Brokerages predict that Actuant Co. (NYSE:ATU) will post earnings of $0.35 per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Actuant’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.37. Actuant posted earnings of $0.19 per share during the same quarter last year, which suggests a positive year over year growth rate of 84.2%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, September 26th.
According to Zacks, analysts expect that Actuant will report full-year earnings of $1.06 per share for the current financial year, with EPS estimates ranging from $1.04 to $1.08. For the next fiscal year, analysts anticipate that the business will report earnings of $1.29 per share, with EPS estimates ranging from $1.23 to $1.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Actuant.
Actuant (NYSE:ATU) last announced its earnings results on Wednesday, June 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $317.10 million during the quarter, compared to analysts’ expectations of $306.83 million. Actuant had a negative net margin of 7.15% and a positive return on equity of 9.86%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $0.32 EPS.
A number of equities research analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of Actuant from $26.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, March 22nd. Robert W. Baird reissued a “buy” rating and set a $25.00 price objective on shares of Actuant in a report on Thursday, March 22nd. KeyCorp increased their price objective on shares of Actuant from $27.00 to $32.50 and gave the stock an “overweight” rating in a report on Thursday, June 21st. BMO Capital Markets reissued a “hold” rating and set a $27.00 price objective (up previously from $24.00) on shares of Actuant in a report on Thursday, June 21st. Finally, ValuEngine raised shares of Actuant from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.69.
In other Actuant news, Director Alfredo Altavilla bought 2,000 shares of Actuant stock in a transaction dated Monday, May 14th. The shares were bought at an average price of $24.75 per share, with a total value of $49,500.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at $49,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB bought a new position in shares of Actuant in the 4th quarter valued at about $240,000. A.R.T. Advisors LLC bought a new position in shares of Actuant in the 1st quarter valued at about $247,000. MainStreet Investment Advisors LLC bought a new position in shares of Actuant in the 4th quarter valued at about $313,000. Millennium Management LLC bought a new position in shares of Actuant in the 4th quarter valued at about $334,000. Finally, Barclays PLC boosted its stake in shares of Actuant by 94.4% in the 1st quarter. Barclays PLC now owns 18,372 shares of the industrial products company’s stock valued at $428,000 after purchasing an additional 8,920 shares during the last quarter.
Shares of NYSE:ATU opened at $29.00 on Friday. Actuant has a 12 month low of $21.50 and a 12 month high of $30.05. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.53 and a current ratio of 2.08. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 32.22, a P/E/G ratio of 1.75 and a beta of 1.46.
Actuant Company Profile
Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates through three segments: Industrial, Energy, and Engineered Solutions. The 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 under the Enerpac, Larzep, Milwaukee Cylinder, Precision-Hayes, and Simplex brand names.
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