Enpro (NYSE:NPO) Issues Earnings Results, Misses Estimates By $0.13 EPS

Enpro (NYSE:NPO) released its quarterly earnings results on Tuesday. The industrial products company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.13), Briefing.com reports. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The firm had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. During the same quarter in the prior year, the company posted $1.58 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. Enpro updated its FY 2024 guidance to 6.750-7.000 EPS and its FY24 guidance to $6.75-7.00 EPS.

Enpro Price Performance

Shares of NYSE:NPO traded up $19.58 during trading on Wednesday, reaching $168.33. The company had a trading volume of 159,458 shares, compared to its average volume of 95,088. The firm’s fifty day moving average is $154.56 and its 200 day moving average is $152.88. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.90 and a current ratio of 2.72. The firm has a market capitalization of $3.53 billion, a PE ratio of 82.82 and a beta of 1.41. Enpro has a twelve month low of $116.43 and a twelve month high of $176.13.

Enpro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.71%. Enpro’s payout ratio is 59.41%.

Insider Activity at Enpro

In other news, CAO Steven R. Bower sold 1,548 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $150.06, for a total value of $232,292.88. Following the completion of the sale, the chief accounting officer now owns 604 shares in the company, valued at $90,636.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Enpro from a “hold” rating to a “buy” rating in a report on Monday, September 2nd.

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.