Actuant Corporation (ATU) Analysts See $0.17 EPS

December 12, 2017 - By Adrian Erickson

 Actuant Corporation (ATU) Analysts See $0.17 EPS
Investors sentiment increased to 1.72 in 2017 Q2. Its up 0.62, from 1.1 in 2017Q1. It is positive, as 15 investors sold Actuant Corporation shares while 38 reduced holdings. 24 funds opened positions while 67 raised stakes. 64.72 million shares or 0.91% more from 64.14 million shares in 2017Q1 were reported.
Sector Pension Inv Board holds 30,529 shares or 0.01% of its portfolio. State Common Retirement Fund holds 62,900 shares. Cramer Rosenthal Mcglynn Ltd has invested 0.77% in Actuant Corporation (NYSE:ATU). Oppenheimer Asset Mngmt owns 11,854 shares. Pacad Investment Limited holds 0.02% of its portfolio in Actuant Corporation (NYSE:ATU) for 5,080 shares. Victory Capital Mgmt has 0.07% invested in Actuant Corporation (NYSE:ATU). Brinker Cap holds 13,506 shares. Invesco Ltd holds 0% of its portfolio in Actuant Corporation (NYSE:ATU) for 125,332 shares. Citigroup holds 0% in Actuant Corporation (NYSE:ATU) or 44,216 shares. Alliancebernstein Limited Partnership owns 80,244 shares for 0% of their portfolio. Boothbay Fund Management Ltd Liability owns 27,337 shares or 0.14% of their US portfolio. Susquehanna Grp Llp stated it has 0% of its portfolio in Actuant Corporation (NYSE:ATU). Peak6 Invests Limited Partnership reported 13,695 shares. Mondrian Inv Ptnrs Ltd holds 0.99% of its portfolio in Actuant Corporation (NYSE:ATU) for 1.40 million shares. Federated Investors Pa invested in 6,103 shares or 0% of the stock.

Analysts expect Actuant Corporation (NYSE:ATU) to report $0.17 EPS on December, 20.They anticipate $0.03 EPS change or 15.00 % from last quarter’s $0.2 EPS. ATU’s profit would be $10.19M giving it 38.24 P/E if the $0.17 EPS is correct. After having $0.19 EPS previously, Actuant Corporation’s analysts see -10.53 % EPS growth. The stock decreased 1.14% or $0.3 during the last trading session, reaching $26. About 232,071 shares traded. Actuant Corporation (NYSE:ATU) has risen 0.16% since December 12, 2016 and is uptrending. It has underperformed by 16.54% the S&P500.

Actuant Corporation (NYSE:ATU) Ratings Coverage

Among 18 analysts covering Actuant (NYSE:ATU), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Actuant has $30 highest and $0.50 lowest target. $22.55’s average target is -13.27% below currents $26 stock price. Actuant had 42 analyst reports since August 26, 2015 according to SRatingsIntel. RBC Capital Markets downgraded Actuant Corporation (NYSE:ATU) on Friday, January 13 to “Sector Perform” rating. The rating was upgraded by Barclays Capital to “Equal Weight” on Thursday, June 22. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, June 23. The rating was maintained by BMO Capital Markets on Friday, August 18 with “Market Perform”. The company was initiated on Tuesday, April 5 by BMO Capital Markets. The company was maintained on Monday, September 18 by KeyBanc Capital Markets. The rating was initiated by Suntrust Robinson on Tuesday, November 3 with “Buy”. The rating was maintained by RBC Capital Markets with “Hold” on Friday, March 24. Gabelli downgraded Actuant Corporation (NYSE:ATU) on Tuesday, March 15 to “Hold” rating. The rating was maintained by RBC Capital Markets on Monday, June 5 with “Hold”.

Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. The company has market cap of $1.56 billion. It operates through three divisions: Industrial, Energy, and Engineered Solutions. It currently has negative earnings. The 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 under the Enerpac, Simplex, Precision-Hayes, Milwaukee Cylinder, and Larzep brand names.

More notable recent Actuant Corporation (NYSE:ATU) news were published by: Businesswire.com which released: “Actuant Signs Agreements to Divest Viking SeaTech and Acquire Mirage Machines …” on August 16, 2017, also Businesswire.com with their article: “Actuant Announces Executive Leadership Changes” published on September 08, 2017, Businesswire.com published: “Actuant Corporate Development Announcement” on October 26, 2017. More interesting news about Actuant Corporation (NYSE:ATU) were released by: Jsonline.com and their article: “Actuant Corp. reports quarterly loss and weak sales in its energy business” published on September 27, 2017 as well as Twst.com‘s news article titled: “Actuant Corporation: Actuant Completes Viking SeaTech Divestiture and Mirage …” with publication date: December 01, 2017.

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