Equities research analysts forecast that EnPro Industries (NYSE:NPO) will post $343.53 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for EnPro Industries’ earnings, with estimates ranging from $334.40 million to $349.10 million. EnPro Industries reported sales of $286.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 19.7%. The firm is expected to report its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that EnPro Industries will report full-year sales of $343.53 million for the current financial year, with estimates ranging from $1.28 billion to $1.39 billion. For the next financial year, analysts expect that the company will report sales of $1.40 billion per share, with estimates ranging from $1.33 billion to $1.44 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow EnPro Industries.
EnPro Industries (NYSE:NPO) last posted its earnings results on Monday, October 30th. The industrial products company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.16). EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. The business had revenue of $343.70 million for the quarter, compared to the consensus estimate of $324.00 million. During the same period in the previous year, the firm earned $0.28 earnings per share. The company’s revenue was up 17.4% on a year-over-year basis.
NPO has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating on shares of EnPro Industries in a report on Wednesday, November 1st. FBR & Co set a $100.00 price target on shares of EnPro Industries and gave the stock a “buy” rating in a report on Tuesday, October 31st. TheStreet raised shares of EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Friday, November 3rd. Finally, BidaskClub lowered shares of EnPro Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $88.33.
Shares of EnPro Industries (NYSE:NPO) opened at $82.49 on Friday. The stock has a market cap of $1,759.18, a PE ratio of 46.34, a price-to-earnings-growth ratio of 2.16 and a beta of 1.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.27 and a quick ratio of 1.59. EnPro Industries has a 52-week low of $58.80 and a 52-week high of $84.98.
EnPro Industries announced that its Board of Directors has approved a share repurchase program on Monday, October 30th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.07%. EnPro Industries’s dividend payout ratio is presently 3.82%.
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In other news, insider Stephen E. Macadam sold 25,000 shares of EnPro Industries stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $84.06, for a total value of $2,101,500.00. Following the completion of the sale, the insider now directly owns 194,447 shares in the company, valued at $16,345,214.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in EnPro Industries by 5.0% during the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 71 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of EnPro Industries by 0.6% in the second quarter. Texas Permanent School Fund now owns 15,594 shares of the industrial products company’s stock worth $1,113,000 after purchasing an additional 90 shares during the last quarter. Amalgamated Bank lifted its stake in EnPro Industries by 3.4% in the second quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock worth $211,000 after acquiring an additional 98 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in EnPro Industries by 3.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,060 shares of the industrial products company’s stock worth $361,000 after acquiring an additional 170 shares during the period. Finally, Aperio Group LLC lifted its stake in EnPro Industries by 2.3% in the second quarter. Aperio Group LLC now owns 8,239 shares of the industrial products company’s stock worth $588,000 after acquiring an additional 189 shares during the period. 94.51% of the stock is currently owned by hedge funds and other institutional investors.
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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