Q1 2018 EPS Estimates for Actuant Corporation Increased by SunTrust Banks (ATU)
Actuant Corporation (NYSE:ATU) – Equities research analysts at SunTrust Banks lifted their Q1 2018 earnings per share (EPS) estimates for shares of Actuant Corporation in a report issued on Thursday. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will post earnings per share of $0.18 for the quarter, up from their prior forecast of $0.15. SunTrust Banks currently has a “Hold” rating and a $23.00 target price on the stock. SunTrust Banks also issued estimates for Actuant Corporation’s Q2 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.32 EPS and FY2018 earnings at $1.09 EPS.
Actuant Corporation (NYSE:ATU) last announced its earnings results on Wednesday, September 27th. The industrial products company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The business had revenue of $275.70 million during the quarter, compared to analysts’ expectations of $265.33 million. Actuant Corporation had a positive return on equity of 9.43% and a negative net margin of 6.04%. Actuant Corporation’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. ILLEGAL ACTIVITY NOTICE: “Q1 2018 EPS Estimates for Actuant Corporation Increased by SunTrust Banks (ATU)” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/q1-2018-eps-estimates-for-actuant-corporation-increased-by-suntrust-banks-atu/1602376.html.
Several other research analysts also recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Actuant Corporation from $22.00 to $23.00 and gave the stock a “market perform” rating in a research note on Friday, August 18th. Stifel Nicolaus cut their price target on shares of Actuant Corporation from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, June 22nd. Royal Bank Of Canada reissued a “hold” rating and set a $28.00 price target on shares of Actuant Corporation in a research report on Tuesday, June 6th. Gabelli raised shares of Actuant Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, J P Morgan Chase & Co upgraded shares of Actuant Corporation from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $23.00 to $21.00 in a report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Actuant Corporation presently has a consensus rating of “Hold” and a consensus price target of $26.00.
Actuant Corporation (NYSE:ATU) opened at 25.60 on Monday. Actuant Corporation has a 12-month low of $21.40 and a 12-month high of $29.80. The stock has a 50 day moving average price of $24.07 and a 200 day moving average price of $25.26. The company’s market capitalization is $1.53 billion.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Thursday, September 28th. Actuant Corporation’s dividend payout ratio (DPR) is presently -3.57%.
A number of large investors have recently bought and sold shares of ATU. BlackRock Inc. raised its stake in Actuant Corporation by 24,997.9% during the 1st quarter. BlackRock Inc. now owns 7,785,372 shares of the industrial products company’s stock valued at $205,145,000 after buying an additional 7,754,352 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Actuant Corporation in the 2nd quarter worth $14,152,000. Frontier Capital Management Co. LLC boosted its stake in shares of Actuant Corporation by 43.7% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,550,027 shares of the industrial products company’s stock worth $38,131,000 after buying an additional 471,037 shares during the last quarter. SG Capital Management LLC purchased a new position in shares of Actuant Corporation in the 2nd quarter worth $11,155,000. Finally, Kennedy Capital Management Inc. purchased a new position in shares of Actuant Corporation in the 2nd quarter worth $8,711,000.
Actuant Corporation Company Profile
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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