Somewhat Positive Press Coverage Somewhat Unlikely to Impact Actuant Corporation (ATU) Stock Price
Headlines about Actuant Corporation (NYSE:ATU) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Actuant Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.481232842183 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Wolfe Research Starts Coverage on Actuant Corporation (ATU) With A Rating Of “Peer Perform” (highlightpress.com)
- ACTUANT CORPORATION (NYSE:ATU) Files An 8-K Costs Associated with Exit or Disposal Activities (4-traders.com)
- Actuant To Divest Viking SeaTech And Acquire Mirage Machines (nasdaq.com)
- ACTUANT CORP : Costs Associated with Exit or Disposal Activities (form 8-K) (4-traders.com)
- BidaskClub Downgrades Actuant Corporation (ATU) to Strong Sell (americanbankingnews.com)
Shares of Actuant Corporation (NYSE ATU) traded down 1.29% on Friday, reaching $23.00. 376,685 shares of the company were exchanged. The company’s 50-day moving average is $24.14 and its 200-day moving average is $25.68. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 27.38 and a beta of 1.61. Actuant Corporation has a 52 week low of $20.54 and a 52 week high of $29.80.
Actuant Corporation (NYSE:ATU) last issued its earnings results on Wednesday, June 21st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Actuant Corporation had a net margin of 4.56% and a return on equity of 10.58%. The company had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $294 million. During the same period in the prior year, the business earned $0.40 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. On average, equities analysts expect that Actuant Corporation will post $0.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, September 28th. Actuant Corporation’s payout ratio is 4.88%.
A number of equities research analysts have recently weighed in on ATU shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $28.00 target price on shares of Actuant Corporation in a research note on Tuesday, June 6th. Zacks Investment Research lowered shares of Actuant Corporation from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. J P Morgan Chase & Co raised shares of Actuant Corporation from an “underweight” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $21.00 in a research report on Wednesday, June 21st. Barclays PLC raised shares of Actuant Corporation from an “underweight” rating to an “equal weight” rating and set a $20.00 price target for the company in a research report on Thursday, June 22nd. Finally, Stifel Nicolaus lowered their price target on shares of Actuant Corporation from $28.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $26.78.
About Actuant Corporation
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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