$0.14 EPS Expected for Actuant Co. (ATU) This Quarter

Wall Street analysts expect Actuant Co. (NYSE:ATU) to announce earnings per share of $0.14 for the current fiscal quarter, Zacks 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 reported earnings per share of $0.11 in the same quarter last year, which would suggest a positive year over year growth rate of 27.3%. The company is expected to announce its next earnings results on Wednesday, March 28th.

According to Zacks, analysts expect that Actuant will report full-year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.13. For the next fiscal year, analysts forecast that the business will post earnings of $1.31 per share, with EPS estimates ranging from $1.25 to $1.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Actuant.

Actuant (NYSE:ATU) last announced 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. Actuant had a return on equity of 4.12% and a net margin of 1.81%. The company had revenue of $289.00 million for the quarter, compared to analyst estimates of $269.22 million. During the same quarter last year, the company earned $0.20 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year.

ATU has been the topic of a number of recent research reports. KeyCorp restated a “buy” rating and set a $29.00 price objective on shares of Actuant in a research note on Sunday, November 19th. Zacks Investment Research upgraded Actuant from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, December 20th. Royal Bank of Canada reiterated a “hold” rating and issued a $24.00 price target on shares of Actuant in a research note on Wednesday, October 25th. SunTrust Banks reiterated a “hold” rating and issued a $23.00 price target on shares of Actuant in a research note on Monday, October 2nd. Finally, BMO Capital Markets reiterated 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $25.11.

Actuant (NYSE ATU) traded down $0.45 during trading on Thursday, reaching $24.95. The company’s stock had a trading volume of 323,800 shares, compared to its average volume of 443,743. Actuant has a 12-month low of $21.60 and a 12-month 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 $1,490.00, a price-to-earnings ratio of -22.48, a PEG ratio of 2.56 and a beta of 1.64.

In other news, VP Ted Wozniak sold 6,000 shares of Actuant stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $25.66, for a total value of $153,960.00. The sale 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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CAPROCK Group Inc. acquired a new stake in shares of Actuant during the 3rd quarter valued at $326,000. Ironwood Investment Counsel LLC acquired a new position in Actuant during the 3rd quarter worth about $385,000. Parametric Portfolio Associates LLC acquired a new position in Actuant during the 2nd quarter worth about $4,799,000. Legal & General Group Plc lifted its holdings in Actuant by 9.0% during the 2nd quarter. Legal & General Group Plc now owns 116,488 shares of the industrial products company’s stock worth $2,864,000 after buying an additional 9,590 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in 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 worth $17,258,000 after buying an additional 14,152 shares during the period.

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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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Earnings History and Estimates for Actuant (NYSE:ATU)

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