Enerpac Tool Group (NYSE:EPAC) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Enerpac Tool Group (NYSE:EPAC) announced its quarterly earnings results on Tuesday. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11, Zacks reports. Enerpac Tool Group had a net margin of 13.69% and a return on equity of 22.25%.

Enerpac Tool Group Stock Performance

Enerpac Tool Group stock traded down $0.84 during midday trading on Tuesday, reaching $34.37. 474,640 shares of the company traded hands, compared to its average volume of 414,523. Enerpac Tool Group has a 12 month low of $32.35 and a 12 month high of $45.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.56 and a quick ratio of 1.88. The business has a 50 day moving average of $34.86 and a two-hundred day moving average of $37.46. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 21.48 and a beta of 0.85.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Weiss Ratings lowered Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.00.

Institutional Investors Weigh In On Enerpac Tool Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Danske Bank A S purchased a new position in Enerpac Tool Group during the third quarter valued at approximately $45,000. Kemnay Advisory Services Inc. bought a new stake in shares of Enerpac Tool Group during the 4th quarter valued at $47,000. Advisory Services Network LLC bought a new stake in shares of Enerpac Tool Group during the 3rd quarter valued at $61,000. State of Wyoming lifted its stake in shares of Enerpac Tool Group by 95.4% during the 2nd quarter. State of Wyoming now owns 2,694 shares of the company’s stock valued at $109,000 after buying an additional 1,315 shares in the last quarter. Finally, Aristides Capital LLC bought a new position in Enerpac Tool Group in the 4th quarter worth $204,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Enerpac Tool Group Company Profile

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.