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Actuant (ATU) Stock Looks Bullish on Robust Q1 Earnings
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On Dec 23, 2016, we issued an updated research report on Actuant Corporation .
Existing Scenario
At the moment, Actuant’s stock is a good catch for your portfolio. Over the last 30 days, the Zacks Rank #2 (Buy) stock recorded a return of 4.62%, as against the negative return of 1.32% provided by the Zacks categorized Machine-Tools & Related Products industry.
Over the last seven days, the Zacks Consensus Estimate for the stock moved north 7.6% for fiscal 2017.
The company recently reported its first-quarter fiscal 2017 earnings (ended Nov 30, 2016). The quarterly bottom-line figure surpassed the Zacks Consensus Estimate by 17.6%. Notably, the fiscal 2017 earnings guidance has been raised from $1.00–$1.20 to $1.10–$1.30 per share.
Actuant is currently poised to grow on the back of diligent restructuring moves and meaningful acquisitions. In sync with this strategy, the company had divested its Sanlo product line in fourth-quarter fiscal 2016. It also deployed $65 million for a tuck-in acquisition, through which the company has invested capital in a pipeline & process services project in the Middle East region, for fortifying its acquired Hydratight business.
The company’s cost-saving initiatives are likely to boost profitability, in the quarters ahead. It also intends to fund new capital deployment programs with its free cash flow.
Key Picks
Other favorably placed stocks from the same space are ACCO Brands Corp. (ACCO - Free Report) , Applied Industrial Technologies, Inc. (AIT - Free Report) and Alarm.Com Holdings, Inc. (ALRM - Free Report) .
ACCO Brands posted an average positive earnings surprise of 23.93%, over the four trailing quarters. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Applied Industrial Technologies currently carries a Zacks Rank #2. It posted an average positive earnings surprise of 4.93%, over the last four quarters.
Alarm.Com Holdings also carries a Zacks Rank #2. The company delivered an average positive earnings surprise of 165.56%, over the trailing four quarters.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
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Actuant (ATU) Stock Looks Bullish on Robust Q1 Earnings
On Dec 23, 2016, we issued an updated research report on Actuant Corporation .
Existing Scenario
At the moment, Actuant’s stock is a good catch for your portfolio. Over the last 30 days, the Zacks Rank #2 (Buy) stock recorded a return of 4.62%, as against the negative return of 1.32% provided by the Zacks categorized Machine-Tools & Related Products industry.
Over the last seven days, the Zacks Consensus Estimate for the stock moved north 7.6% for fiscal 2017.
The company recently reported its first-quarter fiscal 2017 earnings (ended Nov 30, 2016). The quarterly bottom-line figure surpassed the Zacks Consensus Estimate by 17.6%. Notably, the fiscal 2017 earnings guidance has been raised from $1.00–$1.20 to $1.10–$1.30 per share.
Actuant is currently poised to grow on the back of diligent restructuring moves and meaningful acquisitions. In sync with this strategy, the company had divested its Sanlo product line in fourth-quarter fiscal 2016. It also deployed $65 million for a tuck-in acquisition, through which the company has invested capital in a pipeline & process services project in the Middle East region, for fortifying its acquired Hydratight business.
The company’s cost-saving initiatives are likely to boost profitability, in the quarters ahead. It also intends to fund new capital deployment programs with its free cash flow.
Key Picks
Other favorably placed stocks from the same space are ACCO Brands Corp. (ACCO - Free Report) , Applied Industrial Technologies, Inc. (AIT - Free Report) and Alarm.Com Holdings, Inc. (ALRM - Free Report) .
ACCO Brands posted an average positive earnings surprise of 23.93%, over the four trailing quarters. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Applied Industrial Technologies currently carries a Zacks Rank #2. It posted an average positive earnings surprise of 4.93%, over the last four quarters.
Alarm.Com Holdings also carries a Zacks Rank #2. The company delivered an average positive earnings surprise of 165.56%, over the trailing four quarters.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>