Analysts predict that EnPro Industries, Inc. (NYSE:NPO) will report $364.93 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for EnPro Industries’ earnings, with the lowest sales estimate coming in at $348.50 million and the highest estimate coming in at $379.80 million. EnPro Industries reported sales of $307.60 million in the same quarter last year, which would suggest a positive year over year growth rate of 18.6%. The company is scheduled to report its next quarterly earnings results 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 financial year, analysts forecast that the firm will post sales of $1.52 billion per share, with estimates ranging from $1.46 billion to $1.55 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for EnPro Industries.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings data on Wednesday, May 2nd. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $355.07 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. EnPro Industries’s revenue for the quarter was up 24.7% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on NPO shares. Oppenheimer reissued a “buy” rating on shares of EnPro Industries in a research note on Wednesday, May 9th. ValuEngine raised EnPro Industries from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Zacks Investment Research lowered EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 8th. TheStreet lowered EnPro Industries from a “b” rating to a “c+” rating in a research note on Thursday, June 21st. Finally, KeyCorp lowered their target price on EnPro Industries from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, May 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $95.20.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank raised its position in EnPro Industries by 3.4% during 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% during 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. Millennium Management LLC raised its position in EnPro Industries by 67.9% during 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. Clearbridge LLC raised its position in EnPro Industries by 10.5% during the 4th quarter. Clearbridge LLC now owns 156,740 shares of the industrial products company’s stock valued at $14,657,000 after purchasing an additional 14,880 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in EnPro Industries by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 178,917 shares of the industrial products company’s stock valued at $16,730,000 after purchasing an additional 6,292 shares during the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.
Shares of EnPro Industries traded down $0.26, reaching $71.81, during midday trading on Friday, according to Marketbeat Ratings. The stock had a trading volume of 3,013 shares, compared to its average volume of 195,033. EnPro Industries has a 12-month low of $66.01 and a 12-month high of $94.79. The company has a current ratio of 3.45, a quick ratio of 2.52 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.48 billion, a P/E ratio of 31.33, a PEG ratio of 1.33 and a beta of 1.07.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Shareholders of record on Wednesday, June 6th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was 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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