Enerpac Tool Group (NYSE:EPAC) Posts Earnings Results, Beats Expectations By $0.11 EPS

Enerpac Tool Group (NYSE:EPAC) posted its quarterly earnings results on Tuesday. The company reported $0.60 EPS for the quarter, topping the consensus estimate 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%. The business had revenue of $167.55 million during the quarter, compared to analysts’ expectations of $165.60 million.

Enerpac Tool Group Trading Down 2.4%

NYSE:EPAC opened at $34.37 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $34.85 and its 200-day moving average is $37.42. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 21.48 and a beta of 0.85. Enerpac Tool Group has a 12 month low of $32.35 and a 12 month high of $45.00.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Enerpac Tool Group

Several large investors have recently made changes to their positions in EPAC. California State Teachers Retirement System grew its holdings in Enerpac Tool Group by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 50,173 shares of the company’s stock valued at $2,035,000 after buying an additional 369 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Enerpac Tool Group by 2.1% in the third quarter. Victory Capital Management Inc. now owns 21,879 shares of the company’s stock valued at $897,000 after acquiring an additional 456 shares during the period. State of Tennessee Department of Treasury boosted its position in shares of Enerpac Tool Group by 2.4% in the second quarter. State of Tennessee Department of Treasury now owns 25,022 shares of the company’s stock valued at $1,015,000 after acquiring an additional 578 shares during the period. Amundi raised its position in shares of Enerpac Tool Group by 9.6% during the third quarter. Amundi now owns 9,593 shares of the company’s stock valued at $389,000 after buying an additional 842 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its stake in Enerpac Tool Group by 9.6% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 11,970 shares of the company’s stock valued at $458,000 after acquiring an additional 1,051 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Company Profile

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.