Actuant (NYSE:ATU) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.10-0.15 for the period, compared to the Thomson Reuters consensus estimate of $0.21. The company issued revenue guidance of $265-275 million, compared to the consensus revenue estimate of $265.84 million.Actuant also updated its FY18 guidance to $1.05-1.15 EPS.
Several brokerages recently issued reports on ATU. Zacks Investment Research lowered shares of Actuant from a buy rating to a hold rating in a research report on Friday, December 22nd. Robert W. Baird upped their target price on shares of Actuant from $26.00 to $27.00 and gave the stock an outperform rating in a research report on Thursday, September 28th. KeyCorp reissued a buy rating and issued a $29.00 price target (up from $28.00) on shares of Actuant in a research note on Monday, September 18th. SunTrust Banks reissued a hold rating and issued a $23.00 price target on shares of Actuant in a research note on Monday, October 2nd. Finally, BMO Capital Markets reissued a market perform rating and issued a $25.00 price target (up from $23.00) on shares of Actuant in a research note on Saturday, September 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $25.11.
Shares of Actuant (ATU) traded up $0.65 during trading hours on Thursday, hitting $25.60. 296,530 shares of the stock traded hands, compared to its average volume of 425,341. The company has a market capitalization of $1,490.00, a P/E ratio of -23.06, a price-to-earnings-growth ratio of 2.56 and a beta of 1.64. The company has a current ratio of 1.80, a quick ratio of 1.35 and a debt-to-equity ratio of 1.02. Actuant has a 52-week low of $21.60 and a 52-week high of $29.17.
In related news, VP Ted Wozniak sold 6,000 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $25.66, for a total value of $153,960.00. Following the completion of the transaction, the vice president now directly owns 70,705 shares of the company’s stock, valued at $1,814,290.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by corporate insiders.
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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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