Wall Street analysts predict that Enerpac Tool Group Corp. (NYSE:EPAC) will announce sales of $136.96 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Enerpac Tool Group’s earnings. The lowest sales estimate is $130.58 million and the highest is $140.70 million. Enerpac Tool Group reported sales of $101.88 million during the same quarter last year, which would suggest a positive year over year growth rate of 34.4%. The business is scheduled to issue its next earnings report 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 expect that the firm 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 analysts that cover 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). The firm had revenue of $120.70 million during the quarter, compared to analysts’ expectations of $125.98 million. Enerpac Tool Group had a return on equity of 2.31% and a net margin of 0.69%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year.
EPAC has been the topic of a number of research analyst reports. Gabelli downgraded Enerpac Tool Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 23rd. Robert W. Baird boosted their target price on Enerpac Tool Group from $19.00 to $23.00 in a research report on Wednesday, March 24th. CJS Securities initiated coverage on Enerpac Tool Group in a research report on Thursday, March 25th. They issued an “outperform” rating and a $32.00 target price on the stock. Royal Bank of Canada boosted their target price on Enerpac Tool Group from $20.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Friday, March 19th. Finally, G.Research downgraded Enerpac Tool Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Enerpac Tool Group presently has an average rating of “Hold” and a consensus price target of $26.00.
Shares of NYSE:EPAC traded up $0.69 during mid-day trading on Friday, reaching $26.39. The stock had a trading volume of 170,729 shares, compared to its average volume of 291,684. The company has a current ratio of 3.26, a quick ratio of 2.62 and a debt-to-equity ratio of 0.69. The company has a market cap of $1.59 billion, a P/E ratio of 439.91 and a beta of 1.40. Enerpac Tool Group has a 1 year low of $13.35 and a 1 year high of $28.05. The business’s 50 day moving average price is $25.62 and its 200 day moving average price is $23.14.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Veriti Management LLC purchased a new position in Enerpac Tool Group during the 4th quarter worth $40,000. Nisa Investment Advisors LLC grew its position in shares of Enerpac Tool Group by 38.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,600 shares of the company’s stock worth $81,000 after buying an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Enerpac Tool Group by 28.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,421 shares of the company’s stock valued at $190,000 after buying an additional 1,860 shares during the period. Trexquant Investment LP purchased a new position in shares of Enerpac Tool Group during the fourth quarter valued at $213,000. Finally, Paloma Partners Management Co purchased a new position in shares of Enerpac Tool Group during the fourth quarter valued at $245,000. 96.21% of the stock is currently owned by hedge funds and other institutional investors.
Enerpac Tool Group Company Profile
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.
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