News articles about Actuant (NYSE:ATU) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of 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 0.18 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 45.8608215124992 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
NYSE:ATU traded down $0.85 during mid-day trading on Friday, reaching $22.75. The company’s stock had a trading volume of 317,284 shares, compared to its average volume of 610,582. The company has a current ratio of 2.15, a quick ratio of 1.55 and a debt-to-equity ratio of 0.88. Actuant has a twelve month low of $21.50 and a twelve month high of $27.95. The firm has a market cap of $1,416.18, a price-to-earnings ratio of 27.41, a PEG ratio of 2.45 and a beta of 1.52.
Actuant (NYSE:ATU) last issued its quarterly earnings results on Wednesday, March 21st. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The business had revenue of $275.20 million during the quarter, compared to analyst estimates of $267.57 million. Actuant had a positive return on equity of 9.21% and a negative net margin of 7.86%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. research analysts forecast that Actuant will post 1.03 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on the company. Stifel Nicolaus dropped their price target on Actuant from $26.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, March 22nd. Robert W. Baird reaffirmed a “buy” rating and set a $25.00 price objective on shares of Actuant in a research note on Thursday, March 22nd. BMO Capital Markets decreased their price objective on Actuant from $25.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, March 22nd. KeyCorp decreased their price objective on Actuant from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, March 22nd. Finally, Zacks Investment Research raised Actuant from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $24.44.
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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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