Wall Street brokerages predict that EnPro Industries, Inc. (NYSE:NPO) will announce sales of $338.97 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for EnPro Industries’ earnings. The lowest sales estimate is $307.30 million and the highest is $358.60 million. EnPro Industries reported sales of $295.80 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.6%. The firm is expected to issue its next quarterly earnings results on Monday, May 7th.
On average, analysts expect that EnPro Industries will report full year sales of $338.97 million for the current financial year, with estimates ranging from $1.36 billion to $1.47 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.48 billion per share, with estimates ranging from $1.41 billion to $1.52 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow EnPro Industries.
EnPro Industries (NYSE:NPO) last issued its earnings results on Tuesday, February 13th. The industrial products company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. EnPro Industries had a net margin of 40.39% and a return on equity of 8.05%. The company had revenue of $362.50 million for the quarter, compared to analyst estimates of $348.10 million.
Several research analysts have weighed in on NPO shares. B. Riley restated a “buy” rating on shares of EnPro Industries in a research report on Thursday, February 15th. Zacks Investment Research lowered shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, November 3rd. Oppenheimer upped their target price on shares of EnPro Industries from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. KeyCorp upgraded shares of EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 target price on the stock in a research report on Friday, December 8th. Finally, FBR & Co set a $100.00 target price on shares of EnPro Industries and gave the stock a “buy” rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. EnPro Industries has a consensus rating of “Buy” and an average price target of $96.00.
EnPro Industries (NYSE:NPO) opened at $76.00 on Friday. The company has a current ratio of 3.08, a quick ratio of 2.32 and a debt-to-equity ratio of 0.69. EnPro Industries has a 1 year low of $62.19 and a 1 year high of $94.79. The firm has a market cap of $1,612.65, a PE ratio of 3.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.03.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This is a positive change from EnPro Industries’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 1.26%. EnPro Industries’s dividend payout ratio is currently 3.63%.
EnPro Industries announced that its board has approved a stock repurchase plan on Monday, October 30th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Several hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its position in shares of EnPro Industries by 7.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 9,200 shares of the industrial products company’s stock valued at $860,000 after purchasing an additional 600 shares during the last quarter. Koch Industries Inc. grew its position in shares of EnPro Industries by 19.8% in the fourth quarter. Koch Industries Inc. now owns 3,837 shares of the industrial products company’s stock valued at $359,000 after purchasing an additional 634 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of EnPro Industries by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 111,577 shares of the industrial products company’s stock valued at $10,434,000 after purchasing an additional 673 shares during the last quarter. Rhumbline Advisers grew its position in shares of EnPro Industries by 1.7% in the third quarter. Rhumbline Advisers now owns 44,106 shares of the industrial products company’s stock valued at $3,552,000 after purchasing an additional 750 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of EnPro Industries by 4.5% in the fourth quarter. First Trust Advisors LP now owns 21,210 shares of the industrial products company’s stock valued at $1,983,000 after purchasing an additional 904 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.
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.
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