Actuant Co. (ATU) Expected to Post Q2 2018 Earnings of $0.15 Per Share

Actuant Co. (NYSE:ATU) – Analysts at KeyCorp lowered their Q2 2018 earnings per share estimates for Actuant in a note issued to investors on Wednesday. KeyCorp analyst J. Hammond now forecasts that the industrial products company will post earnings per share of $0.15 for the quarter, down from their previous forecast of $0.21. KeyCorp currently has a “Buy” rating and a $29.00 price target on the stock. KeyCorp also issued estimates for Actuant’s Q3 2018 earnings at $0.39 EPS and Q4 2018 earnings at $0.38 EPS.

ATU has been the subject of a number of other research reports. Zacks Investment Research cut Actuant from a “buy” rating to a “hold” rating in a report on Friday. Robert W. Baird boosted their price objective on Actuant from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, September 28th. SunTrust Banks restated a “hold” rating and set a $23.00 price objective on shares of Actuant in a report on Monday, October 2nd. BMO Capital Markets restated a “market perform” rating and set a $25.00 price objective (up previously from $23.00) on shares of Actuant in a report on Saturday, September 30th. Finally, Royal Bank of Canada restated a “hold” rating and set a $24.00 price objective on shares of Actuant in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $25.60.

Shares of Actuant (NYSE:ATU) traded down $1.25 during trading hours on Friday, hitting $24.45. The stock had a trading volume of 1,831,000 shares, compared to its average volume of 485,533. Actuant has a 12 month low of $21.60 and a 12 month high of $29.17. The company has a market capitalization of $1,540.85, a PE ratio of 31.73, a PEG ratio of 2.52 and a beta of 1.65. The company has a current ratio of 1.80, a quick ratio of 1.33 and a debt-to-equity ratio of 1.02.

Actuant (NYSE:ATU) last issued its quarterly earnings data on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Actuant had a positive return on equity of 9.29% and a negative net margin of 5.89%. The company had revenue of $289.00 million during the quarter, compared to analysts’ expectations of $269.22 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis.

In related news, VP Ted Wozniak sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $26.19, for a total value of $130,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATU. Pacad Investment Ltd. lifted its stake in Actuant by 30.3% during the second quarter. Pacad Investment Ltd. now owns 5,080 shares of the industrial products company’s stock worth $125,000 after purchasing an additional 1,180 shares during the last quarter. US Bancorp DE lifted its stake in Actuant by 3.2% during the second quarter. US Bancorp DE now owns 6,173 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 190 shares during the last quarter. SG Americas Securities LLC bought a new stake in Actuant during the third quarter worth $162,000. Public Employees Retirement System of Ohio lifted its stake in Actuant by 10.2% during the second quarter. Public Employees Retirement System of Ohio now owns 7,830 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 726 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in Actuant by 4.0% during the second quarter. Amalgamated Bank now owns 8,183 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 314 shares during the last quarter.

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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.

Earnings History and Estimates for Actuant (NYSE:ATU)

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