Research Analysts Offer Predictions for Actuant Co.’s FY2018 Earnings (ATU)
Actuant Co. (NYSE:ATU) – Research analysts at SunTrust Banks lifted their FY2018 earnings estimates for shares of Actuant in a note issued to investors on Tuesday. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will post earnings of $1.13 per share for the year, up from their prior estimate of $1.09. SunTrust Banks has a “Hold” rating and a $23.00 price objective on the stock.
Actuant (NYSE:ATU) last posted its earnings results on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. The business had revenue of $289.00 million for the quarter, compared to analyst estimates of $269.22 million. Actuant had a net margin of 1.81% and a return on equity of 4.12%. Actuant’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS.
ATU has been the subject of a number of other research reports. KeyCorp reissued a “buy” rating and issued a $29.00 price target (up previously from $28.00) on shares of Actuant in a research note on Monday, September 18th. BMO Capital Markets reissued a “market perform” rating and issued a $25.00 price target (up previously from $23.00) on shares of Actuant in a research note on Saturday, September 30th. Royal Bank of Canada reissued a “hold” rating and issued a $24.00 price target on shares of Actuant in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Actuant from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, December 20th. Finally, Robert W. Baird boosted their price target on shares of Actuant from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.11.
Actuant (NYSE ATU) traded down $0.45 during trading on Thursday, reaching $24.95. 323,800 shares of the company were exchanged, compared to its average volume of 443,743. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 1.02. The company has a market cap of $1,490.00, a price-to-earnings ratio of -22.48, a PEG ratio of 2.56 and a beta of 1.64. Actuant has a twelve month low of $21.60 and a twelve month high of $29.17.
Large investors have recently bought and sold shares of the stock. Pacad Investment Ltd. raised its holdings in Actuant by 30.3% during 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 during the last quarter. SG Americas Securities LLC bought a new stake in Actuant during the 3rd quarter valued at $162,000. Public Employees Retirement System of Ohio raised its holdings 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 worth $193,000 after purchasing an additional 726 shares in the last quarter. 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 worth $201,000 after purchasing an additional 314 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Actuant in the 3rd quarter worth $244,000.
In related news, VP Ted Wozniak sold 6,000 shares of the company’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $25.66, for a total transaction of $153,960.00. Following the completion of the sale, the vice president now directly owns 70,705 shares in the company, valued at approximately $1,814,290.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.
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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.
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