Wall Street analysts forecast that EnPro Industries, Inc. (NYSE:NPO) will post earnings per share (EPS) of $1.24 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for EnPro Industries’ earnings, with the highest EPS estimate coming in at $1.28 and the lowest estimate coming in at $1.20. EnPro Industries posted earnings of $0.54 per share during the same quarter last year, which would indicate a positive year over year growth rate of 129.6%. The business is scheduled to issue its next quarterly earnings results on Tuesday, August 3rd.
According to Zacks, analysts expect that EnPro Industries will report full-year earnings of $4.96 per share for the current fiscal year, with EPS estimates ranging from $4.84 to $5.10. For the next year, analysts expect that the business will post earnings of $5.60 per share, with EPS estimates ranging from $5.31 to $5.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover EnPro Industries.
EnPro Industries (NYSE:NPO) last released its quarterly earnings data on Friday, May 7th. The industrial products company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.42. The company had revenue of $279.30 million during the quarter, compared to analyst estimates of $261.90 million. EnPro Industries had a negative net margin of 1.52% and a positive return on equity of 7.30%.
NPO stock remained flat at $$97.60 during midday trading on Thursday. 104,371 shares of the company’s stock were exchanged, compared to its average volume of 89,321. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of -123.54 and a beta of 1.63. The firm’s 50 day moving average price is $89.63. The company has a quick ratio of 2.27, a current ratio of 2.95 and a debt-to-equity ratio of 0.45. EnPro Industries has a fifty-two week low of $43.30 and a fifty-two week high of $99.94.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 16th. Stockholders of record on Wednesday, June 2nd will be paid a $0.27 dividend. The ex-dividend date is Tuesday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 1.11%. EnPro Industries’s payout ratio is 26.54%.
In other news, Director Thomas M. Botts bought 2,137 shares of EnPro Industries stock in a transaction dated Tuesday, May 18th. The stock was purchased at an average price of $93.49 per share, for a total transaction of $199,788.13. Following the purchase, the director now directly owns 5,669 shares in the company, valued at approximately $529,994.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.38% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC purchased a new position in shares of EnPro Industries in the 4th quarter worth about $376,000. EAM Global Investors LLC purchased a new position in shares of EnPro Industries in the 1st quarter worth about $2,320,000. Citigroup Inc. boosted its holdings in shares of EnPro Industries by 39.5% in the 4th quarter. Citigroup Inc. now owns 13,828 shares of the industrial products company’s stock worth $1,044,000 after buying an additional 3,915 shares during the last quarter. CIBC Asset Management Inc purchased a new position in shares of EnPro Industries in the 4th quarter worth about $205,000. Finally, Wakefield Asset Management LLLP purchased a new position in shares of EnPro Industries in the 1st quarter worth about $744,000. Hedge funds and other institutional investors own 93.90% 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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