Enerpac Tool Group Corp. (NYSE:EPAC) Expected to Post Earnings of $0.12 Per Share


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Analysts expect that Enerpac Tool Group Corp. (NYSE:EPAC) will report earnings of $0.12 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Enerpac Tool Group’s earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.11. Enerpac Tool Group posted earnings of $0.09 per share in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The firm is expected to announce its next earnings report on Thursday, March 18th.

On average, analysts expect that Enerpac Tool Group will report full year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.47 to $0.57. For the next year, analysts expect that the company will post earnings of $0.79 per share, with EPS estimates ranging from $0.70 to $0.84. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Enerpac Tool Group.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings data on Sunday, December 20th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The company had revenue of $119.43 million for the quarter, compared to analyst estimates of $121.71 million. Enerpac Tool Group had a net margin of 0.69% and a return on equity of 2.31%.

Several equities research analysts have commented on EPAC shares. ValuEngine upgraded Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 11th. G.Research lowered shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 23rd. BidaskClub downgraded Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Thursday, December 17th. Gabelli lowered Enerpac Tool Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 23rd. Finally, TheStreet raised Enerpac Tool Group from a “d+” rating to a “c” rating in a research report on Monday, November 16th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $20.38.

Enerpac Tool Group stock traded down $0.80 during midday trading on Wednesday, reaching $22.98. The stock had a trading volume of 214,037 shares, compared to its average volume of 328,088. The stock’s 50-day simple moving average is $22.60 and its 200 day simple moving average is $21.08. Enerpac Tool Group has a twelve month low of $13.28 and a twelve month high of $25.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.58 and a current ratio of 3.26. The stock has a market capitalization of $1.38 billion, a PE ratio of 383.06 and a beta of 1.40.

Hedge funds have recently bought and sold shares of the business. Cim Investment Mangement Inc. purchased a new position in shares of Enerpac Tool Group during the 3rd quarter valued at approximately $240,000. Handelsbanken Fonder AB acquired a new position in Enerpac Tool Group during the 2nd quarter worth $242,000. Tudor Investment Corp Et Al bought a new stake in shares of Enerpac Tool Group in the 2nd quarter worth about $419,000. AlphaCrest Capital Management LLC bought a new stake in shares of Enerpac Tool Group in the 3rd quarter worth about $469,000. Finally, Jefferies Group LLC acquired a new stake in shares of Enerpac Tool Group in the 3rd quarter valued at about $816,000. Institutional investors own 80.14% of the company’s stock.

Enerpac Tool Group Company Profile

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Other. The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets.

See Also: Return on Equity (ROE)

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