News stories about Actuant (NYSE:ATU) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Actuant earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 48.2700649601506 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
Shares of Actuant (NYSE ATU) traded down $0.15 on Friday, reaching $25.45. 450,291 shares of the company were exchanged, compared to its average volume of 559,262. Actuant has a 52-week low of $21.60 and a 52-week high of $29.17. The stock has a market capitalization of $1,520.00, a PE ratio of -22.93, a PEG 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 (NYSE:ATU) last announced its quarterly earnings results on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $289.00 million during the quarter, compared to analysts’ expectations of $269.22 million. During the same period in the previous year, the company earned $0.20 earnings per share. Actuant’s quarterly revenue was up 8.7% compared to the same quarter last year. analysts anticipate that Actuant will post 1.07 earnings per share for the current fiscal year.
Several research firms have recently issued reports on ATU. Zacks Investment Research cut shares of Actuant from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. KeyCorp reaffirmed a “buy” rating and set a $29.00 price objective on shares of Actuant in a research report on Sunday, November 19th. Royal Bank of Canada reaffirmed a “hold” rating and set a $24.00 price objective on shares of Actuant in a research report on Wednesday, October 25th. SunTrust Banks reaffirmed a “hold” rating and set a $23.00 price objective on shares of Actuant in a research report on Monday, October 2nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $25.00 price objective (up from $23.00) on shares of Actuant in a research report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.11.
In related news, VP Ted Wozniak sold 6,000 shares of the business’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $25.66, for a total value of $153,960.00. Following the completion of the sale, the vice president now directly owns 70,705 shares of the company’s stock, valued at $1,814,290.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by insiders.
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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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