Actuant (ATU) Releases Earnings Results, Beats Expectations By $0.02 EPS
Actuant (NYSE:ATU) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02, Briefing.com reports. Actuant had a positive return on equity of 9.43% and a negative net margin of 6.04%. The firm had revenue of $289.00 million for the quarter, compared to the consensus estimate of $269.22 million. During the same period in the previous year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Actuant updated its Q2 guidance to $0.10-0.15 EPS and its FY18 guidance to $1.05-1.15 EPS.
Actuant (NYSE ATU) opened at $25.70 on Thursday. The stock has a market capitalization of $1,648.77, a price-to-earnings ratio of 33.54, a P/E/G ratio of 2.72 and a beta of 1.65. Actuant has a 1-year low of $21.60 and a 1-year high of $29.80. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 1.06.
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Actuant from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday. Robert W. Baird lifted their price objective on Actuant from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, September 28th. BMO Capital Markets reaffirmed a “market perform” rating and set a $25.00 price objective (up from $23.00) on shares of Actuant in a report on Saturday, September 30th. SunTrust Banks reaffirmed a “hold” rating and set a $23.00 price objective on shares of Actuant in a report on Monday, October 2nd. Finally, KeyCorp reaffirmed a “buy” rating and set a $29.00 price objective on shares of Actuant in a report on Sunday, November 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $25.60.
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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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