Wall Street brokerages expect Actuant Co. (NYSE:ATU) to post $168.71 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Actuant’s earnings, with the lowest sales estimate coming in at $168.00 million and the highest estimate coming in at $169.03 million. Actuant reported sales of $301.40 million during the same quarter last year, which indicates a negative year over year growth rate of 44%. The firm is expected to report its next earnings results on Wednesday, September 25th.
According to Zacks, analysts expect that Actuant will report full year sales of $665.12 million for the current fiscal year, with estimates ranging from $664.43 million to $665.46 million. For the next year, analysts expect that the company will post sales of $681.76 million, with estimates ranging from $675.17 million to $685.05 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Actuant.
Actuant (NYSE:ATU) last announced its quarterly earnings results on Wednesday, June 26th. The industrial products company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. Actuant had a positive return on equity of 13.89% and a negative net margin of 1.72%. The company had revenue of $295.30 million for the quarter, compared to the consensus estimate of $301.21 million. During the same period last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year.
In related news, Director Deursen Holly Van sold 1,647 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $21.20, for a total value of $34,916.40. Following the transaction, the director now directly owns 41,165 shares of the company’s stock, valued at approximately $872,698. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.62% of the company’s stock.
A number of institutional investors have recently modified their holdings of ATU. Arizona State Retirement System lifted its stake in Actuant by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 95,272 shares of the industrial products company’s stock worth $2,364,000 after purchasing an additional 978 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in Actuant by 1.2% in the 1st quarter. Frontier Capital Management Co. LLC now owns 1,667,574 shares of the industrial products company’s stock worth $40,639,000 after purchasing an additional 19,812 shares in the last quarter. Clarkston Capital Partners LLC lifted its stake in Actuant by 6.6% in the 1st quarter. Clarkston Capital Partners LLC now owns 3,263,390 shares of the industrial products company’s stock worth $79,529,000 after purchasing an additional 201,923 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Actuant in the 1st quarter worth approximately $201,000. Finally, Deutsche Bank AG lifted its stake in Actuant by 43.1% in the 4th quarter. Deutsche Bank AG now owns 188,838 shares of the industrial products company’s stock worth $3,962,000 after purchasing an additional 56,832 shares in the last quarter.
Shares of ATU stock traded up $0.46 during mid-day trading on Friday, hitting $21.56. 332,900 shares of the stock were exchanged, compared to its average volume of 329,491. The firm has a fifty day moving average of $22.71 and a 200 day moving average of $23.92. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.77. Actuant has a 52-week low of $19.07 and a 52-week high of $31.00. The company has a market cap of $1.30 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 2.31 and a beta of 1.65.
The business also recently declared an annual dividend, which will be paid on Monday, October 14th. Investors of record on Friday, September 27th will be paid a $0.04 dividend. This represents a yield of 0.17%. The ex-dividend date of this dividend is Thursday, September 26th. Actuant’s dividend payout ratio is presently 3.67%.
Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Engineered Components & Systems (EC&S). The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets.
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