Actuant (NASDAQ:EPAC) Releases Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Actuant (NASDAQ:EPAC) released its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.17), Briefing.com reports. The firm had revenue of $101.90 million for the quarter, compared to the consensus estimate of $125.85 million. The company’s revenue for the quarter was down 42.8% compared to the same quarter last year.

NASDAQ EPAC opened at $16.64 on Friday. Actuant has a 12-month low of $13.28 and a 12-month high of $27.94. The firm has a 50-day moving average price of $17.26 and a two-hundred day moving average price of $20.58.

A number of research analysts recently commented on the stock. Wells Fargo & Co decreased their price target on shares of Actuant from $25.00 to $19.50 and set an “equal weight” rating on the stock in a research note on Monday, March 16th. G.Research upgraded shares of Actuant from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Royal Bank of Canada reiterated a “hold” rating on shares of Actuant in a research note on Wednesday, March 18th. Stifel Nicolaus decreased their price target on shares of Actuant from $24.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, March 20th. Finally, Gabelli upgraded shares of Actuant from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $24.13.

Actuant Company Profile

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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Earnings History for Actuant (NASDAQ:EPAC)

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