Enerpac Tool Group (NYSE:EPAC) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Enerpac Tool Group (NYSE:EPAC) posted its quarterly earnings data on Wednesday. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01), Zacks reports. Enerpac Tool Group had a net margin of 15.03% and a return on equity of 23.54%. The firm had revenue of $144.21 million for the quarter, compared to analysts’ expectations of $146.45 million. During the same quarter last year, the company posted $0.40 EPS.

Enerpac Tool Group Stock Performance

NYSE:EPAC opened at $39.18 on Thursday. The firm has a market capitalization of $2.08 billion, a PE ratio of 22.91 and a beta of 1.00. The stock’s fifty day moving average is $39.57 and its 200 day moving average is $40.42. Enerpac Tool Group has a fifty-two week low of $36.51 and a fifty-two week high of $48.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.17 and a current ratio of 2.74.

Analyst Upgrades and Downgrades

EPAC has been the subject of several analyst reports. Roth Capital set a $51.00 target price on shares of Enerpac Tool Group and gave the stock a “buy” rating in a report on Monday, October 20th. Wall Street Zen raised shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Zacks Research upgraded shares of Enerpac Tool Group to a “hold” rating in a research note on Monday, September 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerpac Tool Group in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Enerpac Tool Group presently has an average rating of “Moderate Buy” and an average target price of $52.00.

Insiders Place Their Bets

In related news, CEO Paul Sternlieb sold 2,700 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $44.00, for a total value of $118,800.00. Following the sale, the chief executive officer directly owned 328,342 shares of the company’s stock, valued at $14,447,048. This represents a 0.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional Trading of Enerpac Tool Group

Large investors have recently modified their holdings of the company. Amundi increased its stake 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 period. Brooklyn Investment Group grew its holdings in Enerpac Tool Group by 39,935.3% during the 3rd quarter. Brooklyn Investment Group now owns 6,806 shares of the company’s stock worth $279,000 after acquiring an additional 6,789 shares in the last quarter. Entropy Technologies LP bought a new position in Enerpac Tool Group during the 3rd quarter worth about $416,000. Tower Research Capital LLC TRC increased its position in Enerpac Tool Group by 219.0% during the 2nd 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 during the period. Finally, Engineers Gate Manager LP bought a new stake in shares of Enerpac Tool Group in the 2nd quarter valued at about $313,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

About Enerpac Tool Group

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.