Equities analysts expect Actuant Co. (NYSE:ATU) to announce sales of $168.71 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Actuant’s earnings, with the highest sales estimate coming in at $169.03 million and the lowest estimate coming in at $168.00 million. Actuant reported sales of $301.40 million during the same quarter last year, which suggests a negative year over year growth rate of 44%. The company is expected to issue 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 financial year, with estimates ranging from $664.43 million to $665.46 million. For the next financial year, analysts anticipate that the business will post sales of $681.76 million, with estimates ranging from $675.17 million to $685.05 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Actuant.

Actuant (NYSE:ATU) last issued its quarterly earnings data 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. The business had revenue of $295.30 million during the quarter, compared to the consensus estimate of $301.21 million. Actuant had a negative net margin of 1.72% and a positive return on equity of 13.89%. The company’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS.

ATU has been the topic of a number of recent research reports. GMP Securities reaffirmed a “buy” rating and issued a $0.75 target price on shares of Actuant in a report on Wednesday, May 8th. Robert W. Baird set a $25.00 target price on shares of Actuant and gave the company a “buy” rating in a report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.96.

Shares of Actuant stock traded down $0.07 during trading on Friday, reaching $21.10. The company’s stock had a trading volume of 309,800 shares, compared to its average volume of 258,826. The stock has a 50-day moving average price of $22.78. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.35 and a beta of 1.65. Actuant has a fifty-two week low of $19.07 and a fifty-two week high of $31.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.92 and a current ratio of 2.64.

The company also recently disclosed an annual dividend, which will be paid on Monday, October 14th. Shareholders of record on Friday, September 27th will be paid a $0.04 dividend. The ex-dividend date is Thursday, September 26th. This represents a yield of 0.17%. Actuant’s dividend payout ratio is currently 3.67%.

A number of institutional investors and hedge funds have recently made changes to their positions in ATU. Norges Bank acquired a new position in Actuant in the 4th quarter valued at $23,263,000. Nuveen Asset Management LLC purchased a new stake in shares of Actuant during the 2nd quarter worth $6,225,000. Clarkston Capital Partners LLC boosted its position in shares of Actuant by 6.6% during 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. Raymond James & Associates boosted its position in shares of Actuant by 21.0% during the 1st quarter. Raymond James & Associates now owns 605,047 shares of the industrial products company’s stock worth $14,745,000 after purchasing an additional 104,848 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Actuant by 40.5% during the 2nd quarter. Morgan Stanley now owns 328,579 shares of the industrial products company’s stock worth $8,152,000 after purchasing an additional 94,707 shares in the last quarter.

About Actuant

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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