Wall Street brokerages expect EnPro Industries, Inc. (NYSE:NPO) to post $0.87 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for EnPro Industries’ earnings, with estimates ranging from $0.61 to $1.02. EnPro Industries reported earnings per share of $0.44 in the same quarter last year, which suggests a positive year-over-year growth rate of 97.7%. The company is scheduled to issue its next earnings report on Monday, May 7th.
According to Zacks, analysts expect that EnPro Industries will report full year earnings of $3.87 per share for the current financial year, with EPS estimates ranging from $3.43 to $4.24. For the next year, analysts anticipate that the firm will post earnings of $4.45 per share, with EPS estimates ranging from $4.30 to $4.70. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for EnPro Industries.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings results on Tuesday, February 13th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.02. The company had revenue of $362.50 million for the quarter, compared to analyst estimates of $348.10 million. EnPro Industries had a net margin of 40.39% and a return on equity of 8.05%.
A number of research firms recently weighed in on NPO. B. Riley restated a “buy” rating on shares of EnPro Industries in a research note on Wednesday, November 1st. Zacks Investment Research raised EnPro Industries from a “sell” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Saturday, February 17th. FBR & Co set a $100.00 price objective on EnPro Industries and gave the company a “buy” rating in a report on Tuesday, October 31st. Oppenheimer increased their price target on EnPro Industries from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. Finally, KeyCorp raised EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 price target for the company in a report on Friday, December 8th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. EnPro Industries has an average rating of “Buy” and an average price target of $96.00.
EnPro Industries (NYSE:NPO) traded down $1.04 during mid-day trading on Thursday, hitting $75.36. 141,812 shares of the company were exchanged, compared to its average volume of 131,321. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.08 and a quick ratio of 2.32. EnPro Industries has a 12-month low of $62.19 and a 12-month high of $94.79. The stock has a market capitalization of $1,630.00, a price-to-earnings ratio of 3.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.03.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.27%. This is a positive change from EnPro Industries’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, March 6th. EnPro Industries’s dividend payout ratio (DPR) is presently 3.80%.
EnPro Industries declared that its board has authorized a stock repurchase plan on Monday, October 30th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NPO. SG Americas Securities LLC acquired a new position in EnPro Industries during the 3rd quarter worth approximately $200,000. Cubist Systematic Strategies LLC lifted its position in EnPro Industries by 64.2% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,489 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 973 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in EnPro Industries during the 4th quarter worth approximately $210,000. LS Investment Advisors LLC lifted its position in EnPro Industries by 225.3% during the 4th quarter. LS Investment Advisors LLC now owns 2,388 shares of the industrial products company’s stock worth $223,000 after acquiring an additional 1,654 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in EnPro Industries during the 3rd quarter worth approximately $306,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.
EnPro Industries Company Profile
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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