EnPro Industries, Inc. (NPO) Expected to Post Earnings of $1.09 Per Share
Brokerages predict that EnPro Industries, Inc. (NYSE:NPO) will post earnings of $1.09 per share for the current quarter, according to Zacks. Four analysts have made estimates for EnPro Industries’ earnings, with estimates ranging from $1.06 to $1.12. EnPro Industries reported earnings of $0.73 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 49.3%. The firm is expected to report its next quarterly earnings report on Monday, October 29th.
On average, analysts expect that EnPro Industries will report full-year earnings of $3.53 per share for the current year, with EPS estimates ranging from $3.35 to $3.65. For the next fiscal year, analysts expect that the firm will report earnings of $4.49 per share, with EPS estimates ranging from $4.25 to $4.60. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover EnPro Industries.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.37). The firm had revenue of $393.60 million for the quarter, compared to analysts’ expectations of $370.48 million. EnPro Industries had a return on equity of 7.33% and a net margin of 36.50%. EnPro Industries’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share.
In related news, SVP Jon D. Rickers sold 500 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $75.63, for a total value of $37,815.00. Following the sale, the senior vice president now directly owns 6,215 shares in the company, valued at approximately $470,040.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in NPO. FMR LLC raised its stake in EnPro Industries by 243.8% in the 2nd quarter. FMR LLC now owns 618,705 shares of the industrial products company’s stock valued at $43,278,000 after acquiring an additional 438,735 shares during the period. Gamco Investors INC. ET AL increased its position in shares of EnPro Industries by 91.3% during the second quarter. Gamco Investors INC. ET AL now owns 882,202 shares of the industrial products company’s stock valued at $61,710,000 after buying an additional 421,102 shares during the period. Dimensional Fund Advisors LP increased its position in shares of EnPro Industries by 30.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,069,483 shares of the industrial products company’s stock valued at $74,811,000 after buying an additional 248,556 shares during the period. Ceredex Value Advisors LLC bought a new stake in shares of EnPro Industries during the first quarter valued at about $19,230,000. Finally, Rothschild Asset Management Inc. bought a new stake in shares of EnPro Industries during the first quarter valued at about $16,648,000. Institutional investors and hedge funds own 92.71% of the company’s stock.
NPO traded down $0.08 during mid-day trading on Monday, reaching $77.66. 1,651 shares of the stock were exchanged, compared to its average volume of 91,091. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.64 and a quick ratio of 1.78. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 1.55 and a beta of 1.06. EnPro Industries has a 1 year low of $63.73 and a 1 year high of $94.79.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 19th. Investors of record on Wednesday, September 5th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Tuesday, September 4th. EnPro Industries’s dividend payout ratio is currently 41.74%.
EnPro Industries Company Profile
EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.
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