Actuant Corp Second Quarter Earnings Sneak Peek

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Actuant Corp (NYSE:ATU) will unveil its latest earnings on Wednesday, March 21, 2012. Actuant is a global manufacturer and marketer of a range of industrial products and systems.

Actuant Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 37 cents per share, a rise of 23.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 36 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 37 cents during the last month. Analysts are projecting profit to rise by 19.6% compared to last year’s $2.01.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 50 cents per share versus a mean estimate of profit of 43 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 11.4% in revenue from the year-earlier quarter to $368.5 million.

Analyst Ratings: Of the 12 analysts surveyed, eight (66.7%) rate Actuant a buy. This falls short of the analyst rating of seven competitors, which average 78.4% buy ratings.

A Look Back: In the first quarter, profit rose 43.6% to $37.2 million (50 cents a share) from $25.9 million (35 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 23.4% to $392.8 million from $318.4 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 32.8%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 78.1% from the year earlier quarter.

Stock Price Performance: Between December 16, 2011 and March 15, 2012, the stock price rose $8.80 (42.8%), from $20.57 to $29.37. The stock price saw one of its best stretches over the last year between January 31, 2012 and February 7, 2012, when shares rose for six straight days, increasing 8.8% (+$2.22) 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.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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