Enpro (NYSE:NPO) Updates FY 2024 Earnings Guidance

Enpro (NYSE:NPO) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 6.750-7.000 for the period, compared to the consensus EPS estimate of 7.270. The company issued revenue guidance of -. Enpro also updated its FY24 guidance to $6.75-7.00 EPS.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Enpro from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd.

Enpro Stock Up 13.6 %

NPO traded up $20.27 during midday trading on Wednesday, hitting $169.02. 136,714 shares of the company’s stock traded hands, compared to its average volume of 94,982. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.72 and a quick ratio of 1.90. The company has a market cap of $3.55 billion, a PE ratio of 82.82 and a beta of 1.41. The stock’s fifty day simple moving average is $154.56 and its 200-day simple moving average is $152.88. Enpro has a one year low of $116.43 and a one year high of $176.13.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.13). Enpro had a return on equity of 9.54% and a net margin of 4.14%. The business had revenue of $260.90 million for the quarter, compared to analyst estimates of $264.47 million. During the same quarter last year, the company earned $1.58 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities analysts anticipate that Enpro will post 7.4 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, December 4th. Enpro’s payout ratio is 59.41%.

Insider Buying and Selling

In other news, CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $150.06, for a total value of $232,292.88. Following the transaction, the chief accounting officer now directly owns 604 shares in the company, valued at approximately $90,636.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Enpro Company Profile

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.