FY2017 EPS Estimates for EnPro Industries, Inc. (NPO) Boosted by Oppenheimer
EnPro Industries, Inc. (NYSE:NPO) – Analysts at Oppenheimer increased their FY2017 earnings per share (EPS) estimates for EnPro Industries in a research note issued on Thursday. Oppenheimer analyst I. Zaffino now forecasts that the industrial products company will earn $2.35 per share for the year, up from their prior estimate of $2.21. Oppenheimer currently has a “Outperform” rating and a $100.00 target price on the stock. Oppenheimer also issued estimates for EnPro Industries’ Q4 2017 earnings at $0.72 EPS.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). The company had revenue of $343.70 million during the quarter, compared to analysts’ expectations of $324.00 million. EnPro Industries had a net margin of 40.74% and a return on equity of 7.92%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share.
A number of other research firms also recently commented on NPO. Zacks Investment Research downgraded shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Friday, November 3rd. B. Riley set a $100.00 price objective on shares of EnPro Industries and gave the company a “buy” rating in a report on Tuesday, November 21st. KeyCorp reiterated a “hold” rating on shares of EnPro Industries in a report on Friday, October 20th. FBR & Co reiterated a “buy” rating and issued a $85.00 price objective on shares of EnPro Industries in a report on Tuesday, September 12th. Finally, BidaskClub downgraded shares of EnPro Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. EnPro Industries currently has an average rating of “Hold” and an average price target of $95.00.
Shares of EnPro Industries (NYSE:NPO) opened at $87.86 on Friday. The company has a market cap of $1,893.30, a PE ratio of 49.88, a price-to-earnings-growth ratio of 2.16 and a beta of 1.18. The company has a quick ratio of 1.59, a current ratio of 2.27 and a debt-to-equity ratio of 0.65. EnPro Industries has a 1-year low of $61.36 and a 1-year high of $91.00.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.00%. EnPro Industries’s dividend payout ratio is currently 3.82%.
EnPro Industries announced that its Board of Directors has initiated a share buyback program on Monday, October 30th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, insider Stephen E. Macadam sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $84.06, for a total transaction of $2,101,500.00. Following the completion of the sale, the insider now owns 194,447 shares in the company, valued at approximately $16,345,214.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in shares of EnPro Industries by 5.0% during the 1st 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 during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of EnPro Industries by 55.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock worth $133,000 after buying an additional 665 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of EnPro Industries by 64.2% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,489 shares of the industrial products company’s stock worth $200,000 after buying an additional 973 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of EnPro Industries during the 3rd quarter worth approximately $200,000. Finally, Amalgamated Bank increased its holdings in shares of EnPro Industries by 3.4% during the 2nd quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock worth $211,000 after buying an additional 98 shares during the last quarter. Institutional investors and hedge funds own 92.70% 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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