Equities research analysts forecast that EnPro Industries, Inc. (NYSE:NPO) will report $272.75 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for EnPro Industries’ earnings, with the highest sales estimate coming in at $280.10 million and the lowest estimate coming in at $265.40 million. EnPro Industries reported sales of $247.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.4%. The firm is scheduled to announce its next earnings report on Tuesday, August 3rd.
According to Zacks, analysts expect that EnPro Industries will report full year sales of $1.09 billion for the current fiscal year, with estimates ranging from $1.08 billion to $1.10 billion. For the next financial year, analysts expect that the business will post sales of $1.16 billion, with estimates ranging from $1.15 billion to $1.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow EnPro Industries.
EnPro Industries (NYSE:NPO) last announced its quarterly earnings results on Friday, May 7th. The industrial products company reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.42. The business 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 Friday. 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 large investors have recently modified their holdings of NPO. Point72 Hong Kong Ltd purchased a new position in shares of EnPro Industries in the 1st quarter worth about $32,000. Capital Asset Advisory Services LLC purchased a new position in shares of EnPro Industries in the 4th quarter worth about $47,000. Bessemer Group Inc. purchased a new position in shares of EnPro Industries in the 4th quarter worth about $60,000. Veriti Management LLC purchased a new position in shares of EnPro Industries in the 4th quarter worth about $80,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of EnPro Industries in the 4th quarter worth about $118,000. 93.90% of the stock is currently owned by institutional investors.
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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