EnPro Industries, Inc. (NYSE:NPO) Expected to Post Earnings of $1.35 Per Share

Brokerages predict that EnPro Industries, Inc. (NYSE:NPO) will report earnings of $1.35 per share for the current quarter, Zacks reports. Two analysts have issued estimates for EnPro Industries’ earnings, with estimates ranging from $1.34 to $1.36. EnPro Industries reported earnings per share of $1.36 during the same quarter last year, which indicates a negative year over year growth rate of 0.7%. The business is expected to report its next quarterly earnings results on Wednesday, October 30th.

On average, analysts expect that EnPro Industries will report full year earnings of $4.35 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.50. For the next fiscal year, analysts anticipate that the company will post earnings of $4.87 per share, with EPS estimates ranging from $4.70 to $4.96. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow EnPro Industries.

EnPro Industries (NYSE:NPO) last posted its earnings results on Monday, July 29th. The industrial products company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.32. The firm had revenue of $387.00 million for the quarter, compared to the consensus estimate of $389.77 million. EnPro Industries had a net margin of 2.58% and a return on equity of 10.45%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. ValuEngine raised shares of EnPro Industries from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $81.00.

In other news, Director Stephen E. Macadam sold 11,261 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $67.26, for a total value of $757,414.86. Following the sale, the director now directly owns 227,388 shares of the company’s stock, valued at $15,294,116.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Judd Dayton purchased 40,508 shares of the stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $9.75 per share, for a total transaction of $394,953.00. Company insiders own 2.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. Mackenzie Financial Corp grew its position in shares of EnPro Industries by 199,941.4% in the second quarter. Mackenzie Financial Corp now owns 12,102,505 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 12,096,455 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of EnPro Industries by 6.1% in the second quarter. Gamco Investors INC. ET AL now owns 1,372,654 shares of the industrial products company’s stock valued at $87,630,000 after buying an additional 78,808 shares during the period. Paradice Investment Management LLC lifted its stake in shares of EnPro Industries by 11.0% in the second quarter. Paradice Investment Management LLC now owns 764,465 shares of the industrial products company’s stock valued at $48,803,000 after buying an additional 75,483 shares during the period. Northern Trust Corp lifted its stake in shares of EnPro Industries by 2.6% in the second quarter. Northern Trust Corp now owns 328,378 shares of the industrial products company’s stock valued at $20,963,000 after buying an additional 8,406 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of EnPro Industries by 625.8% in the second quarter. Invesco Ltd. now owns 326,669 shares of the industrial products company’s stock valued at $20,854,000 after buying an additional 281,659 shares during the period. 92.36% of the stock is currently owned by institutional investors.

EnPro Industries stock traded up $0.23 during mid-day trading on Wednesday, hitting $63.43. 123,420 shares of the company’s stock were exchanged, compared to its average volume of 120,770. The company has a current ratio of 2.52, a quick ratio of 1.65 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.32 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.06 and a beta of 1.84. EnPro Industries has a 1-year low of $55.43 and a 1-year high of $75.73. The stock has a 50 day moving average of $65.53 and a two-hundred day moving average of $65.02.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, September 3rd. EnPro Industries’s dividend payout ratio is currently 25.58%.

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 packing products; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; and modular sealing systems for sealing pipeline penetrations.

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

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