$326.50 Million in Sales Expected for EnPro Industries (NPO) This Quarter
Analysts forecast that EnPro Industries (NYSE:NPO) will announce sales of $326.50 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for EnPro Industries’ earnings, with the lowest sales estimate coming in at $296.50 million and the highest estimate coming in at $356.50 million. EnPro Industries reported sales of $292.70 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.5%. The business is expected to announce its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that EnPro Industries will report full year sales of $326.50 million for the current fiscal year, with estimates ranging from $1.21 billion to $1.39 billion. For the next year, analysts anticipate that the firm will post sales of $1.37 billion per share, with estimates ranging from $1.24 billion to $1.44 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow EnPro Industries.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by $0.35. EnPro Industries had a return on equity of 8.71% and a net margin of 1.56%. The business had revenue of $347 million during the quarter, compared to analyst estimates of $347.13 million. During the same period in the previous year, the business posted $0.17 earnings per share. The firm’s quarterly revenue was up 10.8% on a year-over-year basis.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered EnPro Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. BidaskClub upgraded EnPro Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, FBR & Co reiterated an “outperform” rating on shares of EnPro Industries in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $78.50.
Shares of EnPro Industries (NPO) opened at 72.49 on Thursday. EnPro Industries has a 52 week low of $50.73 and a 52 week high of $77.65. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 84.88 and a beta of 1.10. The firm has a 50-day moving average price of $72.91 and a 200-day moving average price of $68.95.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.21%. EnPro Industries’s dividend payout ratio is 103.53%.
In other news, insider Stephen E. Macadam sold 26,318 shares of EnPro Industries stock in a transaction on Monday, August 7th. The stock was sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the transaction, the insider now owns 245,765 shares in the company, valued at $18,206,271.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in shares of EnPro Industries by 5.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock worth $106,000 after buying an additional 71 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of EnPro Industries during the first quarter worth $125,000. State of Alaska Department of Revenue increased its position in shares of EnPro Industries by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 2,360 shares of the industrial products company’s stock worth $167,000 after buying an additional 30 shares in the last quarter. Amalgamated Bank acquired a new position in shares of EnPro Industries during the first quarter worth $203,000. Finally, BB&T Securities LLC acquired a new position in shares of EnPro Industries during the second quarter worth $222,000. Institutional investors and hedge funds own 94.79% of the company’s stock.
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EnPro Industries Company Profile
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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