Actuant Co. (ATU) Expected to Announce Quarterly Sales of $267.86 Million

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.

Several research firms have issued reports on ATU. BMO Capital Markets upped their price target on Actuant from $22.00 to $23.00 and gave the company a “market perform” rating in a report on Friday, August 18th. KeyCorp reaffirmed a “buy” rating and issued a $29.00 price target (up previously from $28.00) on shares of Actuant in a report on Monday, September 18th. Wolfe Research cut Actuant from a “market perform” rating to an “underperform” rating in a report on Monday, August 21st. Zacks Investment Research raised Actuant from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, BidaskClub cut Actuant from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.00.

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.

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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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