Actuant Corporation (ATU) reported quarterly earnings results on Wednesday, Jun-22-2016. The company said it had a profit of $0.40 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.37. The company posted revenue of $305.30 million in the period, compared to analysts expectations of $294.21 million. The company’s revenue was down -4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
Many Wall Street Analysts have commented on Actuant Corporation. Topeka Capital Markets Initiated Actuant Corporation on May 26, 2016 to “Hold”, Price Target of the shares are set at $26.
Actuant Corporation opened for trading at $26.73 and hit $27.71 on the upside on Monday, eventually ending the session at $27.26, with a gain of 3.73% or 0.98 points. The heightened volatility saw the trading volume jump to 9,10,152 shares. Company has a market cap of $1,605 M.
In a different news, on Apr 6, 2016, Eugene Edward Skogg (EVP-Human Resources) purchased 10,000 shares at $24.46 per share price. According to the SEC, on Apr 6, 2016, Randal W Baker (CEO) purchased 4,061 shares at $24.63 per share price. On Apr 6, 2016, Mark Sefcik (Exec VP Industrial Segment) purchased 6,500 shares at $24.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Actuant Corporation is a global diversified company that designs manufactures and distributes a range of industrial products and systems to various end markets. The Company is organized into three operating segments: Industrial Energy and Engineered Solutions. The Industrial segment is involved in the design manufacture and distribution of branded hydraulic and mechanical tools to the maintenance industrial infrastructure and production automation markets. The Energy segment provides joint integrity products and services customized offshore vessel mooring solutions as well as rope and cable solutions to the global oil & gas power generation and other energy markets. The Engineered Solutions segment provides highly engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets as well as a variety of other products to the industrial and agricultural markets.