Tuesday, October 22, 2024
HomeEPAC stock hits record high of $44.65 with strong growth.

EPAC stock hits record high of $44.65 with strong growth.

Actuant Corporation’s stock (NYSE: EPAC) has hit a record high of $44.65, marking a 58.5% increase in the past year. This surge reflects strong financial performance and positive investor sentiment, supporting the company’s future growth.

Meanwhile, Enerpac Tool Group (NYSE: EPAC) reported a 2.2% organic revenue growth for fiscal year 2024, despite a 1.5% drop in total net sales. Their Industrial Tools & Services segment grew by 2.7%, with an 8% rise in adjusted EBITDA to $147 million and free cash flow of $70 million. Enerpac launched new products, including a handheld torque wrench, and acquired DTA to boost revenue. For fiscal year 2025, they project 0-2% organic revenue growth and net sales of $610-$625 million, while focusing on opportunities in wind energy and infrastructure, despite some regulatory challenges.

InvestingPro Insights

Actuant’s stock performance is backed by key metrics from InvestingPro, showing a 56.73% total return over the past year, closely matching its 58.5% increase. The stock trades at 99.55% of its 52-week high, with a market cap of $2.42 billion and a P/E ratio of 25.83. The company reported a revenue of $589.51 million and EBITDA of $149 million.

InvestingPro highlights two strengths of EPAC:

1. Consistent dividend payments for 20 years, showing financial stability.

2. Moderate debt levels, indicating sound financial management.

These factors enhance market confidence in Actuant Corporation’s financial health. For more insights, InvestingPro offers additional tips on EPAC’s performance and outlook.

This article was generated with AI support and reviewed by an editor. For more, see our T&C.

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