Enpro (NYSE:NPO) Releases FY24 Earnings Guidance

Enpro (NYSE:NPO) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $7.00-$7.80 for the period, compared to the consensus estimate of $7.42.

Enpro Stock Up 1.3 %

Enpro stock traded up $1.84 during trading hours on Wednesday, hitting $147.18. The company had a trading volume of 121,209 shares, compared to its average volume of 99,062. The firm has a market capitalization of $3.08 billion, a P/E ratio of 138.94 and a beta of 1.55. The firm’s fifty day moving average is $157.13 and its 200-day moving average is $147.27. Enpro has a fifty-two week low of $93.23 and a fifty-two week high of $170.63. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.31 and a quick ratio of 2.59.

Enpro (NYSE:NPO) last announced its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. Enpro had a net margin of 2.10% and a return on equity of 9.67%. The firm had revenue of $257.50 million during the quarter, compared to analysts’ expectations of $269.00 million. During the same quarter last year, the company earned $1.95 earnings per share. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, research analysts forecast that Enpro will post 7.43 earnings per share for the current year.

Enpro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, June 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. Enpro’s dividend payout ratio is currently 113.21%.

Wall Street Analyst Weigh In

Separately, TheStreet raised Enpro from a c+ rating to a b- rating in a report on Thursday, February 1st.

Insiders Place Their Bets

In related news, CAO Robert Savage Mclean sold 6,400 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total value of $1,013,248.00. Following the completion of the sale, the chief accounting officer now owns 28,961 shares in the company, valued at approximately $4,585,105.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Der Graaf Kees Van sold 1,200 shares of Enpro stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $160.01, for a total value of $192,012.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robert Savage Mclean sold 6,400 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the completion of the sale, the chief accounting officer now directly owns 28,961 shares of the company’s stock, valued at $4,585,105.52. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

About Enpro

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.