Equities analysts forecast that Actuant Co. (NYSE:ATU) will announce sales of $298.65 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Actuant’s earnings. The lowest sales estimate is $295.80 million and the highest is $301.73 million. Actuant posted sales of $288.96 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The business is expected to announce its next earnings report on Wednesday, December 19th.

According to Zacks, analysts expect that Actuant will report full year sales of $1.23 billion for the current fiscal year, with estimates ranging from $1.22 billion to $1.24 billion. For the next year, analysts forecast that the business will post sales of $1.28 billion, with estimates ranging from $1.26 billion to $1.30 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Actuant.

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

Several research analysts have recently issued reports on the company. Zacks Investment Research lowered Actuant from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. ValuEngine raised Actuant from a “hold” rating to a “buy” rating in a research report on Tuesday, November 6th. TheStreet lowered Actuant from a “b” rating to a “c” rating in a research report on Thursday, September 27th. BMO Capital Markets reduced their price objective on Actuant from $27.00 to $26.00 and set a “market perform” rating for the company in a research report on Thursday, September 27th. Finally, Wells Fargo & Co reduced their price objective on Actuant from $29.00 to $27.00 and set a “market perform” rating for the company in a research report on Friday, October 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $28.39.

A number of hedge funds have recently bought and sold shares of ATU. Point72 Hong Kong Ltd bought a new position in Actuant during the 2nd quarter valued at approximately $113,000. Tower Research Capital LLC TRC bought a new position in Actuant during the 2nd quarter valued at approximately $138,000. Cubist Systematic Strategies LLC bought a new position in Actuant during the 2nd quarter valued at approximately $188,000. Laurion Capital Management LP bought a new position in Actuant during the 2nd quarter valued at approximately $202,000. Finally, Riverhead Capital Management LLC increased its position in Actuant by 50.4% during the 3rd quarter. Riverhead Capital Management LLC now owns 7,754 shares of the industrial products company’s stock valued at $216,000 after buying an additional 2,600 shares in the last quarter.

Shares of NYSE:ATU traded down $0.29 during trading on Thursday, hitting $24.74. The stock had a trading volume of 178,300 shares, compared to its average volume of 449,064. Actuant has a 12 month low of $21.50 and a 12 month high of $31.00. The firm has a market capitalization of $1.56 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.55 and a beta of 1.55. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.52 and a current ratio of 2.00.

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.

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Earnings History and Estimates for Actuant (NYSE:ATU)

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