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Actuant Co. (NYSE:ATU) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.48-0.53 for the period, compared to the Thomson Reuters consensus estimate of $0.61, Analyst Ratings Network reports. The company issued revenue guidance of $350-360 million, compared to the consensus revenue estimate of $373.39 million.

Actuant Co. (NYSE:ATU) opened at 36.30 on Wednesday. Actuant Co. has a one year low of $31.18 and a one year high of $39.84. The stock has a 50-day moving average of $34.97 and a 200-day moving average of $35.09. The company has a market cap of $2.578 billion and a P/E ratio of 63.80.

Actuant (NYSE:ATU) last issued its quarterly earnings data on Wednesday, June 18th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.07. The company had revenue of $378.00 million for the quarter, compared to the consensus estimate of $376.43 million. During the same quarter last year, the company posted $0.62 earnings per share. Actuant’s revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that Actuant Co. will post $1.99 earnings per share for the current fiscal year.

A number of research firms have recently commented on ATU. 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 a related note, 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $40.33.

Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets.

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