EnPro Industries, Inc. (NYSE:NPO – Get Rating) – Oppenheimer dropped their FY2022 earnings per share (EPS) estimates for EnPro Industries in a note issued to investors on Monday, May 2nd. Oppenheimer analyst I. Zaffino now forecasts that the industrial products company will post earnings per share of $6.68 for the year, down from their previous forecast of $7.34. Oppenheimer also issued estimates for EnPro Industries’ Q4 2022 earnings at $1.31 EPS and FY2023 earnings at $7.06 EPS.
EnPro Industries (NYSE:NPO – Get Rating) last posted its earnings results on Monday, May 2nd. The industrial products company reported $1.83 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.30. The company had revenue of $328.70 million during the quarter, compared to analysts’ expectations of $298.23 million. EnPro Industries had a net margin of 14.73% and a return on equity of 10.47%. EnPro Industries’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share.
NYSE NPO opened at $96.02 on Thursday. The company has a fifty day simple moving average of $99.90 and a two-hundred day simple moving average of $103.91. The stock has a market cap of $2.01 billion, a P/E ratio of 11.39 and a beta of 1.37. EnPro Industries has a 12-month low of $79.80 and a 12-month high of $117.63. The company has a current ratio of 1.77, a quick ratio of 1.46 and a debt-to-equity ratio of 0.73.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 1.17%. EnPro Industries’s dividend payout ratio (DPR) is presently 13.29%.
In related news, CFO John M. Childress II sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $107.61, for a total transaction of $1,076,100.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Steven R. Bower sold 1,308 shares of the firm’s stock in a transaction on Friday, March 4th. The shares were sold at an average price of $106.29, for a total transaction of $139,027.32. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in NPO. UMB Bank N A MO acquired a new stake in shares of EnPro Industries in the first quarter valued at about $27,000. Lazard Asset Management LLC acquired a new stake in shares of EnPro Industries in the fourth quarter valued at about $54,000. KBC Group NV acquired a new stake in shares of EnPro Industries in the third quarter valued at about $60,000. Alpha Paradigm Partners LLC acquired a new stake in shares of EnPro Industries in the fourth quarter valued at about $69,000. Finally, Advisor Group Holdings Inc. grew its position in shares of EnPro Industries by 8.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,250 shares of the industrial products company’s stock valued at $138,000 after purchasing an additional 97 shares during the period. Institutional investors own 94.26% 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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