Enpro (NYSE:NPO) Updates FY 2024 Earnings Guidance

Enpro (NYSE:NPO) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 7.000-7.800 for the period, compared to the consensus earnings per share estimate of 7.420. The company issued revenue guidance of -.

Analyst Ratings Changes

Separately, TheStreet raised shares of Enpro from a c+ rating to a b- rating in a research note on Thursday, February 1st.

Enpro Price Performance

NPO stock traded up $0.67 during midday trading on Wednesday, hitting $146.00. The company’s stock had a trading volume of 21,725 shares, compared to its average volume of 97,910. Enpro has a 12 month low of $93.23 and a 12 month high of $170.63. The company has a quick ratio of 2.59, a current ratio of 3.31 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 137.11 and a beta of 1.55. The company has a 50 day moving average of $157.13 and a two-hundred day moving average of $147.27.

Enpro (NYSE:NPO) last posted its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.03. Enpro had a return on equity of 9.67% and a net margin of 2.10%. The business had revenue of $257.50 million during the quarter, compared to the consensus estimate of $269.00 million. During the same period in the prior year, the company posted $1.95 EPS. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, analysts expect that Enpro will post 7.43 EPS for the current year.

Enpro Dividend Announcement

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

Insider Activity

In other news, Director Der Graaf Kees Van sold 1,200 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was 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 other news, Director Der Graaf Kees Van sold 1,200 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was 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. Also, CAO Robert Savage Mclean sold 6,400 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $158.32, for a total value of $1,013,248.00. Following the sale, the chief accounting officer now 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.

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.