Wall Street brokerages expect that Actuant Corporation (NYSE:ATU) will announce sales of $265.69 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Actuant Corporation’s earnings, with estimates ranging from $263.06 million to $268.90 million. Actuant Corporation reported sales of $275.77 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.7%. The business is expected to announce its next earnings results on Wednesday, September 27th.

On average, analysts expect that Actuant Corporation will report full-year sales of $265.69 million for the current financial year, with estimates ranging from $1.08 billion to $1.09 billion. For the next financial year, analysts forecast that the company will report sales of $1.11 billion per share, with estimates ranging from $1.09 billion to $1.14 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Actuant Corporation.

Actuant Corporation (NYSE:ATU) last posted its quarterly earnings data on Wednesday, June 21st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $295.40 million for the quarter, compared to analyst estimates of $294 million. Actuant Corporation had a net margin of 4.56% and a return on equity of 10.58%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share.

Several research firms recently weighed in on ATU. Gabelli upgraded Actuant Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Royal Bank Of Canada restated a “hold” rating and issued a $28.00 target price on shares of Actuant Corporation in a report on Thursday, March 23rd. Zacks Investment Research lowered Actuant Corporation from a “hold” rating to a “sell” rating in a report on Monday, June 12th. Barclays PLC upgraded Actuant Corporation from an “underweight” rating to an “equal weight” rating and set a $20.00 target price for the company in a report on Thursday, June 22nd. Finally, Tudor Pickering began coverage on Actuant Corporation in a report on Thursday, March 23rd. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.00.

Several hedge funds and other institutional investors have recently modified their holdings of ATU. Public Employees Retirement System of Ohio raised its position in shares of Actuant Corporation by 6.3% in the first quarter. Public Employees Retirement System of Ohio now owns 7,104 shares of the industrial products company’s stock worth $187,000 after buying an additional 420 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of Actuant Corporation by 126.9% in the first quarter. Point72 Asset Management L.P. now owns 94,600 shares of the industrial products company’s stock worth $2,493,000 after buying an additional 52,900 shares during the last quarter. State Street Corp raised its position in shares of Actuant Corporation by 8.2% in the first quarter. State Street Corp now owns 1,452,882 shares of the industrial products company’s stock worth $38,287,000 after buying an additional 110,332 shares during the last quarter. Bank of America Corp DE raised its position in shares of Actuant Corporation by 11.9% in the first quarter. Bank of America Corp DE now owns 441,598 shares of the industrial products company’s stock worth $11,636,000 after buying an additional 46,953 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Actuant Corporation by 0.8% in the first quarter. Oppenheimer & Co. Inc. now owns 53,688 shares of the industrial products company’s stock worth $1,415,000 after buying an additional 400 shares during the last quarter.

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Actuant Corporation (ATU) traded up 1.346% during mid-day trading on Friday, hitting $24.475. 80,198 shares of the stock were exchanged. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 29.137 and a beta of 1.61. The company has a 50 day moving average price of $25.22 and a 200 day moving average price of $26.40. Actuant Corporation has a 52 week low of $20.54 and a 52 week high of $29.80.

Actuant Corporation 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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Earnings History and Estimates for Actuant Corporation (NYSE:ATU)

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