Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Actuant Corporation (ATU) Stock Price
News stories about Actuant Corporation (NYSE:ATU) have been trending somewhat positive on Friday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Actuant Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 45.4027727347307 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research analysts recently weighed in on the company. Robert W. Baird increased their price objective on Actuant Corporation from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, September 28th. KeyCorp reiterated a “buy” rating and issued a $29.00 price objective (up from $28.00) on shares of Actuant Corporation in a research report on Monday, September 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $24.00 price objective on shares of Actuant Corporation in a research report on Wednesday, October 25th. SunTrust Banks, Inc. restated a “hold” rating and set a $23.00 price target on shares of Actuant Corporation in a research report on Monday, October 2nd. Finally, BMO Capital Markets restated a “market perform” rating and set a $25.00 price target (up from $23.00) on shares of Actuant Corporation in a research report on Saturday, September 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.00.
Actuant Corporation (NYSE ATU) traded up $0.10 during trading on Friday, reaching $24.70. The company’s stock had a trading volume of 148,589 shares, compared to its average volume of 486,901. Actuant Corporation has a one year low of $21.60 and a one year high of $29.80. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.33 and a current ratio of 1.71. The firm has a market capitalization of $1,480.00, a PE ratio of 30.67, a PEG ratio of 2.49 and a beta of 1.64.
Actuant Corporation (NYSE:ATU) last posted its quarterly earnings results on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). Actuant Corporation had a negative net margin of 6.04% and a positive return on equity of 9.43%. The business had revenue of $275.70 million during the quarter, compared to analyst estimates of $265.33 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. analysts anticipate that Actuant Corporation will post 1.08 earnings per share for the current year.
In other Actuant Corporation news, VP Ted Wozniak sold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $26.19, for a total value of $130,950.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.00% of the stock is owned by company insiders.
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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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