Brokerages Anticipate Actuant Co. (ATU) to Announce $0.36 EPS

Brokerages expect Actuant Co. (NYSE:ATU) to post earnings per share (EPS) of $0.36 for the current quarter, Zacks reports. Six analysts have provided estimates for Actuant’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.37. Actuant reported earnings of $0.32 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The business is expected to report its next earnings results on Wednesday, June 20th.

On average, analysts expect that Actuant will report full-year earnings of $1.03 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.07. For the next year, analysts anticipate that the business will report earnings of $1.24 per share, with EPS estimates ranging from $1.16 to $1.32. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Actuant.

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Actuant (NYSE:ATU) last posted its quarterly earnings data on Wednesday, March 21st. The industrial products company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Actuant had a negative net margin of 7.86% and a positive return on equity of 9.21%. The company had revenue of $275.20 million for the quarter, compared to analysts’ expectations of $267.57 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis.

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price objective on Actuant from $26.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, March 22nd. BMO Capital Markets decreased their target price on Actuant from $25.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, March 22nd. Zacks Investment Research raised Actuant from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Robert W. Baird reissued a “buy” rating and set a $25.00 target price on shares of Actuant in a research note on Thursday, March 22nd. Finally, KeyCorp decreased their target price on Actuant from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, March 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.44.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GHP Investment Advisors Inc. raised its stake in Actuant by 3.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 76,141 shares of the industrial products company’s stock valued at $1,926,000 after purchasing an additional 2,517 shares during the period. American International Group Inc. increased its stake in Actuant by 5.8% in the 3rd quarter. American International Group Inc. now owns 47,200 shares of the industrial products company’s stock worth $1,208,000 after acquiring an additional 2,567 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Actuant by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 282,254 shares of the industrial products company’s stock worth $7,240,000 after acquiring an additional 2,784 shares during the last quarter. California Public Employees Retirement System increased its stake in Actuant by 1.6% in the 3rd quarter. California Public Employees Retirement System now owns 187,694 shares of the industrial products company’s stock worth $4,805,000 after acquiring an additional 2,894 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Actuant by 2.4% in the 3rd quarter. Rhumbline Advisers now owns 131,422 shares of the industrial products company’s stock worth $3,364,000 after acquiring an additional 3,050 shares during the last quarter.

ATU stock opened at $22.75 on Friday. Actuant has a twelve month low of $21.50 and a twelve month high of $27.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.55 and a current ratio of 2.15. The stock has a market cap of $1,365.17, a PE ratio of 27.41, a P/E/G ratio of 2.37 and a beta of 1.51.

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About Actuant

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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