Actuant (NYSE:ATU) released its quarterly earnings data on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02, Briefing.com reports. Actuant had a return on equity of 4.12% and a net margin of 1.81%. The business had revenue of $289.00 million during the quarter, compared to analyst estimates of $269.22 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Actuant updated its Q2 guidance to $0.10-0.15 EPS and its FY18 guidance to $1.05-1.15 EPS.
Shares of Actuant (NYSE:ATU) traded down $0.15 during trading on Friday, reaching $25.45. The company’s stock had a trading volume of 450,291 shares, compared to its average volume of 428,100. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 1.02. The company has a market cap of $1,490.00, a P/E ratio of -22.93, a P/E/G ratio of 2.56 and a beta of 1.64. Actuant has a 52-week low of $21.60 and a 52-week high of $29.17.
A number of research analysts recently issued reports on ATU shares. KeyCorp restated a “buy” rating and set a $29.00 price objective (up previously from $28.00) on shares of Actuant in a research report on Monday, September 18th. Robert W. Baird boosted their price objective on Actuant from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, September 28th. BMO Capital Markets restated a “market perform” rating and set a $25.00 price objective (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 research report on Monday, October 2nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $24.00 target price on shares of Actuant in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $25.11.
In other Actuant 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 transaction of $153,960.00. The sale was disclosed in a filing with the SEC, which is available at 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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