Actuant Corporation (ATU) Set to Announce Earnings on Wednesday
Actuant Corporation (NYSE:ATU) will post its quarterly earnings results before the market opens on Wednesday, September 27th. Analysts expect Actuant Corporation to post earnings of $0.21 per share for the quarter.
Actuant Corporation (NYSE:ATU) opened at 26.95 on Tuesday. The stock has a market cap of $1.61 billion, a PE ratio of 32.08 and a beta of 1.61. The company’s 50 day moving average is $24.07 and its 200-day moving average is $25.26. Actuant Corporation has a 52-week low of $20.54 and a 52-week high of $29.80.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.59%. Actuant Corporation’s payout ratio is 4.88%.
A number of equities research analysts recently issued reports on the stock. KeyCorp restated a “buy” rating and issued a $29.00 target price (up from $28.00) on shares of Actuant Corporation in a report on Monday, September 18th. Zacks Investment Research upgraded shares of Actuant Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Wolfe Research downgraded shares of Actuant Corporation from a “market perform” rating to an “underperform” rating in a report on Monday, August 21st. BMO Capital Markets boosted their target price on shares of Actuant Corporation from $22.00 to $23.00 and gave the company a “market perform” rating in a report on Friday, August 18th. Finally, BidaskClub downgraded shares of Actuant Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $26.44.
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About Actuant Corporation
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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