Analysts Expect Actuant Co. (NYSE:ATU) Will Post Earnings of $0.18 Per Share

Equities research analysts expect Actuant Co. (NYSE:ATU) to post earnings per share of $0.18 for the current quarter, according to Zacks. Four analysts have made estimates for Actuant’s earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.20. Actuant reported earnings per share of $0.39 in the same quarter last year, which indicates a negative year over year growth rate of 53.8%. The company is expected to issue its next quarterly earnings results on Wednesday, September 25th.

On average, analysts expect that Actuant will report full year earnings of $0.70 per share for the current fiscal year, with EPS estimates ranging from $0.69 to $0.72. For the next financial year, analysts anticipate that the business will report earnings of $0.93 per share, with EPS estimates ranging from $0.85 to $1.05. Zacks’ EPS averages are an average based on a survey of research analysts that cover Actuant.

Actuant (NYSE:ATU) last issued its quarterly earnings data on Wednesday, June 26th. The industrial products company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $295.30 million during the quarter, compared to analyst estimates of $301.21 million. Actuant had a positive return on equity of 13.89% and a negative net margin of 1.72%. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS.

ATU has been the subject of several recent analyst reports. GMP Securities reaffirmed a “buy” rating and issued a $0.75 target price on shares of Actuant in a report on Wednesday, May 8th. Robert W. Baird set a $25.00 target price on Actuant and gave the company a “buy” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.96.

Several hedge funds have recently added to or reduced their stakes in the company. Cable Hill Partners LLC bought a new position in Actuant during the first quarter valued at $25,000. Quantamental Technologies LLC bought a new position in Actuant during the first quarter valued at $80,000. Atria Investments LLC bought a new position in Actuant during the second quarter valued at $103,000. Marshall Wace LLP bought a new position in Actuant during the first quarter valued at $118,000. Finally, Everence Capital Management Inc. bought a new position in Actuant during the first quarter valued at $201,000.

Shares of ATU stock traded down $0.07 during trading on Thursday, hitting $21.10. The company’s stock had a trading volume of 309,800 shares, compared to its average volume of 258,826. The company has a market cap of $1.32 billion, a P/E ratio of 19.35, a PEG ratio of 2.35 and a beta of 1.65. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.77. The business’s fifty day moving average is $22.78. Actuant has a 52 week low of $19.07 and a 52 week high of $31.00.

The firm also recently announced an annual dividend, which will be paid on Monday, October 14th. Stockholders of record on Friday, September 27th will be issued a $0.04 dividend. This represents a dividend yield of 0.17%. The ex-dividend date is Thursday, September 26th. Actuant’s dividend payout ratio is presently 3.67%.

About Actuant

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Engineered Components & Systems (EC&S). The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets.

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Earnings History and Estimates for Actuant (NYSE:ATU)

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