Actuant Corporation (NYSE:ATU) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $1.05-1.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.08. The company issued revenue guidance of $1100-1130, compared to the consensus revenue estimate of $1.11 billion.Actuant Corporation also updated its Q1 guidance to $0.14-0.19 EPS.

Several research firms have issued reports on ATU. Royal Bank Of Canada reaffirmed a hold rating and set a $28.00 price objective on shares of Actuant Corporation in a report on Tuesday, June 6th. KeyCorp reaffirmed a buy rating and set a $29.00 price objective (up from $28.00) on shares of Actuant Corporation in a report on Monday, September 18th. Zacks Investment Research downgraded shares of Actuant Corporation from a hold rating to a sell rating in a report on Monday, June 12th. Wolfe Research began coverage on shares of Actuant Corporation in a report on Tuesday, July 11th. They set a market perform rating on the stock. Finally, BidaskClub downgraded shares of Actuant Corporation from a hold rating to a sell rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Actuant Corporation presently has a consensus rating of Hold and a consensus price target of $26.44.

Actuant Corporation (ATU) opened at 25.10 on Thursday. The stock has a market capitalization of $1.50 billion, a P/E ratio of 29.88 and a beta of 1.61. Actuant Corporation has a 1-year low of $20.54 and a 1-year high of $29.80. The stock has a 50 day moving average of $24.07 and a 200 day moving average of $25.26.

Actuant Corporation (NYSE:ATU) last issued its quarterly earnings data on Wednesday, September 27th. The industrial products company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.03). The business had revenue of $275.70 million during the quarter, compared to analyst estimates of $265.33 million. Actuant Corporation had a net margin of 4.56% and a return on equity of 10.58%. Actuant Corporation’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. On average, analysts expect that Actuant Corporation will post $0.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.04 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.60%. Actuant Corporation’s payout ratio is 4.88%.

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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.

Earnings History and Estimates for Actuant Corporation (NYSE:ATU)

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