Brokerages forecast that EnPro Industries (NYSE:NPO) will announce earnings of $0.85 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for EnPro Industries’ earnings. The highest EPS estimate is $1.02 and the lowest is $0.61. EnPro Industries reported earnings per share of $0.44 during the same quarter last year, which would suggest a positive year-over-year growth rate of 93.2%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.
According to Zacks, analysts expect that EnPro Industries will report full-year earnings of $3.76 per share for the current year, with EPS estimates ranging from $3.43 to $4.05. For the next year, analysts anticipate that the business will report earnings of $4.45 per share, with EPS estimates ranging from $4.30 to $4.70. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover EnPro Industries.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Tuesday, February 13th. The industrial products company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.02. The business had revenue of $362.50 million during the quarter, compared to analyst estimates of $348.10 million. EnPro Industries had a net margin of 40.39% and a return on equity of 8.02%.
In related news, SVP Steven R. Bower bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $75.54 per share, for a total transaction of $75,540.00. Following the completion of the transaction, the senior vice president now owns 1,118 shares in the company, valued at $84,453.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new position in EnPro Industries during the fourth quarter valued at $210,000. LS Investment Advisors LLC lifted its position in EnPro Industries by 225.3% during the fourth quarter. LS Investment Advisors LLC now owns 2,388 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 1,654 shares during the last quarter. SG Americas Securities LLC bought a new position in EnPro Industries during the third quarter valued at $200,000. Cubist Systematic Strategies LLC lifted its position in EnPro Industries by 64.2% during the third quarter. Cubist Systematic Strategies LLC now owns 2,489 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 973 shares during the last quarter. Finally, Invictus RG bought a new position in EnPro Industries during the fourth quarter valued at $308,000. Institutional investors and hedge funds own 92.76% of the company’s stock.
Shares of NYSE:NPO traded up $0.02 during midday trading on Friday, reaching $80.22. 3,867 shares of the company were exchanged, compared to its average volume of 154,701. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.30 and a current ratio of 3.06. EnPro Industries has a one year low of $64.96 and a one year high of $94.79. The firm has a market cap of $1,707.33, a price-to-earnings ratio of 34.38, a P/E/G ratio of 0.94 and a beta of 1.06.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were given a dividend of $0.24 per share. This is a positive change from EnPro Industries’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, March 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.20%. EnPro Industries’s dividend payout ratio is currently 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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