Equities analysts predict that EnPro Industries, Inc. (NYSE:NPO) will report $338.97 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for EnPro Industries’ earnings. The highest sales estimate is $358.60 million and the lowest is $307.30 million. EnPro Industries reported sales of $295.80 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.6%. The business is expected to announce its next quarterly earnings results on Monday, May 7th.
On average, analysts expect that EnPro Industries will report full year sales of $338.97 million for the current year, with estimates ranging from $1.36 billion to $1.47 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.48 billion per share, with estimates ranging from $1.41 billion to $1.52 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow EnPro Industries.
EnPro Industries (NYSE:NPO) last announced its earnings results on Tuesday, February 13th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. EnPro Industries had a net margin of 40.39% and a return on equity of 8.02%. The company had revenue of $362.50 million during the quarter, compared to analysts’ expectations of $348.10 million.
Several research firms recently weighed in on NPO. ValuEngine raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised shares of EnPro Industries from a “sell” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Saturday, February 17th. B. Riley reaffirmed a “buy” rating on shares of EnPro Industries in a research report on Thursday, February 15th. Oppenheimer upped their price objective on shares of EnPro Industries from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Finally, KeyCorp raised shares of EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 price objective for the company in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $96.00.
In related news, SVP Steven R. Bower bought 1,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $75.54 per share, with a total value of $75,540.00. Following the completion of the acquisition, the senior vice president now owns 1,118 shares of the company’s stock, valued at $84,453.72. The purchase was disclosed in a document filed with the SEC, which is available through this link. 2.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in NPO. First Trust Advisors LP increased its stake in shares of EnPro Industries by 4.9% in the third quarter. First Trust Advisors LP now owns 20,306 shares of the industrial products company’s stock valued at $1,635,000 after buying an additional 954 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of EnPro Industries in the third quarter valued at approximately $344,000. BNP Paribas Arbitrage SA increased its stake in shares of EnPro Industries by 43.8% in the third quarter. BNP Paribas Arbitrage SA now owns 11,234 shares of the industrial products company’s stock valued at $905,000 after buying an additional 3,424 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of EnPro Industries by 58.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,010 shares of the industrial products company’s stock valued at $645,000 after buying an additional 2,950 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of EnPro Industries by 26.5% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,165 shares of the industrial products company’s stock valued at $577,000 after buying an additional 1,500 shares during the period. 92.80% of the stock is owned by institutional investors.
EnPro Industries (NYSE:NPO) traded up $0.90 on Tuesday, reaching $77.77. 51,400 shares of the company traded hands, compared to its average volume of 143,974. EnPro Industries has a 1-year low of $62.37 and a 1-year high of $94.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.06 and a quick ratio of 2.30. The company has a market capitalization of $1,669.54, a PE ratio of 3.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.17.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from EnPro Industries’s previous quarterly dividend of $0.22. EnPro Industries’s dividend payout ratio is 3.96%.
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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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