Brokers Set Expectations for EnPro Industries’ FY2017 Earnings (NPO)
EnPro Industries (NYSE:NPO) – Equities researchers at Gabelli lifted their FY2017 earnings per share estimates for shares of EnPro Industries in a research note issued to investors on Friday. Gabelli analyst J. Bergner now anticipates that the industrial products company will post earnings per share of $3.10 for the year, up from their previous estimate of $3.05. Gabelli also issued estimates for EnPro Industries’ FY2018 earnings at $3.65 EPS and FY2021 earnings at $4.75 EPS.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings data on Monday, October 30th. The industrial products company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The company had revenue of $343.70 million for the quarter, compared to analysts’ expectations of $324.00 million. EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share.
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A number of other equities research analysts have also recently weighed in on NPO. FBR & Co restated an “outperform” rating on shares of EnPro Industries in a research note on Tuesday, July 11th. BidaskClub cut EnPro Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 3rd. TheStreet upgraded EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. Finally, KeyCorp restated a “hold” rating on shares of EnPro Industries in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $88.33.
Shares of EnPro Industries (NYSE:NPO) opened at $84.23 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.27 and a quick ratio of 1.59. The company has a market capitalization of $1,800.32, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 2.12 and a beta of 1.17.
EnPro Industries announced that its board has approved a share repurchase plan on Monday, October 30th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, December 5th. EnPro Industries’s dividend payout ratio (DPR) is presently 3.82%.
In other EnPro Industries news, insider Todd L. Anderson sold 2,148 shares of the stock in a transaction dated 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 in the company, valued at $654,030. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its stake in EnPro Industries by 5.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after buying an additional 71 shares during the last quarter. Riverhead Capital Management LLC raised its stake in EnPro Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock valued at $133,000 after buying an additional 665 shares during the last quarter. Amalgamated Bank purchased a new stake in EnPro Industries in the first quarter valued at about $203,000. BB&T Securities LLC purchased a new stake in EnPro Industries in the second quarter valued at about $222,000. Finally, State of Alaska Department of Revenue raised its stake in EnPro Industries by 78.1% in the second quarter. State of Alaska Department of Revenue now owns 4,203 shares of the industrial products company’s stock valued at $299,000 after buying an additional 1,843 shares during the last quarter. Institutional investors own 94.51% of the company’s stock.
About EnPro Industries
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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