Brokerages Anticipate Actuant Co. (ATU) to Announce $0.40 EPS

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Brokerages expect Actuant Co. (NYSE:ATU) to announce earnings of $0.40 per share for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Actuant’s earnings, with estimates ranging from $0.35 to $0.42. Actuant reported earnings per share of $0.39 in the same quarter last year, which would indicate a positive year over year growth rate of 2.6%. The business is expected to report its next quarterly earnings results on Wednesday, June 19th.

On average, analysts expect that Actuant will report full year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.13 to $1.20. For the next fiscal year, analysts expect that the business will post earnings of $1.38 per share, with EPS estimates ranging from $1.26 to $1.45. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Actuant.

Actuant (NYSE:ATU) last announced its quarterly earnings results on Thursday, March 21st. The industrial products company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The company had revenue of $271.90 million for the quarter, compared to analyst estimates of $274.44 million. Actuant had a negative net margin of 1.97% and a positive return on equity of 13.28%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share.

Several research firms have recently weighed in on ATU. BMO Capital Markets reissued a “hold” rating and issued a $21.00 price objective on shares of Actuant in a report on Monday, January 28th. Maxim Group reissued a “positive” rating on shares of Actuant in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. raised Actuant from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $23.00 in a report on Monday, January 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $25.13.

In other news, VP Roger Roundhouse sold 10,266 shares of the stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $22.59, for a total value of $231,908.94. Following the completion of the sale, the vice president now directly owns 70,476 shares of the company’s stock, valued at $1,592,052.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Actuant by 14.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,479 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 568 shares during the period. Bank of Montreal Can lifted its holdings in shares of Actuant by 14.3% during the fourth quarter. Bank of Montreal Can now owns 6,234 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 778 shares during the period. Riverhead Capital Management LLC lifted its holdings in Actuant by 50.4% in the third quarter. Riverhead Capital Management LLC now owns 7,754 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 2,600 shares during the period. Raymond James Trust N.A. lifted its holdings in Actuant by 11.2% in the first quarter. Raymond James Trust N.A. now owns 12,438 shares of the industrial products company’s stock valued at $303,000 after acquiring an additional 1,250 shares during the period. Finally, Piedmont Investment Advisors Inc. lifted its holdings in Actuant by 3.6% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 14,529 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 501 shares during the period.

Shares of ATU stock traded up $0.25 during trading hours on Tuesday, hitting $25.92. The stock had a trading volume of 101,428 shares, compared to its average volume of 250,635. The company has a market capitalization of $1.60 billion, a P/E ratio of 23.78, a PEG ratio of 1.74 and a beta of 1.63. Actuant has a twelve month low of $19.07 and a twelve month high of $31.00. The company has a current ratio of 2.35, a quick ratio of 1.77 and a debt-to-equity ratio of 0.78.

About Actuant

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Engineered Components & Systems (EC&S). The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets.

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