Enpro (NYSE:NPO) Announces Earnings Results

Enpro (NYSE:NPO) posted its quarterly earnings results on Tuesday. The industrial products company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.54 by $0.03, Briefing.com reports. Enpro had a return on equity of 9.67% and a net margin of 2.10%. The business had revenue of $257.50 million for the quarter, compared to analyst estimates of $269.00 million. During the same quarter in the previous year, the firm earned $1.95 EPS. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. Enpro updated its FY24 guidance to $7.00-$7.80 EPS.

Enpro Trading Up 1.2 %

NYSE NPO traded up $1.72 during trading hours on Wednesday, hitting $147.05. 58,551 shares of the company’s stock were exchanged, compared to its average volume of 98,335. The firm has a market capitalization of $3.08 billion, a P/E ratio of 137.72 and a beta of 1.55. Enpro has a 12-month low of $93.23 and a 12-month high of $170.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.59 and a current ratio of 3.31. The business’s 50 day moving average is $157.13 and its 200-day moving average is $147.27.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. Enpro’s dividend payout ratio (DPR) is 113.21%.

Insider Activity

In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total transaction of $192,012.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Robert Savage Mclean sold 6,400 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total value of $1,013,248.00. Following the transaction, the chief accounting officer now directly owns 28,961 shares in the company, valued at approximately $4,585,105.52. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Enpro from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.