Actuant (ATU) Announces Quarterly Results
Actuant (NYSE:ATU) posted its quarterly earnings results on Wednesday. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.07, Analyst Ratings.Net reports. The company had revenue of $378.00 million for the quarter, compared to the consensus estimate of $376.43 million.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Actuant in a research note on Tuesday. They now have a $38.00 price target on the stock, down previously from $39.00. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Actuant in a research note on Thursday, April 3rd. They now have a $37.00 price target on the stock. Finally, analysts at SunTrust upgraded shares of Actuant from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 2nd. They now have a $40.00 price target on the stock, up previously from $38.00. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $40.33.
Shares of Actuant (NYSE:ATU) opened at 36.30 on Wednesday. Actuant has a 52 week low of $31.18 and a 52 week high of $39.84. The stock’s 50-day moving average is $34.97 and its 200-day moving average is $35.09. The company has a market cap of $2.578 billion and a P/E ratio of 63.27.
Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets.
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