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

Key Points

• Enerpac Tool Group beat quarterly earnings expectations: The company reported adjusted earnings of $0.53 per share, $0.01 above consensus, while revenue reached $185.70 million versus estimates of $172.68 million.
• Shares traded near $35.51 following the results, with the company valued at approximately $1.82 billion and posting a 14.72% net margin and 23.21% return on equity.
• Analyst sentiment remains cautious: The consensus rating is “Hold,” based on one Buy rating and three Holds, though the average price target of $50 implies potential upside.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) released its earnings results on Wednesday. The company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.01, FiscalAI reports. Enerpac Tool Group had a net margin of 14.72% and a return on equity of 23.21%. The business had revenue of $185.70 million during the quarter, compared to the consensus estimate of $172.68 million.

Enerpac Tool Group Stock Performance

NYSE:EPAC traded up $0.15 on Wednesday, hitting $35.51. The company's stock had a trading volume of 567,646 shares, compared to its average volume of 427,287. The company has a current ratio of 2.67, a quick ratio of 2.04 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average of $35.90 and a two-hundred day moving average of $36.68. The firm has a market capitalization of $1.82 billion, a P/E ratio of 20.06 and a beta of 0.81. Enerpac Tool Group has a one year low of $32.35 and a one year high of $43.97.

Wall Street Analysts Forecast Growth

EPAC has been the subject of several analyst reports. Zacks Research upgraded Enerpac Tool Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 8th. Roth Capital reiterated a "buy" rating and set a $50.00 target price on shares of Enerpac Tool Group in a report on Thursday, July 9th. Finally, Weiss Ratings raised Enerpac Tool Group from a "hold (c)" rating to a "hold (c+)" rating in a research 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $50.00.

Enerpac Tool Group Company Profile

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.

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