Q4 2020 Earnings Estimate for EnPro Industries, Inc. (NYSE:NPO) Issued By Oppenheimer
EnPro Industries, Inc. (NYSE:NPO) – Research analysts at Oppenheimer dropped their Q4 2020 earnings estimates for shares of EnPro Industries in a research report issued on Thursday, June 25th. Oppenheimer analyst I. Zaffino now anticipates that the industrial products company will post earnings of $0.31 per share for the quarter, down from their previous estimate of $0.33. Oppenheimer currently has a “Buy” rating and a $65.00 target price on the stock. Oppenheimer also issued estimates for EnPro Industries’ FY2021 earnings at $1.61 EPS.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Sidoti raised their price objective on EnPro Industries from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. EnPro Industries currently has an average rating of “Hold” and an average price target of $57.00.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.22. EnPro Industries had a return on equity of 8.13% and a net margin of 18.35%. The business had revenue of $282.70 million during the quarter, compared to analyst estimates of $307.90 million.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Gamco Investors INC. ET AL lifted its position in EnPro Industries by 14.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,416,121 shares of the industrial products company’s stock worth $56,050,000 after acquiring an additional 177,373 shares during the period. Fiduciary Management Inc. WI lifted its holdings in shares of EnPro Industries by 0.7% in the 1st quarter. Fiduciary Management Inc. WI now owns 689,176 shares of the industrial products company’s stock valued at $27,278,000 after buying an additional 4,487 shares during the period. State Street Corp lifted its holdings in shares of EnPro Industries by 7.8% in the 1st quarter. State Street Corp now owns 683,406 shares of the industrial products company’s stock valued at $27,049,000 after buying an additional 49,691 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of EnPro Industries by 146.1% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 506,043 shares of the industrial products company’s stock valued at $33,844,000 after buying an additional 300,450 shares during the period. Finally, Norges Bank acquired a new position in shares of EnPro Industries in the 4th quarter valued at about $31,901,000. 92.80% of the stock is owned by institutional investors.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 2.17%. EnPro Industries’s dividend payout ratio is currently 38.81%.
About EnPro Industries
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 packing products; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; and modular sealing systems for sealing pipeline penetrations.
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