Enerpac Tool Group (NYSE:EPAC) Announces Earnings Results, Meets Expectations

Enerpac Tool Group (NYSE:EPAC) posted its earnings results on Monday. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39, Zacks reports. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%.

Enerpac Tool Group Stock Performance

Shares of Enerpac Tool Group stock traded up $1.28 on Monday, reaching $43.53. The stock had a trading volume of 528,168 shares, compared to its average volume of 312,143. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. The business’s 50-day moving average price is $44.71 and its two-hundred day moving average price is $44.52. The stock has a market cap of $2.37 billion, a P/E ratio of 26.54 and a beta of 1.18. Enerpac Tool Group has a fifty-two week low of $34.47 and a fifty-two week high of $51.91.

Wall Street Analysts Forecast Growth

Separately, CJS Securities started coverage on Enerpac Tool Group in a report on Friday, March 14th. They set an “outperform” rating and a $53.00 price objective on the stock.

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.