Equities analysts forecast that Actuant Co. (NYSE:ATU) will announce earnings of $0.35 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Actuant’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.37. Actuant posted earnings of $0.19 per share during the same quarter last year, which indicates a positive year over year growth rate of 84.2%. The business is expected to announce its next quarterly earnings report on Wednesday, September 26th.

According to Zacks, analysts expect that Actuant will report full year earnings of $1.06 per share for the current financial year, with EPS estimates ranging from $1.04 to $1.08. For the next year, analysts anticipate that the company will post earnings of $1.29 per share, with EPS estimates ranging from $1.23 to $1.35. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Actuant.

Actuant (NYSE:ATU) last posted its quarterly earnings data on Wednesday, June 20th. The industrial products company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Actuant had a negative net margin of 7.15% and a positive return on equity of 9.86%. The company had revenue of $317.10 million during the quarter, compared to analysts’ expectations of $306.83 million. During the same period in the prior year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis.

Several equities research analysts have recently weighed in on ATU shares. Royal Bank of Canada upped their price target on Actuant to $28.00 and gave the company a “sector perform” rating in a research report on Thursday, June 21st. JPMorgan Chase & Co. cut Actuant from a “neutral” rating to an “underweight” rating in a research report on Thursday, June 28th. Zacks Investment Research upgraded Actuant from a “sell” rating to a “hold” rating in a research report on Wednesday, May 30th. BMO Capital Markets reiterated a “hold” rating and set a $27.00 price target (up from $24.00) on shares of Actuant in a research report on Thursday, June 21st. Finally, TheStreet upgraded Actuant from a “c-” rating to a “b-” rating in a research report on Wednesday, June 20th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $28.69.

In other Actuant news, Director Alfredo Altavilla acquired 2,000 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was bought at an average price of $24.75 per share, with a total value of $49,500.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $49,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in Actuant by 13.3% in the second quarter. Nisa Investment Advisors LLC now owns 17,000 shares of the industrial products company’s stock worth $499,000 after purchasing an additional 2,000 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Actuant by 2.2% in the 1st quarter. Prudential Financial Inc. now owns 101,162 shares of the industrial products company’s stock valued at $2,352,000 after purchasing an additional 2,150 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Actuant by 2.6% in the 1st quarter. Legal & General Group Plc now owns 124,801 shares of the industrial products company’s stock valued at $2,881,000 after purchasing an additional 3,120 shares in the last quarter. Swiss National Bank boosted its stake in shares of Actuant by 4.2% in the 1st quarter. Swiss National Bank now owns 104,000 shares of the industrial products company’s stock valued at $2,418,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Actuant by 45.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 13,774 shares of the industrial products company’s stock valued at $320,000 after purchasing an additional 4,300 shares in the last quarter.

Actuant stock traded down $0.05 during mid-day trading on Friday, hitting $28.20. 235,700 shares of the stock were exchanged, compared to its average volume of 316,443. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.53 and a current ratio of 2.08. Actuant has a 12 month low of $21.50 and a 12 month high of $30.05. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 1.70 and a beta of 1.41.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, September 27th. Actuant’s payout ratio is 4.82%.

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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