Actuant Corporation (NASDAQ:EPAC) – Research analysts at G.Research lowered their FY2021 EPS estimates for Actuant in a report released on Friday, June 26th. G.Research analyst J. Bergner now expects that the company will post earnings of $0.75 per share for the year, down from their previous estimate of $0.85. G.Research has a “Buy” rating on the stock. G.Research also issued estimates for Actuant’s FY2022 earnings at $1.00 EPS, FY2023 earnings at $1.15 EPS and FY2024 earnings at $1.30 EPS.
Actuant (NASDAQ:EPAC) last released its quarterly earnings results on Thursday, June 25th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.17). The company had revenue of $101.90 million during the quarter, compared to analysts’ expectations of $125.85 million. The company’s revenue for the quarter was down 42.8% compared to the same quarter last year.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Actuant from a “buy” rating to a “hold” rating and set a $18.00 price objective for the company. in a report on Monday. Stifel Nicolaus decreased their price target on shares of Actuant from $24.00 to $22.00 and set a “hold” rating for the company in a report on Friday, March 20th. Wells Fargo & Co decreased their price objective on shares of Actuant from $25.00 to $19.50 and set an “equal weight” rating for the company in a report on Monday, March 16th. Royal Bank of Canada reiterated a “hold” rating on shares of Actuant in a report on Wednesday, March 18th. Finally, Gabelli upgraded shares of Actuant from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Actuant presently has a consensus rating of “Hold” and an average price target of $21.38.
Shares of Actuant stock opened at $17.77 on Monday. The business’s 50 day simple moving average is $17.33 and its 200-day simple moving average is $20.38. Actuant has a twelve month low of $13.28 and a twelve month high of $27.94.
Institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Actuant during the fourth quarter valued at approximately $59,222,000. State Street Corp purchased a new position in Actuant during the fourth quarter valued at approximately $44,752,000. Advisory Research Inc. bought a new stake in shares of Actuant during the 4th quarter valued at $31,797,000. Norges Bank bought a new stake in shares of Actuant during the 4th quarter valued at $29,855,000. Finally, Investment Counselors of Maryland LLC bought a new stake in shares of Actuant during the 4th quarter valued at $20,969,000.
Actuant Corp. is a diversified industrial company, which engages in the designing, manufacturing, and distribution of a broad range of industrial products and systems to various end markets. It operates through the Industrial Tools and Services; and Engineered Components and Systems segments. The Industrial Tools and Services segment supplies both products and services to a broad array of end markets, including industrial, energy, mining and production automation markets.
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