ACCO Brands Sees FY24 Adj. EPS $1.04-$1.09 Vs $1.04 Est; Sees Free Cash Flow $130M
Portfolio Pulse from Benzinga Newsdesk
ACCO Brands has provided its financial outlook for fiscal year 2024, projecting adjusted EPS between $1.04 and $1.09, slightly above the current estimate of $1.04. The company also anticipates generating $130 million in free cash flow.
October 31, 2024 | 8:11 pm
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ACCO Brands has announced its financial projections for FY24, with adjusted EPS expected to be between $1.04 and $1.09, slightly above the current estimate of $1.04. The company also forecasts $130 million in free cash flow.
The announcement of a higher than expected EPS range suggests positive financial performance, which is likely to boost investor confidence and potentially lead to a short-term increase in stock price. The free cash flow projection further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100