Market Overview

What's Coming For Actuant?

Share:

Shares of Actuant Corporation (NYSE: ATU) are down on Tuesday afternoon, in anticipation of the announcement of the company’s third quarter financial results, scheduled for Wednesday morning, before the market opens.

As seen in the chart above, Actuant’s earnings respond to somewhat of a cycle: they peak in the third quarter each year, and then fall in the three that follow, before recuperating in the next third quarter.

Expectations point toward a year-over-year decline in earnings of approximately 15 percent from last year’s $0.63 per share on sales of $378.2 million. For the current quarter, management guided earnings of $0.54 per share on revenue of $320 million.

According to Estimize, the Street is more bearish and anticipates earnings of $0.53 per share on revenue of $324.47 million. It is, however, the crowd that is most bearish, as it projects earnings of $0.52 per share on revenue of $322.85 million.

The Peltz Issue

In a recent report, RBC Capital Markets analyst Deane Dray said that Nelson Peltz’s Trian Partners might be considering Actuant as a target for activist involvement.

The expert noted that the company’s stock trades at a remarkable sum-of-the-parts valuation discount and even if Peltz doesn't become involved, other activist peers could.

Posted-In: Deane Dray Estimize Nelson Peltz RBC Capital MarketsAnalyst Color Hedge Funds Previews Trading Ideas

 

Related Articles (ATU)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
AZPNMaintains126.0
NOWMaintains270.0
MSFTMaintains143.0
NVSUpgrades
LRCXMaintains236.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Why Kroger's 'Biggest Issue' Is Wal-Mart

Lumber Liquidators Showing Some Technical Signs Of A Rebound