Actuant Co. (ATU) to Post FY2018 Earnings of $1.25 Per Share, Gabelli Forecasts

Actuant Co. (NYSE:ATU) – Gabelli reduced their FY2018 earnings per share estimates for Actuant in a note issued to investors on Thursday, according to Zacks Investment Research. Gabelli analyst J. Bergner now anticipates that the industrial products company will post earnings per share of $1.25 for the year, down from their prior estimate of $1.30. Gabelli also issued estimates for Actuant’s FY2019 earnings at $1.45 EPS and FY2020 earnings at $1.65 EPS.

Actuant (NYSE:ATU) last announced its quarterly earnings data on Wednesday, March 22nd. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by $0.01. The business earned $258.90 million during the quarter, compared to analyst estimates of $250.31 million. Actuant had a negative net margin of 10.42% and a positive return on equity of 12.92%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share.

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Earnings History and Estimates for Actuant (NYSE:ATU)

Several other equities analysts have also issued reports on ATU. Aegis reiterated a “buy” rating and set a $30.00 target price on shares of Actuant in a report on Tuesday, December 27th. Zacks Investment Research lowered shares of Actuant from a “buy” rating to a “hold” rating in a report on Tuesday, February 21st. Robert W. Baird upgraded shares of Actuant from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 31st. Tudor Pickering began coverage on shares of Actuant in a report on Thursday, March 23rd. They set a “hold” rating for the company. Finally, BMO Capital Markets reiterated a “hold” rating and set a $25.00 target price on shares of Actuant in a report on Wednesday, March 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Actuant currently has an average rating of “Hold” and a consensus price target of $26.78.

Shares of Actuant (NYSE:ATU) traded down 0.59% on Friday, hitting $25.15. The stock had a trading volume of 302,696 shares. The firm has a 50 day moving average of $26.37 and a 200-day moving average of $25.89. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 30.67 and a beta of 1.57. Actuant has a 1-year low of $20.54 and a 1-year high of $29.80.

In other Actuant news, VP Stephen Rennie sold 2,647 shares of Actuant stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $25.20, for a total value of $66,704.40. Following the completion of the sale, the vice president now owns 55,818 shares of the company’s stock, valued at approximately $1,406,613.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Ted Wozniak sold 1,000 shares of Actuant stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $25.64, for a total transaction of $25,640.00. Following the completion of the sale, the vice president now directly owns 82,496 shares of the company’s stock, valued at approximately $2,115,197.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,147 shares of company stock valued at $105,009. 4.00% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of ATU. Bank of Montreal Can increased its stake in Actuant by 16.0% in the first quarter. Bank of Montreal Can now owns 5,035 shares of the industrial products company’s stock worth $132,000 after buying an additional 695 shares during the period. State of Alaska Department of Revenue increased its stake in Actuant by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 6,530 shares of the industrial products company’s stock worth $172,000 after buying an additional 150 shares during the period. Howe & Rusling Inc. bought a new stake in Actuant during the first quarter worth approximately $179,000. Raymond James Trust N.A. bought a new stake in Actuant during the third quarter worth approximately $204,000. Finally, First Republic Investment Management Inc. bought a new stake in Actuant during the fourth quarter worth approximately $208,000.

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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