Analysts predict that Actuant Co. (NYSE:ATU) will report $268.54 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Actuant’s earnings, with the highest sales estimate coming in at $271.30 million and the lowest estimate coming in at $265.20 million. Actuant posted sales of $258.87 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.7%. The company is scheduled to issue its next earnings results on Wednesday, March 28th.

According to Zacks, analysts expect that Actuant will report full-year sales of $268.54 million for the current fiscal year, with estimates ranging from $1.13 billion to $1.15 billion. For the next financial year, analysts expect that the company will post sales of $1.19 billion per share, with estimates ranging from $1.17 billion to $1.21 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Actuant.

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

A number of research firms have recently commented on ATU. Zacks Investment Research cut Actuant from a “buy” rating to a “hold” rating in a research report on Friday, December 22nd. SunTrust Banks restated a “hold” rating and issued a $23.00 price objective on shares of Actuant in a research report on Monday, October 2nd. Royal Bank of Canada restated a “hold” rating and issued a $24.00 price objective on shares of Actuant in a research report on Wednesday, October 25th. Finally, KeyCorp restated a “buy” rating and issued a $29.00 price objective on shares of Actuant in a research report on Sunday, November 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Actuant has a consensus rating of “Hold” and a consensus target price of $25.11.

Shares of Actuant (NYSE:ATU) opened at $25.85 on Tuesday. The company has a market capitalization of $1,572.20, a P/E ratio of -23.29, a PEG ratio of 2.62 and a beta of 1.65. Actuant has a 12-month low of $21.60 and a 12-month high of $29.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.80 and a quick ratio of 1.35.

In other news, VP Ted Wozniak sold 6,000 shares of Actuant stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $25.66, for a total value of $153,960.00. Following the sale, the vice president now directly owns 70,705 shares of the company’s stock, valued at $1,814,290.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Large investors have recently modified their holdings of the company. Amalgamated Bank boosted 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 buying an additional 314 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Actuant by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 45,882 shares of the industrial products company’s stock worth $1,128,000 after buying an additional 505 shares during the last quarter. Public Employees Retirement System of Ohio boosted 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 buying an additional 726 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Actuant by 0.8% during the second quarter. TIAA CREF Investment Management LLC now owns 161,222 shares of the industrial products company’s stock worth $3,966,000 after buying an additional 1,264 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in Actuant by 7.1% during the second quarter. Thrivent Financial For Lutherans now owns 35,970 shares of the industrial products company’s stock worth $885,000 after buying an additional 2,400 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.

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Earnings History and Estimates for Actuant (NYSE:ATU)

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