• Dec. 21, 2016, 8:02 AM
    • Actuant (NYSE:ATU): FQ1 EPS of $0.20 beats by $0.03.
    • Revenue of $266M (-12.8% Y/Y) misses by $1.83M.
    • Press Release
    Dec. 21, 2016, 8:02 AM
  • Dec. 20, 2016, 5:30 PM
    Dec. 20, 2016, 5:30 PM | 1 Comment
  • Oct. 24, 2016, 6:58 PM
    • 3M (NYSE:MMM) is upgraded to Overweight from Equal Weight and a $194 price target at Barclays, part of the firm's more optimistic outlook in the U.S. multi-industry sector that prompts several stock upgrades.
    • Now is an attractive entry point for the overall group, Barclays believes, based on a view that the negative earnings revision cycle is nearing an end, greater visibility on key end-markets - particularly non-residential construction and general capital spending - and a recovery in emerging markets; $50-plus oil and potential M&A activity helps too, the firm says.
    • Barclays says 3M is the largest emerging market exposed name it covers (at 35% of sales), and it believes an emerging market recovery is taking place, particularly in places where 3M has been hit hard, notably Brazil; also, the recent rally in emerging market currencies will help 3M in an outsized manner.
    • In addition to 3M, Barclays upgrades WABCO Holdings (NYSE:WBC), ITT Industries (NYSE:ITT), Rexnord (NYSE:RXN) and Rockwell Automation (NYSE:ROK) to Overweight from Equal Weight; however, the firm downgrades Actuant (NYSE:ATU) and Terex (NYSE:TEX) to Underweight from Equal Weight.
    Oct. 24, 2016, 6:58 PM
  • Sep. 28, 2016, 2:20 PM
    • Actuant (NYSE:ATUexpects FQ1 sales of $260-$270M and EPS of $0.14 -$0.19 vs. a consensus of $294.95M and EPS of $0.28.
    • The company estimates full year sales in the range of $1.075-$1.125B and EPS of $1.0-$1.2 vs. a consensus of $1.16B and EPS of $1.22.
    • Shares +2.77%
    • Previously: Actuant reports FQ4 results (Sept. 28)
    Sep. 28, 2016, 2:20 PM
  • Sep. 28, 2016, 8:03 AM
    Sep. 28, 2016, 8:03 AM
  • Sep. 27, 2016, 5:30 PM
    Sep. 27, 2016, 5:30 PM | 8 Comments
  • Jul. 19, 2016, 5:04 PM
    • Actuant (NYSE:ATU) declares $0.04/share annual dividend, in line with previous.
    • Forward yield 0.17%
    • Payable Oct. 14; for shareholders of record Sept. 30; ex-div Sept. 28.
    Jul. 19, 2016, 5:04 PM
  • Jun. 22, 2016, 1:21 PM
    • Actuant (NYSE:ATU) expects FQ4 sales of $270-280M and EPS of $0.28 -0.33 vs. consensus of $282.9M and EPS of $0.36.
    • The company now estimates full year revenue of $1.15B and EPS of $1.2-1.25 vs. consensus of $1.14B and $1.25.
    • Shares -5%.
    • Previously: Actuant beats by $0.03, beats on revenue (June 22)
    Jun. 22, 2016, 1:21 PM
  • Jun. 22, 2016, 8:04 AM
    • Actuant (NYSE:ATU): FQ3 EPS of $0.40 beats by $0.03.
    • Revenue of $305.34M (-4.6% Y/Y) beats by $11.11M.
    Jun. 22, 2016, 8:04 AM
  • Jun. 21, 2016, 5:30 PM
  • Mar. 16, 2016, 8:09 AM
    • Actuant (NYSE:ATU): FQ2 EPS of $0.21 beats by $0.03.
    • Revenue of $263.29M (-12.5% Y/Y) misses by $4.35M.
    Mar. 16, 2016, 8:09 AM
  • Mar. 15, 2016, 5:30 PM
    Mar. 15, 2016, 5:30 PM | 1 Comment
  • Dec. 17, 2015, 8:03 AM
    • Actuant (NYSE:ATU): FQ1 EPS of $0.31 beats by $0.07.
    • Revenue of $305M (-6.9% Y/Y) beats by $26.18M.
    Dec. 17, 2015, 8:03 AM
  • Dec. 16, 2015, 5:30 PM
  • Sep. 30, 2015, 8:10 AM
    • Actuant (NYSE:ATU): FQ4 EPS of $0.37 beats by $0.08.
    • Revenue of $300.38M (-15.2% Y/Y) beats by $6.17M.
    Sep. 30, 2015, 8:10 AM
  • Sep. 25, 2015, 11:20 AM
    • Barclays analyst Robert Wertheimer begins coverage of the U.S. machinery sector with a negative view, seeing consensus estimates too high across the board with revenue for the current cycle already peaking for most of the sector.
    • The analyst expects a sharper than expected downturn for North American trucks, with another peak level eight years away; the tractor supercycle is only two years in a downturn, while the prior two supercycles saw seven consecutive down years in machinery sales, Wertheimer says.
    • Of the 15 companies in the firm's sector coverage universe, only two are rated Overweight: United Rentals (URI +1.5%) and Allison Transmission (ALSN +0.4%).
    • Started with Equal Weight ratings: Actuant (ATU -1.2%), AGCO (AGCO +1%), Caterpillar (CAT -1%), Joy Global (JOY -2.9%), Lincoln Electric (LECO -0.8%), Manitowoc (MTW -1.9%), Terex (TEX -0.7%) and WABCO (WBC -1.2%).
    • Rated Underweight: Deere (DE -0.3%), CNH Industrial (CNHI +1.5%), Cummins (CMI -0.8%), PACCAR (PCAR -1%) and Navistar (NAV -2.9%).
    Sep. 25, 2015, 11:20 AM | 15 Comments