Analysts expect that EnPro Industries, Inc. (NYSE:NPO) will announce $272.75 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for EnPro Industries’ earnings, with estimates ranging from $265.40 million to $280.10 million. EnPro Industries reported sales of $247.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.4%. The business is expected to report its next quarterly earnings results on Tuesday, August 3rd.
On average, analysts expect that EnPro Industries will report full-year sales of $1.09 billion for the current financial year, with estimates ranging from $1.08 billion to $1.10 billion. For the next financial year, analysts expect that the company will post sales of $1.16 billion, with estimates ranging from $1.15 billion to $1.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow EnPro Industries.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Friday, May 7th. The industrial products company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.42. EnPro Industries had a negative net margin of 1.52% and a positive return on equity of 7.30%. The business had revenue of $279.30 million for the quarter, compared to analysts’ expectations of $261.90 million.
Several equities research analysts recently commented on NPO shares. Sidoti started coverage on shares of EnPro Industries in a research report on Wednesday, April 7th. They issued a “buy” rating on the stock. Oppenheimer boosted their price objective on shares of EnPro Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, March 15th.
Shares of EnPro Industries stock traded up $0.99 on Monday, hitting $91.61. The company’s stock had a trading volume of 39,232 shares, compared to its average volume of 73,657. EnPro Industries has a 52-week low of $43.30 and a 52-week high of $96.16. The company has a quick ratio of 2.27, a current ratio of 2.95 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average price of $88.19 and a 200-day moving average price of $80.15. The company has a market capitalization of $1.89 billion, a P/E ratio of 23.72 and a beta of 1.63.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 16th. Shareholders of record on Wednesday, June 2nd will be issued a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, June 1st. This represents a $1.08 dividend on an annualized basis and a yield of 1.18%. EnPro Industries’s dividend payout ratio (DPR) is 26.54%.
In related news, Director John Humphrey acquired 2,500 shares of the business’s stock in a transaction dated Thursday, March 4th. The shares were acquired at an average cost of $83.37 per share, for a total transaction of $208,425.00. Also, Director Thomas M. Botts acquired 2,137 shares of the business’s stock in a transaction dated Tuesday, May 18th. The shares were bought at an average price of $93.49 per share, for a total transaction of $199,788.13. Following the completion of the acquisition, the director now owns 5,669 shares in the company, valued at $529,994.81. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 4,857 shares of company stock worth $428,790. 1.38% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of EnPro Industries by 5.0% during the 1st quarter. BlackRock Inc. now owns 3,320,985 shares of the industrial products company’s stock worth $283,180,000 after acquiring an additional 159,184 shares during the period. Capital International Investors increased its position in EnPro Industries by 93.5% during the 1st quarter. Capital International Investors now owns 452,824 shares of the industrial products company’s stock worth $38,612,000 after purchasing an additional 218,853 shares in the last quarter. Geode Capital Management LLC increased its position in EnPro Industries by 11.3% during the 1st quarter. Geode Capital Management LLC now owns 348,468 shares of the industrial products company’s stock worth $29,713,000 after purchasing an additional 35,294 shares in the last quarter. Norges Bank acquired a new stake in EnPro Industries during the 4th quarter worth approximately $24,600,000. Finally, Rothschild & Co. Asset Management US Inc. increased its position in EnPro Industries by 12.8% during the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 286,985 shares of the industrial products company’s stock worth $21,673,000 after purchasing an additional 32,464 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.
About EnPro Industries
EnPro Industries, Inc engages in the design, development, manufacture, marketing, and service of engineered industrial products worldwide. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; compression packing products; hydraulic components; expansion joints; pipeline casing spacers/isolators; and dynamic, flange, resilient metal, elastomeric, and custom-engineered mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.
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