Wall Street analysts predict that EnPro Industries (NYSE:NPO) will announce sales of $364.93 million for the current quarter, according to Zacks. Three analysts have made estimates for EnPro Industries’ earnings, with estimates ranging from $348.50 million to $379.80 million. EnPro Industries reported sales of $307.60 million during the same quarter last year, which would suggest a positive year over year growth rate of 18.6%. The firm is scheduled to announce its next quarterly earnings report on Monday, July 30th.
According to Zacks, analysts expect that EnPro Industries will report full year sales of $1.47 billion for the current fiscal year, with estimates ranging from $1.41 billion to $1.50 billion. For the next year, analysts forecast that the company will report sales of $1.52 billion per share, with estimates ranging from $1.46 billion to $1.55 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow EnPro Industries.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Wednesday, May 2nd. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.11). EnPro Industries had a return on equity of 7.77% and a net margin of 38.71%. The firm had revenue of $368.80 million for the quarter, compared to analyst estimates of $355.07 million. During the same quarter last year, the firm earned $0.30 EPS. The company’s revenue was up 24.7% on a year-over-year basis.
Several brokerages have recently issued reports on NPO. Zacks Investment Research cut shares of EnPro Industries from a “buy” rating to a “sell” rating in a report on Wednesday, February 14th. B. Riley restated a “buy” rating on shares of EnPro Industries in a report on Thursday, February 15th. ValuEngine upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a report on Thursday. KeyCorp lowered their target price on shares of EnPro Industries from $105.00 to $90.00 and set an “overweight” rating for the company in a report on Thursday, May 3rd. Finally, Oppenheimer set a $100.00 target price on shares of EnPro Industries and gave the company a “buy” rating in a report on Thursday, May 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $95.20.
In related news, SVP Steven R. Bower bought 1,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $75.54 per share, for a total transaction of $75,540.00. Following the acquisition, the senior vice president now owns 1,118 shares in the company, valued at approximately $84,453.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank raised its position in EnPro Industries by 3.4% in the 4th quarter. Swiss National Bank now owns 36,400 shares of the industrial products company’s stock valued at $3,404,000 after purchasing an additional 1,200 shares during the last quarter. Renaissance Technologies LLC raised its position in EnPro Industries by 32.0% in the 4th quarter. Renaissance Technologies LLC now owns 201,400 shares of the industrial products company’s stock valued at $18,833,000 after purchasing an additional 48,800 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in EnPro Industries in the 4th quarter valued at $5,347,000. Eagle Asset Management Inc. purchased a new stake in EnPro Industries in the 4th quarter valued at $17,956,000. Finally, Millennium Management LLC raised its position in EnPro Industries by 67.9% in the 4th quarter. Millennium Management LLC now owns 365,749 shares of the industrial products company’s stock valued at $34,201,000 after purchasing an additional 147,898 shares during the last quarter. Hedge funds and other institutional investors own 98.97% of the company’s stock.
Shares of EnPro Industries stock opened at $74.48 on Monday. EnPro Industries has a 12-month low of $65.12 and a 12-month high of $94.79. The company has a quick ratio of 2.52, a current ratio of 3.45 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.56 billion, a PE ratio of 27.48, a P/E/G ratio of 1.52 and a beta of 1.08.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Stockholders of record on Wednesday, June 6th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, June 5th. EnPro Industries’s payout ratio is 41.74%.
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 packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.
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