Zacks: Analysts Expect Actuant Co. (ATU) Will Post Earnings of $0.14 Per Share

Equities research analysts predict that Actuant Co. (NYSE:ATU) will announce earnings of $0.14 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Actuant’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.15. Actuant reported earnings per share of $0.11 in the same quarter last year, which suggests a positive year-over-year growth rate of 27.3%. The business is expected to announce its next quarterly earnings report on Wednesday, March 28th.

On average, analysts expect that Actuant will report full year earnings of $1.07 per share for the current year, with EPS estimates ranging from $1.04 to $1.10. For the next financial year, analysts anticipate that the firm will post earnings of $1.30 per share, with EPS estimates ranging from $1.25 to $1.40. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Actuant.

Actuant (NYSE:ATU) last posted its quarterly earnings data on Wednesday, December 20th. The industrial products company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. Actuant had a negative net margin of 5.89% and a positive return on equity of 9.29%. The firm had revenue of $289.00 million for the quarter, compared to the consensus estimate of $269.22 million. During the same period in the prior year, the firm posted $0.20 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Actuant from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, December 20th. Royal Bank of Canada reiterated a “hold” rating and set a $24.00 price objective on shares of Actuant in a research note on Wednesday, October 25th. Finally, KeyCorp reiterated a “buy” rating and set a $29.00 price objective on shares of Actuant in a research note on Sunday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $25.11.

In other news, VP Ted Wozniak sold 6,000 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $25.66, for a total value of $153,960.00. Following the transaction, the vice president now directly owns 70,705 shares in the company, valued at approximately $1,814,290.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of ATU. Tower Research Capital LLC TRC lifted its position in shares of Actuant by 133.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,201 shares of the industrial products company’s stock worth $157,000 after buying an additional 3,550 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Actuant in the 3rd quarter worth about $162,000. Public Employees Retirement System of Ohio lifted its position in shares of Actuant by 10.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,830 shares of the industrial products company’s stock worth $193,000 after buying an additional 726 shares during the last quarter. Amalgamated Bank lifted its position in shares of Actuant by 4.0% in the 2nd quarter. Amalgamated Bank now owns 8,183 shares of the industrial products company’s stock worth $201,000 after buying an additional 314 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Actuant in the 3rd quarter worth about $244,000.

Actuant (ATU) traded up $0.35 during midday trading on Wednesday, reaching $23.65. 200,356 shares of the company’s stock were exchanged, compared to its average volume of 496,545. Actuant has a 12-month low of $21.60 and a 12-month high of $29.17. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 1.02. The company has a market cap of $1,398.18, a P/E ratio of -21.28, a price-to-earnings-growth ratio of 2.33 and a beta of 1.56.

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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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Earnings History and Estimates for Actuant (NYSE:ATU)

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