Actuant (ATU) Releases Q2 Earnings Guidance

Actuant (NYSE:ATU) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.10-0.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.21. The company issued revenue guidance of $265-275 million, compared to the consensus revenue estimate of $265.84 million.Actuant also updated its FY18 guidance to $1.05-1.15 EPS.

A number of research firms have recently weighed in on ATU. KeyCorp reissued a buy rating and set a $29.00 price target (up from $28.00) on shares of Actuant in a research report on Monday, September 18th. Robert W. Baird lifted their price target on shares of Actuant from $26.00 to $27.00 and gave the company an outperform rating in a research note on Thursday, September 28th. BMO Capital Markets reissued a market perform rating and issued a $25.00 price target (up previously from $23.00) on shares of Actuant in a research note on Saturday, September 30th. SunTrust Banks reissued a hold rating and set a $23.00 price target on shares of Actuant in a research report on Monday, October 2nd. Finally, Royal Bank of Canada restated a hold rating and issued a $24.00 price objective on shares of Actuant in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $25.11.

Actuant (NYSE:ATU) traded up $0.65 during mid-day trading on Thursday, hitting $25.60. 296,530 shares of the company were exchanged, compared to its average volume of 425,341. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.80 and a quick ratio of 1.35. The stock has a market capitalization of $1,490.00, a price-to-earnings ratio of -23.06, a price-to-earnings-growth ratio of 2.56 and a beta of 1.64. Actuant has a 12-month low of $21.60 and a 12-month high of $29.17.

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

In related news, VP Ted Wozniak sold 6,000 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $25.66, for a total transaction of $153,960.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

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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.

Earnings History and Estimates for Actuant (NYSE:ATU)

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