The company's market cap stands at $15.3 million. </li>
<li>ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) shares declined by 5.0% to $4.95. The market value of their outstanding shares is at $473.4 million. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) stock declined by 2.94% to $0.17. The market value of their outstanding shares is at $6.6 million. </li>
<li>Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) shares decreased by 2.85% to $0.32. The company's market cap stands at $26.3 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ACHR

BURU

GETR

GNRC

OPTT

SRFM

12 Industrials Stocks Moving In Wednesday's After-Market Session

Lincoln Electric Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/leco#NASDAQ">LECO</a>) shares have lost 20.9% in the past three months compared with the industry&#39;s 10% decline. This mainly reflects escalating freight and material costs. Low volumes in the Harris Products Group add to the woes.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/3d/67575.jpg?v=50542931" /> 
Image Source - Zacks Investment Research
<h3>High Costs, Weakness in Harris Products Group Ail</h3>
Lincoln Electric is witnessing inflationary headwinds from escalating labor and raw material costs that impacted its margins. In addition, continued risks of possible supply-chain disruptions are expected to result in lower operating activity and higher inefficiencies in the business. 
The Harris Products Group&#39;s revenues have been bearing the brunt of lower volumes for the past four quarters, reflecting weak demand. Lower volumes primarily reflect soft residential-oriented applications (HVAC, plumbing). This will continue to weigh on the segment&#39;s results. 
The company has a market capitalization of around $3 billion. It currently carries a Zacks Rank #3 (Hold). Let us discuss the factors that indicate that the stock might stage a comeback. 
Strong Backlogs &amp; Demand in Most Markets: Lincoln Electric has witnessed improving order rates across all end-market sectors, regions and products. The company is seeing strong quoting activity and high backlogs for equipment systems and automation solutions. The company&#39;s equipment sales are being driven by solid demand across direct and distribution channels. Robust backlog and acquisitions are expected to benefit the company&#39;s performance through this year. 
Focus on Pricing: LECO has also been effectively managing to counter raw material inflation through pricing actions and improved productivity. Backed by these tailwinds, the company has delivered improvement in revenues in the past 12 quarters. This momentum is expected to continue in the next few quarters as well. 
On Track to Achieve Targets: The company has a target of sales CAGR growth of high-single-digit to low-double-digit percentage for 2020-2025, per its Higher Standard 2025 Strategy. The company has delivered a sales CAGR of 12% over the 2020-2023 period, which indicates that it is on track to achieve its goals. 
Also, the adjusted EPS CAGR is envisioned at high-teens to low 20% for 2020-2025. The company has witnessed a CAGR of 31% in 2020-2023. For 2024, it expects low- to mid-single-digit organic sales growth and incremental operating income margin in the low-to-mid 20%. 
Solid Balance Sheet: Lincoln Electric had cash and cash equivalents of around $375 million at the end of the first quarter of 2024. 
The company generated $133 million in cash flow from operations in the first quarter of 2024, up from $124 million in the first quarter of 2023. LECO returned $152 million to shareholders via dividends and share repurchases through the quarter.
Its total debt-to-total capital ratio was 0.46 as of Mar 31, 2024, lower than 0.51 as of Mar 31, 2023. The times interest earned ratio was 18.3 as of Mar 31, 2024. Lincoln Electric has a balanced capital allocation strategy, prioritizing growth investment while returning cash to shareholders. 
The company will continue to evaluate M&amp;A options focused primarily on tuck-in assets, supporting its Higher Standard 2025 strategy. 
Focus on Growth: Lincoln Electric is focused on product development and using digital platforms to engage customers. Its product launches in the automation solutions market are likely to aid growth. The company is focused on its new additive services business, which will position Lincoln Electric as a manufacturer of large-scale 3D-printed metal spell parts, prototypes and tooling for industrial customers. 
This is likely to be a growth opportunity for Lincoln Electric. The company continues to expand the brand&#39;s geographic and channel reach into attractive areas such as automation in sync with its strategy initiatives.
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Lincoln Electric currently has a Zacks Rank #3 (Hold). 
Some better-ranked stocks from the Industrial Products sector are Intellicheck, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idn#NASDAQ">IDN</a>), Applied Industrial Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ait#NYSE">AIT</a>) and ACCO Brands Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>). IDN currently sports a Zacks Rank #1 (Strong Buy), and AIT and ACCO carry a Zacks Rank #2 (Buy). 
The Zacks Consensus Estimate for Intellicheck&#39;s 2024 earnings is pegged at 2 cents per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 28.9%. IDN shares have gained 77.9% in the past three months. 
Applied Industrial has an average trailing four-quarter earnings surprise of 8.2%. The Zacks Consensus Estimate for AIT&#39;s 2024 earnings is pinned at $9.62 per share, which indicates year-over-year growth of 9.9%. Estimates have moved north by 2% in the past 60 days. The company&#39;s shares have gained 2.7% in the past three months. 
The Zacks Consensus Estimate for ACCO Brands&#39; 2024 earnings is pegged at $1.07 per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 25.9%. ACCO shares have gained 1.5% in the past three months.
<a href="https://www.zacks.com/stock/news/2280214/lincoln-electric-leco-dips-21-in-3-months-will-it-recover?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2280214">To read this article on Zacks.com click here.</a>

Apogee Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apog#NASDAQ">APOG</a>) shares have shot up 77.4% in the past year against the industry&#39;s decline of 34.6%. Moreover, the S&amp;P 500 has risen 8.2% over the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/06/67576.jpg?v=883956240" /> 
Image Source -&nbsp;Zacks Investment Research
Let us take a look into the factors that are driving this Zacks Rank #3 (Hold) stock.
<h3>What&#39;s Going in Apogee&#39;s Favor?</h3>
Solid Segment Performances: APOG&#39;s Architectural Glass segment witnessed solid year-over-year growth and margin expansion in the fourth quarter of fiscal 2024 despite significant supply-chain and inflation headwinds. 
The segment is gaining on improved pricing and product mix, reflecting the company&#39;s strategic shift toward more premium products. The segment is also benefiting from an improved sales mix and productivity gains from its Lean program and higher pricing that helped offset inflation. 
The company&#39;s Architectural Services segment is also gaining from a favorable mix of projects. 
The Architectural Services segment&#39;s backlog was $808 million at the end of the fiscal fourth quarter compared with $777 million in the prior quarter&#39;s end. The backlog in the Architectural Framing segment amounted to $201 million, up from $184 million at the end of third-quarter fiscal 2024. This bodes well for the company. 
Impressive Strategic Actions: Following a detailed strategic review of its business, the company has embarked on a plan to deliver profitable growth and improved returns. The strategy is centered on three pillars, including becoming the economic leader in its target markets, actively managing the portfolio to drive higher margins and Return on Invested Capital, and strengthening its core capabilities to enable profitable growth. 
In 2022, it announced three-year financial goals, which include ROIC greater than 12%, an operating margin greater than 10% and revenue growth greater than 1.2 times growth of the non-residential construction market. 
Backed by these initiatives, in fiscal 2024, ROIC hit 16.5%, surpassing the company&#39;s goal. The operating margin rose to 10.3%, which also exceeded the target of more than 10%. 
Strong Balance Sheet: The company&#39;s solid liquidity position, coupled with a strong free cash flow, places it well to drive growth. It returned $33 million of cash to shareholders through share repurchases and dividend payments in fiscal 2024. 
Apogee had cash and cash equivalents of $37.2 million at the end of fiscal 2024 compared with $19.9 million at the end of fiscal 2023. Cash generated from operating activities was $204 million in fiscal 2024 compared with the prior year&#39;s $103 million. The long-term debt was $62 million at the end of fiscal 2024 compared with $170 million at the end of fiscal 2023.
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the Industrial Products sector are Intellicheck, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idn#NASDAQ">IDN</a>), Applied Industrial Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ait#NYSE">AIT</a>) and ACCO Brands Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>). IDN currently sports a Zacks Rank #1 (Strong Buy), and AIT and ACCO carry a Zacks Rank #2 (Buy). 
The Zacks Consensus Estimate for Intellicheck&#39;s 2024 earnings is pegged at 2 cents per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 28.9%. IDN shares have gained 13.7% in the past year. 
Applied Industrial has an average trailing four-quarter earnings surprise of 8.2%. The Zacks Consensus Estimate for AIT&#39;s 2024 earnings is pinned at $9.62 per share, which indicates year-over-year growth of 9.9%. Estimates have moved north by 2% in the past 60 days. The company&#39;s shares have gained 60.1% in the past year. 
The Zacks Consensus Estimate for ACCO Brands&#39; 2024 earnings is pegged at $1.07 per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 25.9%. ACCO shares have gained 1.5% in the past year.
<a href="https://www.zacks.com/stock/news/2280218/shares-of-apogee-apog-rally-77-in-a-year-here-s-why?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2280218">To read this article on Zacks.com click here.</a>

APOG

Shares of Apogee Rally 77% in a Year: Here's Why

ACCO Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACCO#NYSE">ACCO</a>) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $0.02 by 50 percent. The company reported quarterly sales of $359.00 million which missed the analyst consensus estimate of $371.80 million by 3.44 percent. This is a 10.83 percent decrease over sales of $402.60 million the same period last year.

ACCO Brands Q1 2024 Adj EPS $0.03 Beats $0.02 Estimate, Sales $359.00M Miss $371.80M Estimate

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