EnPro Industries Forecasted to Earn FY2017 Earnings of $2.21 Per Share (NPO)
EnPro Industries (NYSE:NPO) – Equities research analysts at KeyCorp issued their FY2017 earnings per share (EPS) estimates for shares of EnPro Industries in a report issued on Monday. KeyCorp analyst J. Hammond forecasts that the industrial products company will post earnings per share of $2.21 for the year. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for EnPro Industries’ Q4 2017 earnings at $0.62 EPS and FY2018 earnings at $3.52 EPS.
EnPro Industries (NYSE:NPO) last released its earnings results on Monday, October 30th. The industrial products company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). EnPro Industries had a net margin of 40.74% and a return on equity of 7.92%. The firm had revenue of $343.70 million during the quarter, compared to analysts’ expectations of $324.00 million. During the same quarter in the previous year, the business earned $0.28 EPS. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “EnPro Industries Forecasted to Earn FY2017 Earnings of $2.21 Per Share (NPO)” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.dailypolitical.com/2017/11/04/enpro-industries-forecasted-to-earn-fy2017-earnings-of-2-21-per-share-npo.html.
A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered EnPro Industries from a “hold” rating to a “strong sell” rating in a research report on Friday. FBR & Co set a $100.00 price objective on EnPro Industries and gave the company a “buy” rating in a research report on Tuesday. BidaskClub lowered EnPro Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. EnPro Industries has an average rating of “Hold” and an average price target of $88.33.
EnPro Industries (NPO) opened at $84.42 on Thursday. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 46.81, a P/E/G ratio of 2.10 and a beta of 1.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.27 and a quick ratio of 0.62.
Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of EnPro Industries by 126,215.4% in the 1st quarter. BlackRock Inc. now owns 2,600,835 shares of the industrial products company’s stock worth $185,076,000 after purchasing an additional 2,598,776 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of EnPro Industries by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,922,369 shares of the industrial products company’s stock worth $137,199,000 after purchasing an additional 19,621 shares in the last quarter. Silver Point Capital L.P. increased its holdings in shares of EnPro Industries by 3.4% in the 2nd quarter. Silver Point Capital L.P. now owns 1,850,600 shares of the industrial products company’s stock worth $132,077,000 after purchasing an additional 60,600 shares in the last quarter. Daruma Capital Management LLC increased its holdings in shares of EnPro Industries by 1.1% in the 2nd quarter. Daruma Capital Management LLC now owns 818,894 shares of the industrial products company’s stock worth $58,444,000 after purchasing an additional 9,234 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of EnPro Industries by 3.8% in the 2nd quarter. State Street Corp now owns 529,442 shares of the industrial products company’s stock worth $37,786,000 after purchasing an additional 19,542 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.
In other EnPro Industries 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 value of $1,949,637.44. Following the completion of the sale, the insider now owns 245,765 shares of the company’s stock, valued at approximately $18,206,271.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Todd L. Anderson sold 2,148 shares of EnPro Industries stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $72.67, for a total value of $156,095.16. Following the completion of the sale, the insider now directly owns 9,000 shares of the company’s stock, valued at approximately $654,030. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, December 5th. EnPro Industries’s dividend payout ratio (DPR) is presently 3.82%.
EnPro Industries announced that its board has approved a share buyback program on Monday, October 30th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
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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