Actuant Co. (NYSE:ATU) will release its earnings data before the market opens on Wednesday, March 22nd. Analysts expect Actuant to post 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 posted its quarterly earnings results on Wednesday, December 21st. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. The firm had revenue of $266 million for the quarter. Actuant had a negative net margin of 10.42% and a positive return on equity of 12.92%. The company’s revenue was down 12.9% compared to the same quarter last year. During the same period last year, the business posted $0.31 earnings per share. On average, analysts expect Actuant to post $-0.01 EPS for the current fiscal year and $0.02 EPS for the next fiscal year.
Actuant Co. (NYSE:ATU) opened at 28.90 on Tuesday. The stock’s market capitalization is $1.71 billion. The company has a 50 day moving average of $27.03 and a 200 day moving average of $25.39. Actuant Co. has a 52 week low of $20.54 and a 52 week high of $29.80.
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Several research analysts have weighed in on the company. Zacks Investment Research downgraded Actuant from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. TheStreet upgraded Actuant from a “sell” rating to a “hold” rating in a research note on Friday, November 25th. Robert W. Baird upgraded Actuant from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 31st. Royal Bank of Canada downgraded Actuant from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $29.00 to $27.00 in a research note on Friday, January 13th. They noted that the move was a valuation call. Finally, Aegis restated a “buy” rating and issued a $30.00 price target on shares of Actuant in a research note on Tuesday, December 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.33.
In related news, Director Thomas J. Fischer sold 8,000 shares of the firm’s stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $26.92, for a total value of $215,360.00. Following the completion of the sale, the director now directly owns 25,373 shares in the company, valued at $683,041.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eugene Edward Skogg sold 4,339 shares of the firm’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $26.60, for a total value of $115,417.40. Following the completion of the sale, the executive vice president now owns 103,652 shares of the company’s stock, valued at $2,757,143.20. The disclosure for this sale can be found here. Insiders have sold a total of 228,104 shares of company stock valued at $6,022,946 over the last quarter. Corporate insiders own 4.00% of the company’s stock.
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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