Today: Today, Analysts Set Expectations for Actuant Corp.’s Q2 2017 Earnings (ATU)

Today, Analysts Set Expectations for Actuant Corp.’s Q2 2017 Earnings (ATU)

Actuant Corp. (NYSE:ATU) – SunTrust Banks decreased their Q2 2017 EPS estimates for shares of Actuant Corp. in a research note issued to investors on Monday. SunTrust Banks analyst C. Brady now forecasts that the brokerage will earn $0.14 per share for the quarter, down from their previous estimate of $0.15. SunTrust Banks also issued estimates for Actuant Corp.’s Q3 2017 earnings at $0.39 EPS, Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $0.97 EPS, Q1 2018 earnings at $0.22 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.47 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.28 EPS.

Actuant Corp. (NYSE:ATU) last released its earnings results on Wednesday, September 28th. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The company earned $275.77 million during the quarter. Actuant Corp. had a positive return on equity of 13.22% and a negative net margin of 9.15%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS.

A number of other analysts have also recently commented on the company. Wells Fargo & Co. reiterated an “outperform” rating on shares of Actuant Corp. in a research report on Friday, June 24th. Zacks Investment Research upgraded Actuant Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Barclays PLC restated an “equal weight” rating and issued a $20.00 price target on shares of Actuant Corp. in a research report on Tuesday, July 12th. TheStreet cut Actuant Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Finally, JPMorgan Chase & Co. cut Actuant Corp. from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $25.00 to $20.00 in a research report on Wednesday, June 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Actuant Corp. presently has an average rating of “Hold” and a consensus target price of $23.67.

Actuant Corp. (NYSE:ATU) traded up 0.40% during mid-day trading on Tuesday, reaching $22.36. The company had a trading volume of 227,622 shares. The company’s market capitalization is $1.32 billion. Actuant Corp. has a 1-year low of $20.49 and a 1-year high of $27.71. The firm has a 50-day moving average of $22.89 and a 200 day moving average of $24.42.

In other news, CEO Randal W. Baker purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, October 13th. The stock was bought at an average cost of $22.30 per share, with a total value of $334,500.00. Following the completion of the purchase, the chief executive officer now owns 94,376 shares in the company, valued at $2,104,584.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Randal W. Baker purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 11th. The shares were purchased at an average cost of $22.55 per share, with a total value of $225,500.00. Following the completion of the purchase, the chief executive officer now owns 79,376 shares of the company’s stock, valued at approximately $1,789,928.80. The disclosure for this purchase can be found here. Corporate insiders own 3.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Contravisory Investment Management Inc. purchased a new position in shares of Actuant Corp. during the second quarter worth approximately $122,000. BNP Paribas Arbitrage SA raised its position in shares of Actuant Corp. by 92.1% in the second quarter. BNP Paribas Arbitrage SA now owns 20,051 shares of the company’s stock worth $453,000 after buying an additional 9,613 shares during the last quarter. Boothbay Fund Management LLC raised its position in shares of Actuant Corp. by 53.5% in the first quarter. Boothbay Fund Management LLC now owns 21,612 shares of the company’s stock worth $534,000 after buying an additional 7,530 shares during the last quarter. First Republic Investment Management Inc. purchased a new position in shares of Actuant Corp. during the first quarter worth approximately $546,000. Finally, Invictus RG raised its position in shares of Actuant Corp. by 45.1% in the first quarter. Invictus RG now owns 18,844 shares of the company’s stock worth $466,000 after buying an additional 5,855 shares during the last quarter.

Actuant Corp. Company Profile

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