Analysts Expect Actuant Co. (ATU) Will Post Earnings of $0.14 Per Share

Equities research analysts expect Actuant Co. (NYSE:ATU) to announce earnings per share of $0.14 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Actuant’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.15. Actuant posted earnings of $0.11 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.3%. The business is scheduled to report its next quarterly earnings results on Wednesday, March 28th.

On average, analysts expect that Actuant will report full-year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $1.04 to $1.10. For the next year, analysts anticipate that the company will report earnings of $1.31 per share, with EPS estimates ranging from $1.25 to $1.40. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Actuant.

Actuant (NYSE:ATU) last posted its earnings results on Wednesday, December 20th. The industrial products company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Actuant had a negative net margin of 5.89% and a positive return on equity of 9.29%. The business had revenue of $289.00 million for the quarter, compared to the consensus estimate of $269.22 million. During the same period last year, the company earned $0.20 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year.

Several equities research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Actuant from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, September 28th. BMO Capital Markets reiterated a “market perform” rating and set a $25.00 target price (up from $23.00) on shares of Actuant in a research report on Saturday, September 30th. SunTrust Banks reiterated a “hold” rating and set a $23.00 target price on shares of Actuant in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Actuant from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, December 20th. Finally, KeyCorp reiterated a “buy” rating and set a $29.00 target price on shares of Actuant in a research report on Sunday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.11.

In other news, VP Ted Wozniak sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $25.66, for a total value of $153,960.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in ATU. Russell Investments Group Ltd. acquired a new position in shares of Actuant during the 2nd quarter valued at $821,000. Schwab Charles Investment Management Inc. lifted its position in shares of Actuant by 13.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 474,481 shares of the industrial products company’s stock valued at $11,673,000 after acquiring an additional 55,457 shares during the period. First Trust Advisors LP acquired a new position in shares of Actuant during the 2nd quarter valued at $289,000. Bank of New York Mellon Corp lifted its position in shares of Actuant by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 701,539 shares of the industrial products company’s stock valued at $17,258,000 after acquiring an additional 14,152 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Actuant by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 116,488 shares of the industrial products company’s stock valued at $2,864,000 after acquiring an additional 9,590 shares during the period.

Actuant (NYSE:ATU) traded down $0.15 during trading hours on Thursday, reaching $25.45. 450,291 shares of the company traded hands, compared to its average volume of 615,327. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 1.02. Actuant has a twelve month low of $21.60 and a twelve month high of $29.17. The firm has a market cap of $1,527.20, a P/E ratio of 31.42, a PEG ratio of 2.54 and a beta of 1.65.

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About Actuant

Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company’s Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets.

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