Actuant (NYSE:ATU) released its earnings results on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02, Briefing.com reports. The firm had revenue of $289.00 million during the quarter, compared to analyst estimates of $269.22 million. Actuant had a negative net margin of 5.89% and a positive return on equity of 9.29%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. Actuant updated its Q2 guidance to $0.10-0.15 EPS and its FY18 guidance to $1.05-1.15 EPS.
Actuant (ATU) traded down $0.15 during trading hours on Friday, hitting $25.45. 450,291 shares of the stock traded hands, compared to its average volume of 559,262. Actuant has a one year low of $21.60 and a one year high of $29.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 1.80. The company has a market cap of $1,520.00, a P/E ratio of -22.93, a price-to-earnings-growth ratio of 2.56 and a beta of 1.64.
ATU has been the subject of a number of research analyst reports. KeyCorp reissued a “buy” rating and set a $29.00 target price (up previously from $28.00) on shares of Actuant in a research report on Monday, September 18th. Robert W. Baird boosted 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 reissued a “market perform” rating and set a $25.00 target price (up previously from $23.00) on shares of Actuant in a research report on Saturday, September 30th. SunTrust Banks restated a “hold” rating and set a $23.00 price objective on shares of Actuant in a report on Monday, October 2nd. Finally, Royal Bank of Canada restated a “hold” rating and set a $24.00 price objective on shares of Actuant in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Actuant currently has a consensus rating of “Hold” and an average target price of $25.11.
In other news, VP Ted Wozniak sold 6,000 shares of the business’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $25.66, for a total transaction of $153,960.00. Following the transaction, the vice president now owns 70,705 shares in the company, valued at approximately $1,814,290.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.
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