Actuant Corp Third Quarter Earnings Sneak Peek

Actuant Corp (NYSE:ATU) will unveil its latest earnings on Thursday, June 16, 2011. Actuant Corporation is a global manufacturer and marketer of a range of industrial products and systems. The Company is organized into four operating and reportable segments as follows: Industrial, Energy, Electrical and Engineered Solutions.

Actuant Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst is estimating net income of 46 cents per share, a rise of 43.8% from the same quarter a year ago. Estimates range from profit of 43 cents per share to net income of 47 cents per share. The consensus estimate is the same as three months ago. For the year, analysts are projecting profit of $1.58 per share, a rise of 46.3% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after beating the forecasts in the prior two. In the second quarter of the last fiscal year, the company reported net income of 30 cents per share versus a mean estimate of profit of 34 cents per share. In the first quarter, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $379.1 million in revenue this quarter, a rise of 13.3% from the year ago quarter. Analysts are forecasting total revenue of $1.41 billion for the year, from last year’s revenue of $1.24 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy and none rating it as a sell.

Key Stats:

The company’s revenue has now risen for two straight quarters. In second quarter of the last fiscal year, revenue increased 4.3% to $330.7 million from the year earlier quarter.

The company increased its gross margin by 3.2 percentage points in the last quarter. Revenue rose 12.4% while cost of sales rose 6.8% to $205.7 million from a year earlier.

Competitors to Watch: Parker-Hannifin Corp. (NYSE:PH), Crane Co. (NYSE:CR), Omega Flex, Inc. (NASDAQ:OFLX), Sun Hydraulics Corporation (NASDAQ:SNHY), General Electric (NYSE:GE) and Danaher Corporation (NYSE:DHR).

Recent Price Movement: Over the past three months, the stock price has fallen $4.60 (-17%) from $27.33 on March 16, 2011 to $22.73 on June 13, 2011.

(Sources: YahooFinance and Xignite Financials)

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