Actuant (ATU) Updates Q2 Earnings Guidance
Actuant (NYSE:ATU) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.10-0.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.21. The company issued revenue guidance of $265-275 million, compared to the consensus revenue estimate of $265.84 million.Actuant also updated its FY18 guidance to $1.05-1.15 EPS.
Actuant (NYSE ATU) opened at $25.70 on Thursday. The stock has a market cap of $1,648.77, a P/E ratio of 33.54, a P/E/G ratio of 2.72 and a beta of 1.65. Actuant has a 12-month low of $21.60 and a 12-month 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.
Actuant (NYSE:ATU) last announced its quarterly earnings results on Wednesday, December 20th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Actuant had a negative net margin of 6.04% and a positive return on equity of 9.43%. The firm had revenue of $289.00 million during the quarter, compared to analysts’ expectations of $269.22 million. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue was up 8.7% on a year-over-year basis. analysts anticipate that Actuant will post 1.08 earnings per share for the current year.
In other news, VP Ted Wozniak sold 5,000 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $26.19, for a total transaction of $130,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.
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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