News articles about Actuant Corporation (NYSE:ATU) have trended somewhat positive on Saturday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Actuant Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 46.2943471072983 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Actuant Corporation Forecasted to Post FY2019 Earnings of $1.45 Per Share (ATU) (americanbankingnews.com)
- Actuant Corporation (ATU) Set to Announce Earnings on Wednesday (americanbankingnews.com)
- Actuant Corporation (ATU) PT Raised to $29.00 (americanbankingnews.com)
- ACTUANT CORP : Change in Directors or Principal Officers (form 8-K) (4-traders.com)
- Actuant Corporation (ATU) Expected to Post Earnings of $0.21 Per Share (americanbankingnews.com)
A number of research firms recently weighed in on ATU. Royal Bank Of Canada restated a “hold” rating and issued a $28.00 price target on shares of Actuant Corporation in a report on Tuesday, June 6th. KeyCorp restated a “buy” rating and issued a $29.00 price target (up previously from $28.00) on shares of Actuant Corporation in a report on Monday, September 18th. Zacks Investment Research cut Actuant Corporation from a “hold” rating to a “sell” rating in a report on Monday, June 12th. Wolfe Research began coverage on Actuant Corporation in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, BidaskClub cut Actuant Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $26.44.
Shares of Actuant Corporation (NYSE:ATU) traded up 0.37% during midday trading on Friday, reaching $26.85. The company’s stock had a trading volume of 400,309 shares. Actuant Corporation has a 12 month low of $20.54 and a 12 month high of $29.80. The stock’s 50 day moving average is $24.07 and its 200 day moving average is $25.26. The stock has a market capitalization of $1.60 billion, a PE ratio of 31.96 and a beta of 1.61.
Actuant Corporation (NYSE:ATU) last posted its quarterly earnings data on Wednesday, June 21st. The industrial products company reported $0.32 earnings per share for the quarter, topping the 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 firm had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $294.00 million. During the same period in the previous year, the company posted $0.40 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts forecast that Actuant Corporation will post $0.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders 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 dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, September 28th. Actuant Corporation’s dividend payout ratio is currently 4.88%.
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Actuant Corporation Company Profile
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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