Enpro (NYSE:NPO) Releases Earnings Results, Beats Estimates By $0.03 EPS

Enpro (NYSE:NPO) announced its quarterly earnings data on Tuesday. The industrial products company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03, Briefing.com reports. The business had revenue of $257.50 million for the quarter, compared to analyst estimates of $269.00 million. Enpro had a return on equity of 9.67% and a net margin of 2.10%. The company’s revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.95 earnings per share. Enpro updated its FY24 guidance to $7.00-$7.80 EPS.

Enpro Stock Performance

Enpro stock traded up $0.05 during midday trading on Thursday, hitting $147.33. 2,901 shares of the company were exchanged, compared to its average volume of 97,973. The firm has a market capitalization of $3.09 billion, a PE ratio of 138.84 and a beta of 1.55. Enpro has a fifty-two week low of $93.23 and a fifty-two week high of $170.63. The business has a fifty day simple moving average of $156.89 and a two-hundred day simple moving average of $147.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.59 and a current ratio of 3.31.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, June 5th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, June 4th. Enpro’s dividend payout ratio (DPR) is 113.21%.

Analysts Set New Price Targets

Separately, TheStreet raised Enpro from a “c+” rating to a “b-” rating in a report on Thursday, February 1st.

Insider Buying and Selling

In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total value of $192,012.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total value of $192,012.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Robert Savage Mclean sold 6,400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $158.32, for a total value of $1,013,248.00. Following the completion of the transaction, the chief accounting officer now owns 28,961 shares in the company, valued at approximately $4,585,105.52. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.