Actuant Reports Third Quarter Results; Updates Fiscal 2018 Guidance
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Actuant (ATU) PT Raised to $28 at RBC Capital
June 21, 2018 6:52 AM EDTRBC Capital raised its price target on Actuant (NYSE: ATU) to $28.00 (from $24.00) while maintaining a Sector Perform rating.
Analyst Seth Weber notes positives within ATU's 3Q included strong Industrial tool incrementals and upside Energy and ES operating margin.
Weber was... More
Actuant (ATU) Tops Q3 EPS by 3c, Beats on Revenues; Updated FY18 EPS/Revenue Guidance Above Consensus, Boosts Sales Guidance
June 20, 2018 8:33 AM EDTActuant (NYSE: ATU) reported Q3 EPS of $0.39, $0.03 better than the analyst estimate of $0.36. Revenue for the quarter came in at $317.1 million versus the consensus estimate of $306.48 million.
Highlights
Consolidated sales increased 7% over the comparable prior year quarter with a 4% benefit from foreign currency rate changes and a 1% reduction associated with net acquisitions and divestitures. Third quarter core sales (total sales excluding the impact of acquisitions, divestitures and foreign currency rate changes) increased 4% on a year-over-year basis with strong volumes in both the Engineered Solutions and Industrial segments.GAAP diluted earnings per share... More