Actuant (ATU) Scheduled to Post Earnings on Wednesday
Actuant (NYSE:ATU) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, December 20th. Analysts expect Actuant to post earnings of $0.17 per share for the quarter. Actuant has set its Q1 guidance at $0.14-0.19 EPS and its FY18 guidance at $1.05-1.15 EPS.
Actuant (NYSE:ATU) last posted its quarterly earnings results on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $275.70 million during the quarter, compared to analyst estimates of $265.33 million. Actuant had a positive return on equity of 9.43% and a negative net margin of 6.04%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. On average, analysts expect Actuant to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Actuant (NYSE ATU) opened at $26.00 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.71 and a debt-to-equity ratio of 1.06. The stock has a market cap of $1,576.82, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 2.60 and a beta of 1.65. Actuant has a 12-month low of $21.60 and a 12-month high of $29.80.
Several analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Actuant from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, September 28th. Zacks Investment Research lowered shares of Actuant from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. BidaskClub lowered shares of Actuant from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Royal Bank of Canada reiterated a “hold” rating and set a $24.00 target price on shares of Actuant in a research report on Wednesday, October 25th. Finally, SunTrust Banks reiterated a “hold” rating and set a $23.00 target price on shares of Actuant in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $25.00.
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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