Revenue Update on Actuant Corporation(NYSE:ATU)

Actuant Corporation(NYSE:ATU) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Jun 22, 2016. Company reported revenue of $305.34M. Analysts estimated a revenue of $294.22M. Earnings per share were $0.40. Analysts had estimated an EPS of $0.37.

In a different note, Topeka Capital said it Initiates Coverage on Actuant Corporation, according to a research note issued on May 26, 2016. The shares have been rated ‘Hold’ by the firm. BMO Capital said it Initiates Coverage on Actuant Corporation, according to a research note issued on Apr 5, 2016. The shares have been rated ‘Market Perform’ by the firm.

Actuant Corporation (ATU) shares turned negative on Mondays trading session with the shares closing down -1.1 points or -4.82% at a volume of 9,34,976. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.5. The peak price level was also seen at $22.5 while the days lowest was $21.67. Finally the shares closed at $21.7. The 52-week high of the shares is $27.71 while the 52-week low is $17.02. According to the latest information available, the market cap of the company is $1,278 M.

Several Insider Transactions has been reported to the SEC. On Apr 6, 2016, Eugene Edward Skogg (EVP-Human Resources) purchased 10,000 shares at $24.46 per share price.Also, On Apr 6, 2016, Randal W Baker (CEO) purchased 4,061 shares at $24.63 per share price.On Apr 6, 2016, Mark Sefcik (Exec VP Industrial Segment) purchased 6,500 shares at $24.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Actuant Corporation is a global diversified company that designs manufactures and distributes a range of industrial products and systems to various end markets. The Company is organized into three operating segments: Industrial Energy and Engineered Solutions. The Industrial segment is involved in the design manufacture and distribution of branded hydraulic and mechanical tools to the maintenance industrial infrastructure and production automation markets. The Energy segment provides joint integrity products and services customized offshore vessel mooring solutions as well as rope and cable solutions to the global oil & gas power generation and other energy markets. The Engineered Solutions segment provides highly engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets as well as a variety of other products to the industrial and agricultural markets.

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