Actuant Co. (ATU) Scheduled to Post Earnings on Wednesday
Actuant Co. (NYSE:ATU) will be issuing its quarterly earnings data before the market opens on Wednesday, March 22nd. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Actuant has set its Q2 guidance at $0.08-0.13 EPS and its FY17 guidance at $1.10-1.30 EPS.
Actuant (NYSE:ATU) last released its earnings results on Wednesday, December 21st. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Actuant had a positive return on equity of 12.92% and a negative net margin of 10.42%. The business had revenue of $266 million for the quarter. During the same quarter in the previous year, the business earned $0.31 EPS. The business’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, analysts expect Actuant to post $-0.01 EPS for the current fiscal year and $0.02 EPS for the next fiscal year.
Shares of Actuant Co. (NYSE:ATU) opened at 28.90 on Tuesday. The stock’s market cap is $1.71 billion. The firm has a 50-day moving average price of $27.03 and a 200-day moving average price of $25.39. Actuant Co. has a 1-year low of $20.54 and a 1-year high of $29.80.
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Several brokerages recently commented on ATU. Aegis began coverage on Actuant in a research report on Friday, December 2nd. They set a “buy” rating and a $30.00 price target for the company. Zacks Investment Research upgraded Actuant from a “sell” rating to a “hold” rating and set a $31.00 price target for the company in a research report on Monday, December 19th. KeyCorp upgraded Actuant from a “sector weight” rating to an “overweight” rating and set a $32.00 price target for the company in a research report on Friday, March 10th. TheStreet upgraded Actuant from a “sell” rating to a “hold” rating in a research report on Friday, November 25th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $22.00 price target on shares of Actuant in a research report on Monday, November 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.33.
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In other news, Director Thomas J. Fischer sold 8,000 shares of the stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $26.92, for a total value of $215,360.00. Following the transaction, the director now owns 25,373 shares in the company, valued at approximately $683,041.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Eugene Edward Skogg sold 4,339 shares of the stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $26.60, for a total value of $115,417.40. Following the completion of the transaction, the executive vice president now owns 103,652 shares in the company, valued at approximately $2,757,143.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 228,104 shares of company stock worth $6,022,946. 4.00% of the stock is owned by company insiders.
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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