Actuant Corp Fourth Quarter Earnings Sneak Peek

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Actuant Corporation (NYSE:ATU) will unveil its latest earnings on Thursday, September 27, 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 net income of 54 cents per share, a rise of 8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $2.07 per share, a rise of 23.2% 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 net income of 60 cents per share against a mean estimate of profit of 59 cents per share.

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Stock Price Performance: Between June 27, 2012 and September 21, 2012, the stock price rose $5.28 (20.5%), from $25.81 to $31.09. 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.

A Look Back: In the third quarter, profit fell 5.4% to $34.4 million (45 cents a share) from $36.4 million (49 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 9.3% to $429.2 million from $392.8 million.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.77 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. The company regressed in this liquidity measure from 1.91 in the second quarter to the last quarter driven in part by an increase in liabilities. Current liabilities increased 8.7% to $325.8 million while assets rose 0.3% to $575.3 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 78.1% in the fourth quarter of the last fiscal year, 23.4% in the first quarter and 14.3% in the second quarter before increasing again in the third quarter.

Analyst Ratings: There are eight out of 13 analysts surveyed (61.5%) rating Actuant a buy.

Wall St. Revenue Expectations: Analysts predict a rise of 1.6% in revenue from the year-earlier quarter to $410 million.

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

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