Enerpac Tool Group Corp. (NYSE:EPAC – Get Free Report)’s stock price gapped down before the market opened on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $43.53, but opened at $38.90. Enerpac Tool Group shares last traded at $40.02, with a volume of 111,465 shares trading hands.
The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Enerpac Tool Group had a net margin of 14.13% and a return on equity of 26.80%. The company had revenue of $158.71 million for the quarter, compared to the consensus estimate of $156.70 million. During the same quarter last year, the company earned $0.42 earnings per share.
Enerpac Tool Group Announces Dividend
The business also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Shareholders of record on Monday, October 7th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, October 7th. This represents a yield of 0.1%. Enerpac Tool Group’s dividend payout ratio (DPR) is 2.63%.
Institutional Trading of Enerpac Tool Group
Enerpac Tool Group Stock Performance
The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.20 and a current ratio of 2.85. The stock’s fifty day moving average is $41.23 and its two-hundred day moving average is $38.99. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 29.33 and a beta of 1.15.
About Enerpac Tool Group
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.
Read More
- Five stocks we like better than Enerpac Tool Group
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Taiwan Semiconductor Soars on Earnings With More Room to Run
- Following Congress Stock Trades
- Is Lucid Group Nearing the Bottom? What Investors Should Know
- Most active stocks: Dollar volume vs share volume
- 90% Gain Possible? Analysts Are Bullish on Joby Aviation
Receive News & Ratings for Enerpac Tool Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerpac Tool Group and related companies with MarketBeat.com's FREE daily email newsletter.