Zacks: Brokerages Anticipate Actuant Co. (ATU) Will Post Earnings of $0.24 Per Share

Wall Street analysts expect Actuant Co. (NYSE:ATU) to announce earnings per share (EPS) of $0.24 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Actuant’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.25. Actuant reported earnings per share of $0.19 during the same quarter last year, which suggests a positive year-over-year growth rate of 26.3%. The business is expected to issue its next quarterly earnings results on Wednesday, December 19th.

According to Zacks, analysts expect that Actuant will report full-year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.20. For the next fiscal year, analysts forecast that the firm will report earnings of $1.36 per share, with EPS estimates ranging from $1.26 to $1.45. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Actuant.

Actuant (NYSE:ATU) last posted its quarterly earnings results on Wednesday, September 26th. The industrial products company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. Actuant had a negative net margin of 1.83% and a positive return on equity of 11.78%. The company had revenue of $301.40 million during the quarter, compared to analyst estimates of $290.68 million. During the same period in the prior year, the business posted $0.19 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year.

A number of equities research analysts recently commented on ATU shares. Royal Bank of Canada upped their price target on shares of Actuant to $28.00 and gave the company a “sector perform” rating in a report on Thursday, June 21st. Zacks Investment Research lowered shares of Actuant from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 21st. TheStreet lowered shares of Actuant from a “b” rating to a “c” rating in a report on Thursday, September 27th. JPMorgan Chase & Co. lowered shares of Actuant from a “neutral” rating to an “underweight” rating in a report on Thursday, June 28th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $27.00 price target (up from $24.00) on shares of Actuant in a report on Thursday, June 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Actuant currently has an average rating of “Hold” and a consensus target price of $28.39.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in Actuant by 9.6% in the 2nd quarter. BlackRock Inc. now owns 8,446,063 shares of the industrial products company’s stock worth $247,893,000 after purchasing an additional 741,931 shares in the last quarter. Clarkston Capital Partners LLC raised its holdings in Actuant by 2.0% in the 2nd quarter. Clarkston Capital Partners LLC now owns 2,716,272 shares of the industrial products company’s stock worth $79,723,000 after purchasing an additional 52,840 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Actuant by 33.4% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in Actuant by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,373,321 shares of the industrial products company’s stock worth $69,657,000 after purchasing an additional 67,943 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Actuant by 16.0% in the 2nd quarter. Jennison Associates LLC now owns 1,059,713 shares of the industrial products company’s stock worth $31,103,000 after purchasing an additional 146,290 shares in the last quarter.

NYSE:ATU traded down $0.47 during midday trading on Friday, reaching $23.85. 321,305 shares of the stock traded hands, compared to its average volume of 463,477. Actuant has a 12 month low of $21.50 and a 12 month high of $31.00. The company has a quick ratio of 1.52, a current ratio of 2.00 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.53 billion, a P/E ratio of 22.19, a P/E/G ratio of 1.53 and a beta of 1.45.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.16 annualized dividend and a yield of 0.67%. Actuant’s dividend payout ratio (DPR) is presently 3.67%.

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.

See Also: Dividend

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Earnings History and Estimates for Actuant (NYSE:ATU)

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