Research Analysts Set Expectations for Actuant Co.’s FY2022 Earnings (ATU)

Actuant Co. (NYSE:ATU) – Equities researchers at Gabelli issued their FY2022 EPS estimates for Actuant in a research note issued to investors on Thursday. Gabelli analyst J. Bergner expects that the industrial products company will earn $1.95 per share for the year.

Actuant (NYSE:ATU) last released its earnings results on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $289.00 million for the quarter, compared to the consensus estimate of $269.22 million. During the same period in the prior year, the firm earned $0.20 EPS. The firm’s revenue was up 8.7% on a year-over-year basis.

Several other equities research analysts have also commented on ATU. KeyCorp reaffirmed a “buy” rating and issued a $29.00 price target (up from $28.00) on shares of Actuant in a report on Monday, September 18th. Robert W. Baird upped their price target on shares of Actuant from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $25.00 price target (up from $23.00) on shares of Actuant in a report on Saturday, September 30th. SunTrust Banks reaffirmed a “hold” rating and issued a $23.00 price target on shares of Actuant in a report on Monday, October 2nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $24.00 price target on shares of Actuant in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Actuant presently has a consensus rating of “Hold” and a consensus price target of $25.60.

Actuant (NYSE ATU) traded up $0.15 during trading hours on Friday, reaching $24.60. 833,085 shares of the company’s stock traded hands, compared to its average volume of 486,940. Actuant has a one year low of $21.60 and a one year high of $29.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.33 and a current ratio of 1.80. The stock has a market capitalization of $1,540.85, a price-to-earnings ratio of -22.16, a price-to-earnings-growth ratio of 2.52 and a beta of 1.65.

Institutional investors have recently modified their holdings of the stock. Pacad Investment Ltd. lifted its stake in Actuant by 30.3% in the 2nd quarter. Pacad Investment Ltd. now owns 5,080 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,180 shares in the last quarter. US Bancorp DE lifted its stake in Actuant by 3.2% in the 2nd quarter. US Bancorp DE now owns 6,173 shares of the industrial products company’s stock valued at $152,000 after buying an additional 190 shares in the last quarter. SG Americas Securities LLC purchased a new position in Actuant in the 3rd quarter valued at about $162,000. Public Employees Retirement System of Ohio lifted its stake in Actuant by 10.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,830 shares of the industrial products company’s stock valued at $193,000 after buying an additional 726 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in Actuant by 4.0% in the 2nd quarter. Amalgamated Bank now owns 8,183 shares of the industrial products company’s stock valued at $201,000 after acquiring an additional 314 shares during the last quarter.

In other news, VP Ted Wozniak sold 5,000 shares of the stock in a transaction dated 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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About Actuant

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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