Enerpac Tool Group Corp. (EPAC) to Issue Quarterly Dividend of $0.04 on October 17th

Enerpac Tool Group Corp. (NYSE:EPAC) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Stockholders of record on Tuesday, October 7th will be paid a dividend of 0.04 per share on Friday, October 17th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, October 7th.

Enerpac Tool Group has a dividend payout ratio of 2.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Enerpac Tool Group to earn $2.09 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 1.9%.

Enerpac Tool Group Price Performance

Shares of Enerpac Tool Group stock opened at $41.33 on Friday. Enerpac Tool Group has a 52-week low of $36.51 and a 52-week high of $51.91. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 25.36 and a beta of 1.12. The company has a fifty day moving average of $41.34 and a 200-day moving average of $41.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90.

Wall Street Analysts Forecast Growth

EPAC has been the topic of a number of recent analyst reports. Roth Capital initiated coverage on shares of Enerpac Tool Group in a report on Friday, September 5th. They issued a “buy” rating and a $48.00 price target on the stock. Zacks Research raised shares of Enerpac Tool Group to a “hold” rating in a research note on Monday, September 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enerpac Tool Group in a research note on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of Enerpac Tool Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.50.

About Enerpac Tool Group

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.