Brokerages expect Actuant Co. (NYSE:ATU) to announce $0.35 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Actuant’s earnings, with estimates ranging from $0.33 to $0.37. Actuant posted earnings of $0.19 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 84.2%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, September 26th.
On average, analysts expect that Actuant will report full-year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.08. For the next year, analysts expect that the firm will post 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 a mean average based on a survey of sell-side research analysts that cover Actuant.
Actuant (NYSE:ATU) last issued its quarterly earnings data on Wednesday, June 20th. The industrial products company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Actuant had a negative net margin of 7.15% and a positive return on equity of 9.86%. The firm had revenue of $317.10 million for the quarter, compared to analyst estimates of $306.83 million. During the same quarter in the previous year, the business posted $0.32 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year.
A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lowered shares of Actuant from a “neutral” rating to an “underweight” rating in a report on Thursday, June 28th. Zacks Investment Research upgraded shares of Actuant from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Friday, June 22nd. TheStreet upgraded shares of Actuant from a “c-” rating to a “b-” rating in a report on Wednesday, June 20th. Royal Bank of Canada boosted their price objective on shares of Actuant to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, June 21st. Finally, SunTrust Banks boosted their price objective on shares of Actuant to $27.00 and gave the stock a “hold” rating in a report on Thursday, June 21st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $28.69.
In related news, Director Alfredo Altavilla bought 2,000 shares of the company’s stock in a transaction dated Monday, May 14th. The stock was bought at an average price of $24.75 per share, with a total value of $49,500.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $49,500. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB bought a new stake in shares of Actuant in the 4th quarter worth about $240,000. A.R.T. Advisors LLC bought a new stake in shares of Actuant in the 1st quarter worth about $247,000. Summit Trail Advisors LLC increased its position in shares of Actuant by 2,171.8% in the 1st quarter. Summit Trail Advisors LLC now owns 280,935 shares of the industrial products company’s stock worth $281,000 after purchasing an additional 268,569 shares during the last quarter. MainStreet Investment Advisors LLC bought a new stake in shares of Actuant in the 4th quarter worth about $313,000. Finally, Millennium Management LLC bought a new stake in shares of Actuant during the 4th quarter valued at about $334,000.
Actuant traded up $0.05, reaching $29.30, during trading on Friday, MarketBeat reports. The stock had a trading volume of 12,192 shares, compared to its average volume of 748,841. Actuant has a 1-year low of $21.50 and a 1-year high of $30.05. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.08 and a quick ratio of 1.53. The firm has a market capitalization of $1.74 billion, a P/E ratio of 35.24, 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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