Posted by admin on Aug 6th, 2022

EnPro Industries, Inc. (NYSE:NPO – Get Rating) – Investment analysts at Oppenheimer increased their Q3 2022 earnings per share (EPS) estimates for EnPro Industries in a research report issued to clients and investors on Tuesday, August 2nd. Oppenheimer analyst I. Zaffino now anticipates that the industrial products company will earn $1.87 per share for the quarter, up from their prior estimate of $1.75. The consensus estimate for EnPro Industries’ current full-year earnings is $7.05 per share. Oppenheimer also issued estimates for EnPro Industries’ FY2022 earnings at $7.17 EPS and FY2023 earnings at $7.29 EPS.

Other equities research analysts have also recently issued reports about the company. KeyCorp lifted their price objective on EnPro Industries from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday. StockNews.com raised EnPro Industries from a “hold” rating to a “buy” rating in a report on Monday, May 16th.

NPO stock opened at $98.64 on Friday. EnPro Industries has a 52-week low of $76.14 and a 52-week high of $117.63. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average of $87.72 and a two-hundred day moving average of $96.30. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 11.46 and a beta of 1.39.

EnPro Industries (NYSE:NPO – Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $1.82 by $0.50. EnPro Industries had a return on equity of 11.42% and a net margin of 14.62%. The firm had revenue of $333.30 million during the quarter, compared to analysts’ expectations of $325.57 million. During the same quarter last year, the firm earned $1.56 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 31st will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, August 30th. EnPro Industries’s payout ratio is currently 13.01%.

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in EnPro Industries in the 4th quarter valued at about $11,876,000. Tributary Capital Management LLC acquired a new position in EnPro Industries in the 1st quarter valued at about $12,816,000. Comerica Bank increased its position in EnPro Industries by 0.8% in the 1st quarter. Comerica Bank now owns 17,768 shares of the industrial products company’s stock valued at $1,801,000 after acquiring an additional 143 shares during the period. Leeward Investments LLC MA acquired a new position in EnPro Industries in the 1st quarter valued at about $20,265,000. Finally, Capital International Investors increased its position in EnPro Industries by 5.5% in the 4th quarter. Capital International Investors now owns 875,976 shares of the industrial products company’s stock valued at $96,419,000 after acquiring an additional 45,842 shares during the period. Institutional investors and hedge funds own 94.26% of the company’s stock.

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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