Wall Street analysts expect Actuant (NYSE:ATU) to report sales of $305.93 million for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Actuant’s earnings. The highest sales estimate is $308.52 million and the lowest is $303.04 million. Actuant posted sales of $295.43 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The firm is expected to announce its next earnings report on Wednesday, June 20th.
According to Zacks, analysts expect that Actuant will report full year sales of $1.15 billion for the current year, with estimates ranging from $1.14 billion to $1.16 billion. For the next financial year, analysts forecast that the business will report sales of $1.20 billion per share, with estimates ranging from $1.19 billion to $1.20 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Actuant.
Actuant (NYSE:ATU) last announced its quarterly earnings results on Wednesday, March 21st. The industrial products company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The business had revenue of $275.20 million for the quarter, compared to analyst estimates of $267.57 million. Actuant had a negative net margin of 7.86% and a positive return on equity of 9.21%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share.
A number of brokerages have weighed in on ATU. Stifel Nicolaus reduced their price target on shares of Actuant from $26.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, March 22nd. Robert W. Baird reissued a “buy” rating and set a $25.00 target price on shares of Actuant in a research report on Thursday, March 22nd. BMO Capital Markets reduced their target price on shares of Actuant from $25.00 to $24.00 and set a “market perform” rating on the stock in a research report on Thursday, March 22nd. KeyCorp reduced their target price on shares of Actuant from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, March 22nd. Finally, Zacks Investment Research raised shares of Actuant from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $24.44.
Shares of Actuant opened at $24.10 on Friday, Marketbeat reports. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 29.04, a price-to-earnings-growth ratio of 2.47 and a beta of 1.51. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.55 and a current ratio of 2.15. Actuant has a fifty-two week low of $23.75 and a fifty-two week high of $24.10.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in shares of Actuant by 133.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,201 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 3,550 shares in the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Actuant in the fourth quarter worth $240,000. MainStreet Investment Advisors LLC bought a new stake in shares of Actuant in the fourth quarter worth $313,000. Millennium Management LLC bought a new stake in shares of Actuant in the fourth quarter worth $334,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Actuant in the fourth quarter worth $336,000.
Actuant Company Profile
Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates through three segments: Industrial, Energy, and Engineered Solutions. The 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 under the Enerpac, Larzep, Milwaukee Cylinder, Precision-Hayes, and Simplex brand names.
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