Enerpac Tool Group (NYSE:EPAC) Releases 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, beating 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 Down 2.4%

Shares of EPAC stock traded down $0.84 during trading hours on Tuesday, reaching $34.37. 474,640 shares of the company’s stock were exchanged, compared to its average volume of 414,523. Enerpac Tool Group has a fifty-two week low of $32.35 and a fifty-two week high of $45.00. The stock’s 50 day moving average is $34.86 and its 200-day moving average is $37.46. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 21.48 and a beta of 0.85.

Institutional Trading of Enerpac Tool Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantinno Capital Management LP purchased a new stake in shares of Enerpac Tool Group in the second quarter valued at approximately $303,000. Numerai GP LLC acquired a new position in Enerpac Tool Group during the fourth quarter worth $296,000. Cetera Investment Advisers lifted its holdings in Enerpac Tool Group by 37.8% during the fourth quarter. Cetera Investment Advisers now owns 7,533 shares of the company’s stock valued at $288,000 after purchasing an additional 2,067 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Enerpac Tool Group by 219.0% during the second quarter. Tower Research Capital LLC TRC now owns 7,033 shares of the company’s stock valued at $285,000 after purchasing an additional 4,828 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in shares of Enerpac Tool Group by 39,935.3% in the third quarter. Brooklyn Investment Group now owns 6,806 shares of the company’s stock valued at $279,000 after purchasing an additional 6,789 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

EPAC has been the subject of several recent research reports. Weiss Ratings downgraded Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Wall Street Zen raised shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $51.00.

About Enerpac Tool Group

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.