Enerpac Tool Group (NYSE:EPAC) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Enerpac Tool Group (NYSE:EPAC - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04, Zacks reports. The firm had revenue of $158.66 million during the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted $0.47 earnings per share.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC traded down $2.61 during trading on Friday, reaching $41.53. The company had a trading volume of 1,053,314 shares, compared to its average volume of 320,356. Enerpac Tool Group has a twelve month low of $36.78 and a twelve month high of $51.91. The stock has a market capitalization of $2.25 billion, a PE ratio of 25.48 and a beta of 1.20. The stock has a 50-day moving average price of $42.55 and a two-hundred day moving average price of $43.22. The company has a current ratio of 2.90, a quick ratio of 2.24 and a debt-to-equity ratio of 0.42.

Wall Street Analyst Weigh In

EPAC has been the subject of several research reports. CJS Securities initiated coverage on Enerpac Tool Group in a report on Friday, March 14th. They set an "outperform" rating and a $53.00 price objective for the company. Wall Street Zen raised Enerpac Tool Group from a "hold" rating to a "buy" rating in a report on Friday.

Hedge Funds Weigh In On Enerpac Tool Group

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in shares of Enerpac Tool Group by 29.5% in the first quarter. AQR Capital Management LLC now owns 27,208 shares of the company's stock worth $1,221,000 after acquiring an additional 6,203 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Enerpac Tool Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,370 shares of the company's stock worth $1,452,000 after acquiring an additional 1,425 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Enerpac Tool Group by 32.8% in the first quarter. Jane Street Group LLC now owns 131,506 shares of the company's stock worth $5,899,000 after acquiring an additional 32,491 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Enerpac Tool Group by 24.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 217,195 shares of the company's stock worth $9,743,000 after acquiring an additional 42,835 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

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.