Wall Street analysts predict that EnPro Industries, Inc. (NYSE:NPO) will post sales of $376.80 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for EnPro Industries’ earnings, with the highest sales estimate coming in at $382.00 million and the lowest estimate coming in at $369.40 million. EnPro Industries posted sales of $343.70 million during the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The firm is scheduled to announce its next quarterly earnings report on Monday, October 29th.
According to Zacks, analysts expect that EnPro Industries will report full year sales of $1.52 billion for the current year, with estimates ranging from $1.51 billion to $1.52 billion. For the next year, analysts expect that the firm will post sales of $1.57 billion, with estimates ranging from $1.56 billion to $1.58 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow EnPro Industries.
EnPro Industries (NYSE:NPO) last released its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.37). EnPro Industries had a return on equity of 7.33% and a net margin of 36.50%. The company had revenue of $393.60 million for the quarter, compared to analyst estimates of $370.48 million. During the same quarter last year, the company earned $1.01 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis.
NPO has been the subject of several research analyst reports. ValuEngine downgraded shares of EnPro Industries from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. SunTrust Banks initiated coverage on shares of EnPro Industries in a research report on Wednesday, July 11th. They set a “buy” rating and a $92.00 price target for the company. B. Riley reduced their price target on shares of EnPro Industries from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, August 6th. TheStreet downgraded shares of EnPro Industries from a “b” rating to a “c+” rating in a research report on Thursday, June 21st. Finally, Zacks Investment Research upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $90.67.
Shares of NPO traded down $0.43 during mid-day trading on Friday, hitting $66.75. 137,969 shares of the company were exchanged, compared to its average volume of 156,573. EnPro Industries has a 1-year low of $63.73 and a 1-year high of $94.79. The company has a quick ratio of 1.78, a current ratio of 2.64 and a debt-to-equity ratio of 0.56. The company has a market cap of $1.53 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 1.53 and a beta of 1.06.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 19th. Investors of record on Wednesday, September 5th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, September 4th. This represents a $0.96 annualized dividend and a dividend yield of 1.44%. EnPro Industries’s dividend payout ratio (DPR) is presently 41.74%.
In other EnPro Industries news, SVP Jon D. Rickers sold 500 shares of the stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $75.63, for a total value of $37,815.00. Following the completion of the sale, the senior vice president now owns 6,215 shares in the company, valued at approximately $470,040.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp raised its holdings in EnPro Industries by 2.9% in the 2nd quarter. Northern Trust Corp now owns 297,736 shares of the industrial products company’s stock valued at $20,826,000 after acquiring an additional 8,256 shares during the last quarter. WealthTrust Fairport LLC acquired a new stake in EnPro Industries in the 2nd quarter valued at about $1,174,000. Bank of New York Mellon Corp raised its holdings in EnPro Industries by 11.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 445,313 shares of the industrial products company’s stock valued at $31,150,000 after acquiring an additional 47,522 shares during the last quarter. Schroder Investment Management Group raised its holdings in EnPro Industries by 105.7% in the 2nd quarter. Schroder Investment Management Group now owns 361,540 shares of the industrial products company’s stock valued at $25,456,000 after acquiring an additional 185,742 shares during the last quarter. Finally, Trilogy Capital Inc. acquired a new stake in EnPro Industries in the 2nd quarter valued at about $189,000. Institutional investors own 92.70% of the company’s stock.
EnPro Industries Company Profile
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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