Posted by admin on May 7th, 2022
Equities research analysts predict that EnPro Industries, Inc. (NYSE:NPO – Get Rating) will announce earnings of $1.82 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for EnPro Industries’ earnings. The lowest EPS estimate is $1.78 and the highest is $1.86. EnPro Industries posted earnings of $1.56 per share during the same quarter last year, which indicates a positive year over year growth rate of 16.7%. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that EnPro Industries will report full-year earnings of $6.94 per share for the current fiscal year, with EPS estimates ranging from $6.68 to $7.20. For the next year, analysts forecast that the company will report earnings of $7.66 per share, with EPS estimates ranging from $7.06 to $8.25. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for EnPro Industries.
EnPro Industries (NYSE:NPO – Get Rating) last announced its earnings results on Monday, May 2nd. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.53 by $0.30. EnPro Industries had a net margin of 14.73% and a return on equity of 10.47%. The company had revenue of $328.70 million for the quarter, compared to analysts’ expectations of $298.23 million. During the same period last year, the firm earned $1.37 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis.
A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Friday. StockNews.com upgraded shares of EnPro Industries from a “hold” rating to a “buy” rating in a report on Saturday, April 30th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $121.67.
Shares of NPO traded down $1.86 during mid-day trading on Friday, hitting $91.64. 58,958 shares of the company’s stock were exchanged, compared to its average volume of 80,339. EnPro Industries has a 52 week low of $79.80 and a 52 week high of $117.63. The stock’s 50-day simple moving average is $99.21 and its 200-day simple moving average is $103.86. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 10.87 and a beta of 1.37. The company has a quick ratio of 1.46, a current ratio of 1.77 and a debt-to-equity ratio of 0.73.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, May 31st. EnPro Industries’s payout ratio is currently 13.29%.
In other EnPro Industries news, CAO Steven R. Bower sold 1,308 shares of the stock in a transaction on Friday, March 4th. The shares were sold at an average price of $106.29, for a total transaction of $139,027.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John M. Childress II sold 10,000 shares of the stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $107.61, for a total transaction of $1,076,100.00. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in NPO. Morgan Stanley grew its position in EnPro Industries by 38.3% during the second quarter. Morgan Stanley now owns 77,879 shares of the industrial products company’s stock valued at $7,566,000 after buying an additional 21,584 shares during the period. SG Americas Securities LLC bought a new stake in EnPro Industries in the third quarter worth $191,000. Swiss National Bank increased its position in EnPro Industries by 0.5% during the third quarter. Swiss National Bank now owns 43,200 shares of the industrial products company’s stock valued at $3,764,000 after acquiring an additional 200 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of EnPro Industries by 10.6% in the third quarter. Synovus Financial Corp now owns 12,602 shares of the industrial products company’s stock worth $1,093,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of EnPro Industries by 8.7% in the third quarter. Mackenzie Financial Corp now owns 2,611 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 209 shares during the last quarter. Institutional investors and hedge funds own 94.26% of the company’s stock.
EnPro Industries Company Profile (Get Rating)
EnPro Industries, Inc engages in the design, development, manufacture, marketing, and service of engineered industrial products in the United States, Europe, and internationally. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; compression packing products; hydraulic components; expansion joints; wall penetration products; and dynamic, flange, resilient metal, elastomeric, and custom-engineered mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.
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