Actuant (ATU) Releases FY18 Earnings Guidance

Actuant (NYSE:ATU) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.05-1.15 for the period, compared to the Thomson Reuters consensus estimate of $1.09. The company issued revenue guidance of $1.10-1.13 billion, compared to the consensus revenue estimate of $1.12 billion.Actuant also updated its Q2 guidance to $0.10-0.15 EPS.

Shares of Actuant (ATU) traded up $0.65 during trading hours on Thursday, hitting $25.60. 296,530 shares of the stock traded hands, compared to its average volume of 425,341. The company has a market capitalization of $1,490.00, a P/E ratio of -23.06, a price-to-earnings-growth ratio of 2.56 and a beta of 1.64. 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 52-week low of $21.60 and a 52-week high of $29.17.

Actuant (NYSE:ATU) last issued its quarterly earnings data on Wednesday, December 20th. The industrial products company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $289.00 million during the quarter, compared to the consensus estimate of $269.22 million. Actuant had a net margin of 1.81% and a return on equity of 4.12%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 earnings per share. equities research analysts expect that Actuant will post 1.07 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the stock. KeyCorp reissued a buy rating and issued a $29.00 price target (up from $28.00) on shares of Actuant in a research note on Monday, September 18th. BMO Capital Markets restated a market perform rating and issued a $25.00 price objective (up previously from $23.00) on shares of Actuant in a report on Saturday, September 30th. Royal Bank of Canada reiterated a hold rating and set a $24.00 price target on shares of Actuant in a report on Wednesday, October 25th. SunTrust Banks reiterated a hold rating and set a $23.00 price target on shares of Actuant in a report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Actuant from a hold rating to a buy rating and set a $31.00 price target on the stock in a report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $25.11.

In other Actuant news, VP Ted Wozniak sold 6,000 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

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Actuant Company Profile

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.

Earnings History and Estimates for Actuant (NYSE:ATU)

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