Enerpac Tool Group (EPAC) Set to Announce Earnings on Wednesday

Enerpac Tool Group (NYSE:EPACGet Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, September 28th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Enerpac Tool Group has set its FY 2022 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Enerpac Tool Group (NYSE:EPACGet Rating) last announced its quarterly earnings data on Tuesday, June 28th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.13). The firm had revenue of $151.90 million during the quarter, compared to the consensus estimate of $155.10 million. Enerpac Tool Group had a return on equity of 9.97% and a net margin of 1.93%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. On average, analysts expect Enerpac Tool Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Enerpac Tool Group Stock Down 1.7 %

Shares of NYSE EPAC opened at $17.30 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.72 and a quick ratio of 2.08. The company has a market cap of $1.01 billion, a P/E ratio of 91.06 and a beta of 1.32. Enerpac Tool Group has a 1 year low of $16.25 and a 1 year high of $23.84. The firm has a 50-day simple moving average of $19.90 and a two-hundred day simple moving average of $20.00.

Enerpac Tool Group Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, October 7th will be paid a $0.04 dividend. This represents a yield of 0.2%. The ex-dividend date is Thursday, October 6th. Enerpac Tool Group’s payout ratio is currently 21.05%.

Hedge Funds Weigh In On Enerpac Tool Group

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Enerpac Tool Group by 0.9% during the first quarter. BlackRock Inc. now owns 9,149,186 shares of the company’s stock valued at $200,275,000 after buying an additional 77,746 shares during the period. Vanguard Group Inc. increased its holdings in Enerpac Tool Group by 0.6% during the first quarter. Vanguard Group Inc. now owns 6,513,101 shares of the company’s stock valued at $142,571,000 after buying an additional 38,557 shares during the period. State Street Corp increased its holdings in Enerpac Tool Group by 1.9% during the second quarter. State Street Corp now owns 2,087,159 shares of the company’s stock valued at $39,698,000 after buying an additional 38,906 shares during the period. Dimensional Fund Advisors LP grew its holdings in Enerpac Tool Group by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,555,080 shares of the company’s stock worth $34,040,000 after purchasing an additional 21,046 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in Enerpac Tool Group by 3.4% in the first quarter. Neuberger Berman Group LLC now owns 1,022,388 shares of the company’s stock worth $22,370,000 after purchasing an additional 33,515 shares during the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on EPAC shares. Wells Fargo & Company lifted their price target on shares of Enerpac Tool Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, June 22nd. Royal Bank of Canada decreased their price target on shares of Enerpac Tool Group from $19.00 to $18.00 and set an “underperform” rating for the company in a research note on Wednesday, June 29th.

Enerpac Tool Group Company Profile

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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, and internationally. 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 infrastructure, industrial maintenance, repair and operations, oil and gas, mining, renewable energy, and construction markets.

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Earnings History for Enerpac Tool Group (NYSE:EPAC)

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