Enerpac Tool Group (NYSE:EPAC) Releases Earnings Results, Misses Estimates By $0.01 EPS

Enerpac Tool Group (NYSE:EPAC) released its earnings results on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01), Zacks reports. The business had revenue of $144.21 million for the quarter, compared to analyst estimates of $146.45 million. Enerpac Tool Group had a net margin of 15.03% and a return on equity of 23.54%. During the same quarter in the previous year, the company posted $0.40 earnings per share.

Enerpac Tool Group Price Performance

EPAC stock opened at $39.18 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.74 and a quick ratio of 2.17. The firm has a 50 day simple moving average of $39.57 and a two-hundred day simple moving average of $40.42. Enerpac Tool Group has a one year low of $36.51 and a one year high of $48.37. The stock has a market cap of $2.08 billion, a PE ratio of 22.91 and a beta of 1.00.

Insider Activity at Enerpac Tool Group

In other Enerpac Tool Group news, CEO Paul Sternlieb sold 2,700 shares of Enerpac Tool Group stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $44.00, for a total value of $118,800.00. Following the transaction, the chief executive officer directly owned 328,342 shares of the company’s stock, valued at $14,447,048. The trade was a 0.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Enerpac Tool Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Danske Bank A S purchased a new position in Enerpac Tool Group in the third quarter worth about $45,000. 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 grew its holdings in Enerpac Tool Group by 95.4% during the second quarter. State of Wyoming now owns 2,694 shares of the company’s stock valued at $109,000 after purchasing an additional 1,315 shares during the period. PharVision Advisers LLC purchased a new stake in Enerpac Tool Group in the 3rd quarter worth approximately $222,000. Finally, Franklin Resources Inc. bought a new stake in shares of Enerpac Tool Group during the 3rd quarter valued at $223,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

EPAC has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerpac Tool Group in a report on Monday. Roth Capital set a $51.00 price objective on Enerpac Tool Group and gave the company a “buy” rating in a report on Monday, October 20th. Wall Street Zen upgraded shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Zacks Research raised Enerpac Tool Group to a “hold” rating in a research note on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Enerpac Tool Group Company Profile

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.