Actuant Corporation (NASDAQ:EPAC) – Analysts at G.Research dropped their FY2021 earnings per share estimates for shares of Actuant in a research note issued to investors on Friday, June 26th. G.Research analyst J. Bergner now expects that the company will post earnings per share of $0.75 for the year, down from their prior forecast of $0.85. G.Research currently 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 issued its earnings results on Thursday, June 25th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.17). The company had revenue of $101.90 million for the quarter, compared to the consensus estimate of $125.85 million. The business’s revenue was down 42.8% on a year-over-year basis.
Several other research firms also recently weighed in on EPAC. Gabelli upgraded shares of Actuant from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. Zacks Investment Research downgraded shares of Actuant from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research report on Monday. Stifel Nicolaus decreased their price objective on shares of Actuant from $24.00 to $22.00 and set a “hold” rating on the stock in a research 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 on the stock in a research report on Monday, March 16th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Actuant in a research report on Wednesday, March 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $21.38.
EPAC opened at $16.70 on Monday. Actuant has a 1-year low of $13.28 and a 1-year high of $27.94. The firm’s 50 day simple moving average is $17.32 and its two-hundred day simple moving average is $20.42.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Hong Kong Ltd purchased a new position in Actuant during the fourth quarter valued at $46,000. Ladenburg Thalmann Financial Services Inc. purchased a new position in Actuant during the fourth quarter valued at $63,000. UBS Group AG purchased a new position in Actuant during the fourth quarter valued at $120,000. PNC Financial Services Group Inc. purchased a new position in Actuant during the fourth quarter valued at $198,000. Finally, ProShare Advisors LLC purchased a new position in Actuant during the fourth quarter valued at $233,000.
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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