EnPro Industries (NPO) to Release Quarterly Earnings on Monday

EnPro Industries (NYSE:NPOGet Rating) will issue its quarterly earnings data before the market opens on Monday, May 2nd. Analysts expect the company to announce earnings of $1.60 per share for the quarter. EnPro Industries has set its FY 2022 guidance at $6.700-$7.250 EPS and its FY22 guidance at $6.70 to $7.25 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

EnPro Industries (NYSE:NPOGet Rating) last issued its earnings results on Tuesday, February 22nd. The industrial products company reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.08. The business had revenue of $280.80 million for the quarter, compared to the consensus estimate of $253.77 million. EnPro Industries had a net margin of 15.52% and a return on equity of 10.01%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. On average, analysts expect EnPro Industries to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

EnPro Industries stock opened at $98.61 on Monday. The company’s 50 day moving average is $102.41. The company has a quick ratio of 1.46, a current ratio of 1.88 and a debt-to-equity ratio of 0.76. EnPro Industries has a fifty-two week low of $79.80 and a fifty-two week high of $117.63. The company has a market capitalization of $2.07 billion, a P/E ratio of 11.56 and a beta of 1.43.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 16th. Investors of record on Wednesday, March 2nd were paid a $0.28 dividend. The ex-dividend date was Tuesday, March 1st. This represents a $1.12 annualized dividend and a yield of 1.14%. This is a boost from EnPro Industries’s previous quarterly dividend of $0.27. EnPro Industries’s dividend payout ratio is 13.13%.

Several brokerages have weighed in on NPO. StockNews.com cut EnPro Industries from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research upgraded shares of EnPro Industries from a “strong sell” rating to a “hold” rating in a report on Thursday, January 20th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $121.67.

In other EnPro Industries news, CAO Steven R. Bower sold 1,308 shares of the stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $106.29, for a total transaction of $139,027.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John M. Childress II sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $107.61, for a total transaction of $1,076,100.00. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in EnPro Industries by 3.4% during the 4th quarter. BlackRock Inc. now owns 3,296,197 shares of the industrial products company’s stock worth $362,811,000 after buying an additional 107,746 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in EnPro Industries by 1,036.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 476,753 shares of the industrial products company’s stock valued at $52,476,000 after purchasing an additional 434,797 shares during the last quarter. Morgan Stanley grew its stake in EnPro Industries by 38.3% during the 2nd quarter. Morgan Stanley now owns 77,879 shares of the industrial products company’s stock valued at $7,566,000 after purchasing an additional 21,584 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of EnPro Industries by 3.6% in the 4th quarter. Legal & General Group Plc now owns 59,008 shares of the industrial products company’s stock valued at $6,495,000 after buying an additional 2,070 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of EnPro Industries by 1.3% in the 4th quarter. Alliancebernstein L.P. now owns 32,186 shares of the industrial products company’s stock valued at $3,543,000 after buying an additional 422 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

EnPro Industries Company Profile (Get Rating)

EnPro Industries, Inc engages in the design, development, manufacture, marketing, and service of engineered industrial products in the United States, Europe, and internationally. 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; wall penetration products; 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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Earnings History for EnPro Industries (NYSE:NPO)

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