Research Analysts Offer Predictions for EnPro Industries’ FY2017 Earnings (NPO)

EnPro Industries (NYSE:NPO) – Stock analysts at Oppenheimer Holdings issued their FY2017 EPS estimates for EnPro Industries in a research note issued on Monday. Oppenheimer Holdings analyst I. Zaffino forecasts that the industrial products company will post earnings of $2.21 per share for the year. Oppenheimer Holdings also issued estimates for EnPro Industries’ Q4 2017 earnings at $0.58 EPS and FY2018 earnings at $2.69 EPS.

NPO has been the topic of several other research reports. FBR & Co reaffirmed a “buy” rating and set a $85.00 price objective on shares of EnPro Industries in a report on Tuesday, September 12th. Zacks Investment Research raised EnPro Industries from a “hold” rating to a “strong-buy” rating and set a $80.00 price objective on the stock in a report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of EnPro Industries in a report on Friday, October 20th. BidaskClub downgraded EnPro Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Finally, TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. EnPro Industries has an average rating of “Hold” and an average price target of $88.33.

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EnPro Industries (NYSE:NPO) last issued its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.16). EnPro Industries had a net margin of 40.74% and a return on equity of 7.92%. The firm had revenue of $343.70 million for the quarter, compared to analyst estimates of $324.00 million. During the same quarter last year, the business posted $0.28 earnings per share. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year.

Several hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its stake in shares of EnPro Industries by 5.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 71 shares during the period. Texas Permanent School Fund lifted its stake in shares of EnPro Industries by 0.6% in the 2nd quarter. Texas Permanent School Fund now owns 15,594 shares of the industrial products company’s stock valued at $1,113,000 after purchasing an additional 90 shares during the period. Amalgamated Bank lifted its stake in shares of EnPro Industries by 3.4% in the 2nd quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 98 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of EnPro Industries by 3.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,060 shares of the industrial products company’s stock valued at $361,000 after purchasing an additional 170 shares during the period. Finally, Aperio Group LLC lifted its stake in shares of EnPro Industries by 2.3% in the 2nd quarter. Aperio Group LLC now owns 8,239 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 189 shares during the period. 94.48% of the stock is currently owned by institutional investors.

In other news, insider Todd L. Anderson sold 2,148 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $72.67, for a total value of $156,095.16. Following the transaction, the insider now owns 9,000 shares of the company’s stock, valued at approximately $654,030. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen E. Macadam sold 26,318 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $74.08, for a total value of $1,949,637.44. Following the completion of the transaction, the insider now directly owns 245,765 shares in the company, valued at approximately $18,206,271.20. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

EnPro Industries announced that its board has approved a share buyback plan on Monday, October 30th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Tuesday, December 5th. EnPro Industries’s dividend payout ratio (DPR) is currently 3.82%.

EnPro Industries Company Profile

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.

Earnings History and Estimates for EnPro Industries (NYSE:NPO)

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