EnPro Industries, Inc. (NPO) Expected to Post Earnings of $0.65 Per Share
Equities research analysts expect EnPro Industries, Inc. (NYSE:NPO) to report $0.65 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for EnPro Industries’ earnings. The highest EPS estimate is $0.72 and the lowest is $0.60. EnPro Industries reported earnings per share of $0.15 during the same quarter last year, which suggests a positive year over year growth rate of 333.3%. The company is expected to announce its next quarterly earnings results on Wednesday, February 21st.
On average, analysts expect that EnPro Industries will report full year earnings of $2.73 per share for the current financial year, with EPS estimates ranging from $2.35 to $3.10. For the next financial year, analysts forecast that the business will report earnings of $3.44 per share, with EPS estimates ranging from $3.19 to $3.70. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for EnPro Industries.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. The business had revenue of $343.70 million for the quarter, compared to the consensus estimate of $324.00 million. During the same quarter in the previous year, the business posted $0.28 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis.
A number of research firms recently commented on NPO. B. Riley reiterated a “buy” rating on shares of EnPro Industries in a report on Wednesday, November 1st. FBR & Co set a $100.00 price target on EnPro Industries and gave the stock a “buy” rating in a report on Tuesday, October 31st. KeyCorp reiterated a “hold” rating on shares of EnPro Industries in a report on Friday, October 20th. Zacks Investment Research cut EnPro Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, BidaskClub cut EnPro Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $95.00.
EnPro Industries (NPO) traded up $0.80 during trading on Friday, reaching $93.12. The company had a trading volume of 143,700 shares, compared to its average volume of 116,614. EnPro Industries has a fifty-two week low of $61.36 and a fifty-two week high of $93.24. 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 $1,968.79, a PE ratio of 51.87, a P/E/G ratio of 2.19 and a beta of 1.18.
EnPro Industries announced that its Board of Directors has initiated a share repurchase 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 buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, December 5th. EnPro Industries’s dividend payout ratio is presently 3.82%.
In other news, insider Stephen E. Macadam sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was 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 $16,345,214.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of EnPro Industries by 1.0% during the second quarter. Vanguard Group Inc. now owns 1,922,369 shares of the industrial products company’s stock worth $137,199,000 after acquiring an additional 19,621 shares during the period. Silver Point Capital L.P. boosted its holdings in shares of EnPro Industries by 2.4% during the third quarter. Silver Point Capital L.P. now owns 1,895,600 shares of the industrial products company’s stock worth $152,653,000 after acquiring an additional 45,000 shares during the period. Daruma Capital Management LLC boosted its holdings in shares of EnPro Industries by 1.1% during the second quarter. Daruma Capital Management LLC now owns 818,894 shares of the industrial products company’s stock worth $58,444,000 after acquiring an additional 9,234 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of EnPro Industries by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 723,406 shares of the industrial products company’s stock worth $58,256,000 after acquiring an additional 22,349 shares during the period. Finally, State Street Corp boosted its stake in shares of EnPro Industries by 3.8% in the second quarter. State Street Corp now owns 529,442 shares of the industrial products company’s stock valued at $37,786,000 after buying an additional 19,542 shares during the period. Institutional investors own 92.67% of the company’s stock.
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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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