Zacks: Analysts Anticipate Actuant (ATU) Will Post Earnings of $0.36 Per Share

Wall Street brokerages forecast that Actuant (NYSE:ATU) will announce earnings of $0.36 per share for the current quarter, according to Zacks. Six analysts have provided estimates for Actuant’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.34. Actuant reported earnings per share of $0.32 during the same quarter last year, which suggests a positive year-over-year growth rate of 12.5%. The company is expected to report its next earnings results on Wednesday, June 20th.

On average, analysts expect that Actuant will report full-year earnings of $1.03 per share for the current year, with EPS estimates ranging from $1.00 to $1.07. For the next year, analysts expect that the firm will post earnings of $1.24 per share, with EPS estimates ranging from $1.16 to $1.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Actuant.

Actuant (NYSE:ATU) last issued its quarterly earnings results on Wednesday, March 21st. The industrial products company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Actuant had a positive return on equity of 9.21% and a negative net margin of 7.86%. The business had revenue of $275.20 million for the quarter, compared to analysts’ expectations of $267.57 million. During the same quarter in the previous year, the firm posted $0.11 EPS. Actuant’s revenue was up 6.3% on a year-over-year basis.

A number of brokerages have recently weighed in on ATU. BMO Capital Markets dropped their price target on Actuant from $25.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, March 22nd. KeyCorp dropped their price target on Actuant from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, March 22nd. Stifel Nicolaus dropped their price target on Actuant from $26.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, March 22nd. Robert W. Baird restated a “buy” rating and set a $25.00 price target on shares of Actuant in a research note on Thursday, March 22nd. Finally, Zacks Investment Research upgraded Actuant from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.44.

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of Actuant by 2.2% during the first quarter. BlackRock Inc. now owns 7,704,132 shares of the industrial products company’s stock worth $179,121,000 after purchasing an additional 168,272 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Actuant by 2.0% during the first quarter. Pzena Investment Management LLC now owns 4,358,516 shares of the industrial products company’s stock worth $101,335,000 after purchasing an additional 84,271 shares during the period. Clarkston Capital Partners LLC lifted its holdings in shares of Actuant by 4.5% during the fourth quarter. Clarkston Capital Partners LLC now owns 2,651,423 shares of the industrial products company’s stock worth $67,081,000 after purchasing an additional 113,876 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Actuant by 33.4% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,639,734 shares of the industrial products company’s stock worth $61,374,000 after purchasing an additional 660,434 shares during the period. Finally, Champlain Investment Partners LLC lifted its holdings in shares of Actuant by 5.1% during the fourth quarter. Champlain Investment Partners LLC now owns 2,047,165 shares of the industrial products company’s stock worth $51,793,000 after purchasing an additional 99,750 shares during the period.

Shares of ATU stock traded up $0.20 during trading hours on Thursday, reaching $24.65. 314,300 shares of the company’s stock were exchanged, compared to its average volume of 477,332. Actuant has a 1 year low of $24.15 and a 1 year high of $24.40. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 2.52 and a beta of 1.51. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.55 and a current ratio of 2.15.

Actuant Company Profile

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates through three segments: Industrial, Energy, and Engineered Solutions. The 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 under the Enerpac, Larzep, Milwaukee Cylinder, Precision-Hayes, and Simplex brand names.

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Earnings History and Estimates for Actuant (NYSE:ATU)

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