$0.13 EPS Expected for Enerpac Tool Group Corp. (NYSE:EPAC) This Quarter

Brokerages expect Enerpac Tool Group Corp. (NYSE:EPAC) to announce $0.13 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Enerpac Tool Group’s earnings, with estimates ranging from $0.10 to $0.15. Enerpac Tool Group reported earnings of $0.06 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 116.7%. The business is expected to report its next earnings report on Wednesday, March 23rd.

According to Zacks, analysts expect that Enerpac Tool Group will report full-year earnings of $0.95 per share for the current financial year, with EPS estimates ranging from $0.93 to $0.96. For the next fiscal year, analysts forecast that the firm will post earnings of $1.12 per share, with EPS estimates ranging from $1.08 to $1.15. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Enerpac Tool Group.

Enerpac Tool Group (NYSE:EPAC) last posted its earnings results on Tuesday, December 21st. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.05). Enerpac Tool Group had a return on equity of 10.48% and a net margin of 6.71%. The business had revenue of $130.90 million for the quarter, compared to the consensus estimate of $141.24 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year.

EPAC has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised shares of Enerpac Tool Group from an “underweight” rating to a “neutral” rating and set a $20.00 price objective on the stock in a research note on Friday, January 7th. TheStreet lowered shares of Enerpac Tool Group from a “b-” rating to a “c” rating in a research note on Wednesday, September 29th. Royal Bank of Canada lowered shares of Enerpac Tool Group from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, January 5th. Finally, Wells Fargo & Company raised shares of Enerpac Tool Group from an “underweight” rating to an “equal weight” rating and set a $22.00 price objective on the stock in a research note on Tuesday, November 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.40.

Shares of NYSE:EPAC traded down $0.14 during trading on Friday, reaching $20.11. The stock had a trading volume of 396 shares, compared to its average volume of 230,094. The firm’s fifty day moving average is $21.62 and its 200 day moving average is $23.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.11 and a current ratio of 2.74. Enerpac Tool Group has a 52 week low of $18.69 and a 52 week high of $28.84. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 33.52 and a beta of 1.41.

In related news, Director E James Ferland, Jr. bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 26th. The shares were bought at an average price of $20.26 per share, for a total transaction of $40,520.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM Advisors LLC raised its holdings in Enerpac Tool Group by 3.1% during the second quarter. CWM Advisors LLC now owns 16,170 shares of the company’s stock worth $430,000 after buying an additional 490 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in Enerpac Tool Group by 6.9% during the second quarter. Mutual of America Capital Management LLC now owns 8,547 shares of the company’s stock worth $228,000 after buying an additional 552 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Enerpac Tool Group by 4.6% in the third quarter. Victory Capital Management Inc. now owns 18,624 shares of the company’s stock valued at $386,000 after purchasing an additional 822 shares during the last quarter. Swiss National Bank raised its holdings in shares of Enerpac Tool Group by 0.7% in the third quarter. Swiss National Bank now owns 132,900 shares of the company’s stock valued at $2,755,000 after purchasing an additional 900 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Enerpac Tool Group by 1.1% in the second quarter. Parametric Portfolio Associates LLC now owns 145,355 shares of the company’s stock valued at $3,869,000 after purchasing an additional 1,648 shares during the last quarter. Hedge funds and other institutional investors own 97.76% of the company’s stock.

About Enerpac Tool Group

Enerpac Tool Group Corp. is a diversified industrial company. The firm engages in the designing, manufacturing, and distribution of industrial products and systems to various end markets. It operates through the following segments: Industrial Tools and Services; and Other. The Industrial Tools and Services segment supplies both products and services to a broad array of end markets, including industrial, energy, mining and production automation markets.

Featured Article: Cyclical Stocks – What You Should Know

Get a free copy of the Zacks research report on Enerpac Tool Group (EPAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Enerpac Tool Group (NYSE:EPAC)

Receive News & Ratings for Enerpac Tool Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerpac Tool Group and related companies with MarketBeat.com's FREE daily email newsletter.