KeyCorp Weighs in on Enerpac Tool Group Corp.’s FY2021 Earnings (NYSE:EPAC)

Enerpac Tool Group Corp. (NYSE:EPAC) – KeyCorp cut their FY2021 earnings per share estimates for Enerpac Tool Group in a report issued on Tuesday, September 14th. KeyCorp analyst J. Hammond now anticipates that the company will earn $0.66 per share for the year, down from their previous forecast of $0.71. KeyCorp also issued estimates for Enerpac Tool Group’s Q4 2021 earnings at $0.23 EPS.

A number of other research analysts have also recently issued reports on EPAC. TheStreet raised Enerpac Tool Group from a “c” rating to a “b-” rating in a research note on Tuesday, June 29th. Wells Fargo & Company cut Enerpac Tool Group from an “equal weight” rating to an “underweight” rating and set a $22.00 price objective on the stock. in a research note on Tuesday, June 8th. They noted that the move was a valuation call. Finally, Royal Bank of Canada raised their price objective on Enerpac Tool Group from $26.00 to $28.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.60.

Shares of NYSE:EPAC opened at $23.54 on Friday. The stock’s 50-day moving average price is $25.14 and its 200-day moving average price is $26.02. Enerpac Tool Group has a 12-month low of $16.75 and a 12-month high of $28.84. The stock has a market capitalization of $1.42 billion, a P/E ratio of 42.04 and a beta of 1.45. The company has a current ratio of 2.77, a quick ratio of 2.21 and a debt-to-equity ratio of 0.47.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Monday, June 28th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.10. Enerpac Tool Group had a return on equity of 7.23% and a net margin of 6.93%. The firm had revenue of $143.10 million for the quarter, compared to analysts’ expectations of $137.44 million. During the same period last year, the firm earned ($0.06) earnings per share. The company’s revenue for the quarter was up 40.4% compared to the same quarter last year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Enerpac Tool Group by 6.5% in the first quarter. BlackRock Inc. now owns 9,396,587 shares of the company’s stock worth $245,438,000 after buying an additional 575,481 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Enerpac Tool Group by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,786,590 shares of the company’s stock worth $203,386,000 after buying an additional 42,538 shares during the period. Vanguard Group Inc. lifted its holdings in Enerpac Tool Group by 1.9% in the second quarter. Vanguard Group Inc. now owns 6,436,719 shares of the company’s stock worth $171,345,000 after buying an additional 117,811 shares during the period. Pzena Investment Management LLC lifted its holdings in Enerpac Tool Group by 1.2% in the first quarter. Pzena Investment Management LLC now owns 4,266,288 shares of the company’s stock worth $111,435,000 after buying an additional 51,914 shares during the period. Finally, State Street Corp lifted its holdings in Enerpac Tool Group by 7.4% in the second quarter. State Street Corp now owns 1,956,566 shares of the company’s stock worth $52,084,000 after buying an additional 135,120 shares during the period.

The firm also recently announced an annual dividend, which will be paid on Monday, October 18th. Investors of record on Friday, October 1st will be paid a $0.04 dividend. The ex-dividend date is Thursday, September 30th. This represents a dividend yield of 0.16%. Enerpac Tool Group’s payout ratio is presently 22.22%.

About Enerpac Tool Group

Enerpac Tool Group Corp. is a diversified industrial company. The firm engages in the designing, manufacturing, and distribution of industrial products and systems to various end markets. It operates through the following segments: Industrial Tools and Services; and Other. The Industrial Tools and Services segment supplies both products and services to a broad array of end markets, including industrial, energy, mining and production automation markets.

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Earnings History and Estimates for Enerpac Tool Group (NYSE:EPAC)

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