Equities analysts expect Actuant Co. (NYSE:ATU) to post $268.54 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Actuant’s earnings, with the highest sales estimate coming in at $271.30 million and the lowest estimate coming in at $265.20 million. Actuant posted sales of $258.87 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The firm is scheduled to issue its next earnings report on Wednesday, March 28th.
On average, analysts expect that Actuant will report full year sales of $268.54 million for the current year, with estimates ranging from $1.13 billion to $1.15 billion. For the next financial year, analysts anticipate that the company will post sales of $1.19 billion per share, with estimates ranging from $1.17 billion to $1.21 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Actuant.
Actuant (NYSE:ATU) last released its earnings results on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $289.00 million during the quarter, compared to analyst estimates of $269.22 million. Actuant had a positive return on equity of 9.29% and a negative net margin of 5.89%. Actuant’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share.
Several research firms have recently issued reports on ATU. Zacks Investment Research lowered Actuant from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. KeyCorp reissued a “buy” rating and set a $29.00 price objective on shares of Actuant in a report on Sunday, November 19th. Royal Bank of Canada reissued a “hold” rating and set a $24.00 price objective on shares of Actuant in a report on Wednesday, October 25th. SunTrust Banks reissued a “hold” rating and set a $23.00 price objective on shares of Actuant in a report on Monday, October 2nd. Finally, BMO Capital Markets reissued a “market perform” rating and set a $25.00 price objective (up from $23.00) on shares of Actuant in a report on Saturday, September 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Actuant has an average rating of “Hold” and a consensus target price of $25.11.
In other Actuant news, VP Ted Wozniak sold 6,000 shares of the stock in a transaction on Friday, December 28th. The stock was sold at an average price of $25.66, for a total transaction of $153,960.00. Following the sale, the vice president now owns 70,705 shares in the company, valued at $1,814,290.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.
Several hedge funds have recently modified their holdings of ATU. Russell Investments Group Ltd. purchased a new stake in shares of Actuant in the second quarter worth $821,000. Schwab Charles Investment Management Inc. raised its position in shares of Actuant by 13.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 474,481 shares of the industrial products company’s stock worth $11,673,000 after buying an additional 55,457 shares in the last quarter. First Trust Advisors LP purchased a new stake in Actuant during the second quarter valued at about $289,000. Bank of New York Mellon Corp raised its position in Actuant by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 701,539 shares of the industrial products company’s stock valued at $17,258,000 after purchasing an additional 14,152 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Actuant by 9.0% during the second quarter. Legal & General Group Plc now owns 116,488 shares of the industrial products company’s stock valued at $2,864,000 after purchasing an additional 9,590 shares in the last quarter.
Actuant (NYSE:ATU) opened at $25.45 on Friday. The stock has a market capitalization of $1,536.19, a P/E ratio of 31.60, a PEG ratio of 2.56 and a beta of 1.65. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 1.02. Actuant has a twelve month low of $21.60 and a twelve month high of $29.17.
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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