Enerpac Tool Group Corp. (NYSE:EPAC) to Issue Quarterly Dividend of $0.04

Key Points

• Enerpac Tool Group Corp. has declared a quarterly dividend of $0.04 per share, with stockholders to receive it on October 17th, translating to an annualized dividend of $0.16 and a yield of 0.42%.
• The company reported earnings of $0.51 per share for the last quarter, exceeding expectations of $0.47, but its revenue of $158.66 million fell short of the $159.35 million consensus estimate.
• Institutional investors recently increased their stakes in Enerpac Tool Group, with almost 98% of the stock now owned by institutional holders, reflecting growing confidence in the company's performance.

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Tuesday, October 7th will be given a dividend of 0.04 per share on Friday, October 17th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, October 7th.

Enerpac Tool Group has a payout ratio of 2.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Enerpac Tool Group to earn $2.09 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 1.9%.

Enerpac Tool Group Stock Down 2.6%

EPAC traded down $1.01 on Friday, hitting $37.50. The company had a trading volume of 471,388 shares, compared to its average volume of 433,744. The stock has a fifty day moving average price of $40.42 and a 200-day moving average price of $42.39. Enerpac Tool Group has a 12-month low of $36.51 and a 12-month high of $51.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 23.01 and a beta of 1.16.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings results on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The business had revenue of $158.66 million for the quarter, compared to analyst estimates of $159.35 million. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Analysts predict that Enerpac Tool Group will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th.

Enerpac Tool Group Company Profile

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.