Actuant Corp First Quarter Earnings Sneak Peek

Actuant Corporation (NYSE:ATU) will unveil its latest earnings on Wednesday, December 19, 2012. Actuant is a global manufacturer and marketer of a range of industrial products and systems.

Actuant Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 50 cents per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 53 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 50 cents during the last month. For the year, analysts are projecting net income of $2.27 per share, a rise of 9.1% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting profit of 55 cents per share against a mean estimate of net income of 54 cents per share.

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A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $16.5 million (22 cents a share) from a profit of $41.4 million (55 cents) a year earlier, but beat analyst expectations. Revenue rose 0.5% to $405.3 million from $403.4 million.

Stock Price Performance: From November 14, 2012 to December 13, 2012, the stock price rose $3.18 (12.4%), from $25.71 to $28.89. The stock price saw one of its best stretches over the last year between August 30, 2012 and September 7, 2012, when shares rose for six straight days, increasing 7.2% (+$2.01) over that span. It saw one of its worst periods between February 24, 2012 and March 6, 2012 when shares fell for eight straight days, dropping 5.5% (-$1.57) over that span.

Analyst Ratings: There are eight out of 11 analysts surveyed (72.7%) rating Actuant a buy.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 23.4% in the first quarter of the last fiscal year, 14.3% in the second quarter of the last fiscal year and 9.3% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Wall St. Revenue Expectations: Analysts predict a rise of 0.9% in revenue from the year-earlier quarter to $396.4 million.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.76 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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