Equities analysts expect Actuant Co. (NYSE:ATU) to report sales of $267.86 million for the current quarter, Zacks reports. Six analysts have issued estimates for Actuant’s earnings, with the lowest sales estimate coming in at $264.30 million and the highest estimate coming in at $271.18 million. Actuant reported sales of $265.79 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.8%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, December 20th.
According to Zacks, analysts expect that Actuant will report full-year sales of $267.86 million for the current fiscal year, with estimates ranging from $1.10 billion to $1.13 billion. For the next year, analysts forecast that the business will report sales of $1.16 billion per share, with estimates ranging from $1.14 billion to $1.18 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Actuant.
Actuant (NYSE:ATU) last announced its earnings results on Wednesday, September 27th. The industrial products company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The firm had revenue of $275.70 million for the quarter, compared to the consensus estimate of $265.33 million. Actuant had a positive return on equity of 9.43% and a negative net margin of 6.04%. Actuant’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS.
In other Actuant news, VP Ted Wozniak sold 5,000 shares of Actuant stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $26.19, for a total transaction of $130,950.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of ATU. Pzena Investment Management LLC grew its position in Actuant by 18.3% during the 3rd quarter. Pzena Investment Management LLC now owns 3,917,524 shares of the industrial products company’s stock worth $100,289,000 after purchasing an additional 605,973 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in Actuant during the 2nd quarter worth approximately $14,152,000. Frontier Capital Management Co. LLC grew its position in Actuant by 43.7% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,550,027 shares of the industrial products company’s stock worth $38,131,000 after purchasing an additional 471,037 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in Actuant during the 2nd quarter worth approximately $8,711,000. Finally, Clarkston Capital Partners LLC grew its position in Actuant by 12.8% during the 3rd quarter. Clarkston Capital Partners LLC now owns 2,537,547 shares of the industrial products company’s stock worth $64,961,000 after purchasing an additional 288,632 shares in the last quarter.
Actuant (NYSE ATU) traded up $0.15 during midday trading on Friday, hitting $26.15. The company’s stock had a trading volume of 310,165 shares, compared to its average volume of 471,653. The company has a market capitalization of $1,560.00, a PE ratio of 31.71, a P/E/G ratio of 2.57 and a beta of 1.65. Actuant has a 52 week low of $21.60 and a 52 week high of $29.80. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.71 and a quick ratio of 1.33.
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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