Wednesday, June 22, 2016

Actuant Updates FY16 Guidance; Expects Lower Level Of Activity In Q4

Actuant Corp. (ATU) announced, for the full year, sales are expected to be approximately $1.150 billion and adjusted EPS in the range of $1.20-1.25. In March, the company projected its full year sales to be in the range of $1.135-1.150 billion and EPS of $1.25-1.35. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.25 on revenue of $1.14 billion. Analysts' estimates typically exclude special items.

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