Enerpac Tool Group (NYSE:EPAC) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Enerpac Tool Group (NYSE:EPAC) announced its quarterly earnings results on Wednesday. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01, FiscalAI reports. The business had revenue of $185.70 million for the quarter, compared to analysts’ expectations of $172.68 million. Enerpac Tool Group had a return on equity of 23.21% and a net margin of 14.72%.

Enerpac Tool Group Stock Performance

Shares of NYSE EPAC traded up $0.15 during midday trading on Wednesday, hitting $35.51. 567,646 shares of the company’s stock were exchanged, compared to its average volume of 427,287. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.67 and a quick ratio of 2.04. The stock’s 50 day moving average price is $35.90 and its 200-day moving average price is $36.68. The firm has a market cap of $1.82 billion, a P/E ratio of 20.06 and a beta of 0.81. Enerpac Tool Group has a twelve month low of $32.35 and a twelve month high of $43.97.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Zacks Research upgraded Enerpac Tool Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Roth Capital reiterated a “buy” rating and issued a $50.00 target price on shares of Enerpac Tool Group in a research note on Thursday, July 9th. Finally, Weiss Ratings raised shares of Enerpac Tool Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Enerpac Tool Group has an average rating of “Hold” and a consensus target price of $50.00.

About Enerpac Tool Group

Enerpac Tool Group Corp. is an industrial tools and services company that provides engineered solutions for lifting, moving, positioning, maintenance and assembly applications. Its products are used in industries such as energy, infrastructure, construction, manufacturing, mining and heavy equipment.

The company offers high-pressure hydraulic tools and systems, including hydraulic pumps, cylinders, jacks, tensioners, torque tools and specialized lifting and positioning equipment. It also provides bolting, machining, flange-management and other field services designed to support the installation, maintenance and repair of large-scale industrial assets.

Enerpac Tool Group markets products under brands that include Enerpac, Hydratight, Equalizer, Mirage, Simplex and Larzep.