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Archive for January, 2011

Posted by MartZee January 10, 2011

ATU Lifts Its Outlook

Actuant Corp. has strung together seven earnings surprises as both the top and bottom lines continue to improve. In addition, a recent acquisition led to a buying frenzy. Those factors have lead to nice upward estimate revisions, pushing shares to a Zacks #1 Rank (Strong Buy).

Actuant is an industrial company that operates in more than 30 countries through a variety of markets. The company offers hydraulic and electrical tools, as well as other related products and services.

Another Surprise
I originally featured Actuant back in October and since then the company has posted yet another earnings surprise, making it seven in a row. The announcement came on December 16 and included EPS of 36 cents, nearly double the 19 cents from a year ago. Analysts were looking for 34 cents.

Revenues for the period were up 34%, to $87.4 million. If you strip out acquisitions, and other adjustments, you still have core growth of roughly 14%. Solid top and bottom line growth? Sounds good to me.

Raising Guidance
One aspect that can go toe-to-toe with EPS when it comes to quarterly reports is ATU’s outlook. In this release the CEO for Actuant raised the outlook thanks to encouraging trends and other favorable variables.

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