$136.96 Million in Sales Expected for Enerpac Tool Group Corp. (NYSE:EPAC) This Quarter

Brokerages forecast that Enerpac Tool Group Corp. (NYSE:EPAC) will post $136.96 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Enerpac Tool Group’s earnings, with the lowest sales estimate coming in at $130.58 million and the highest estimate coming in at $140.70 million. Enerpac Tool Group posted sales of $101.88 million in the same quarter last year, which suggests a positive year-over-year growth rate of 34.4%. The firm is scheduled to announce its next quarterly earnings results on Thursday, June 24th.

According to Zacks, analysts expect that Enerpac Tool Group will report full year sales of $523.02 million for the current financial year, with estimates ranging from $520.30 million to $526.40 million. For the next fiscal year, analysts anticipate that the company will report sales of $571.02 million, with estimates ranging from $557.60 million to $578.46 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Enerpac Tool Group.

Enerpac Tool Group (NYSE:EPAC) last posted its earnings results on Tuesday, March 23rd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06). Enerpac Tool Group had a return on equity of 2.31% and a net margin of 0.69%. The company had revenue of $120.70 million during the quarter, compared to the consensus estimate of $125.98 million. The firm’s revenue was down 9.5% on a year-over-year basis.

A number of equities research analysts have commented on EPAC shares. G.Research downgraded shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 23rd. Robert W. Baird boosted their price objective on shares of Enerpac Tool Group from $19.00 to $23.00 in a research report on Wednesday, March 24th. Zacks Investment Research raised shares of Enerpac Tool Group from a “sell” rating to a “hold” rating and set a $23.00 target price for the company in a report on Thursday, December 24th. CJS Securities started coverage on shares of Enerpac Tool Group in a report on Thursday, March 25th. They issued an “outperform” rating and a $32.00 target price for the company. Finally, Gabelli downgraded shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.00.

NYSE:EPAC traded down $0.10 during trading hours on Friday, reaching $25.61. The company had a trading volume of 5,497 shares, compared to its average volume of 295,295. The company has a current ratio of 3.26, a quick ratio of 2.62 and a debt-to-equity ratio of 0.69. Enerpac Tool Group has a 52 week low of $13.35 and a 52 week high of $28.05. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 428.57 and a beta of 1.40. The firm’s 50 day moving average price is $25.50 and its 200-day moving average price is $23.08.

A number of hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its position in shares of Enerpac Tool Group by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,744,052 shares of the company’s stock valued at $175,093,000 after buying an additional 985,619 shares in the last quarter. Norges Bank bought a new position in Enerpac Tool Group during the 4th quarter valued at about $20,650,000. BlackRock Inc. grew its holdings in Enerpac Tool Group by 5.4% during the 4th quarter. BlackRock Inc. now owns 8,821,106 shares of the company’s stock valued at $199,444,000 after purchasing an additional 450,224 shares during the last quarter. Cooke & Bieler LP grew its holdings in Enerpac Tool Group by 18.9% during the 4th quarter. Cooke & Bieler LP now owns 1,170,694 shares of the company’s stock valued at $26,469,000 after purchasing an additional 186,491 shares during the last quarter. Finally, Pzena Investment Management LLC grew its holdings in Enerpac Tool Group by 3.8% during the 4th quarter. Pzena Investment Management LLC now owns 4,214,374 shares of the company’s stock valued at $95,287,000 after purchasing an additional 155,804 shares during the last quarter. Institutional investors and hedge funds own 96.21% of the company’s stock.

About Enerpac Tool Group

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Other. The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets.

See Also: What is a bull market?

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.