EnPro Industries, Inc. (NYSE:NPO) Expected to Announce Quarterly Sales of $327.65 Million

Wall Street brokerages expect EnPro Industries, Inc. (NYSE:NPOGet Rating) to announce $327.65 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for EnPro Industries’ earnings, with the lowest sales estimate coming in at $326.30 million and the highest estimate coming in at $329.00 million. EnPro Industries reported sales of $298.60 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.7%. The business is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that EnPro Industries will report full-year sales of $1.28 billion for the current fiscal year, with estimates ranging from $1.27 billion to $1.29 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.35 billion, with estimates ranging from $1.33 billion to $1.36 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for EnPro Industries.

EnPro Industries (NYSE:NPOGet Rating) last released its quarterly earnings results on Monday, May 2nd. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.53 by $0.30. The firm had revenue of $328.70 million for the quarter, compared to analyst estimates of $298.23 million. EnPro Industries had a net margin of 14.73% and a return on equity of 10.47%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.37 EPS.

Several research firms have commented on NPO. StockNews.com downgraded shares of EnPro Industries from a “buy” rating to a “hold” rating in a research note on Sunday, May 8th. Zacks Investment Research downgraded shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, May 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $121.67.

Shares of NPO stock traded up $3.17 during trading on Monday, hitting $96.10. 116,197 shares of the stock traded hands, compared to its average volume of 75,290. EnPro Industries has a 52-week low of $79.80 and a 52-week high of $117.63. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.77 and a quick ratio of 1.35. The firm’s fifty day moving average price is $98.05 and its 200-day moving average price is $104.07. The firm has a market capitalization of $2.00 billion, a P/E ratio of 11.40 and a beta of 1.37.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $0.28 per share. The ex-dividend date is Tuesday, May 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.17%. EnPro Industries’s dividend payout ratio (DPR) is 13.29%.

In other news, CFO John M. Childress II sold 10,000 shares of the business’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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Steven R. Bower sold 1,308 shares of the company’s stock in a transaction dated Friday, March 4th. The stock was 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. Insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new stake in shares of EnPro Industries in the first quarter valued at approximately $323,000. Charles Schwab Investment Management Inc. grew its position in shares of EnPro Industries by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 213,650 shares of the industrial products company’s stock valued at $20,880,000 after purchasing an additional 3,548 shares during the last quarter. First Trust Advisors LP grew its position in shares of EnPro Industries by 107.9% in the first quarter. First Trust Advisors LP now owns 15,201 shares of the industrial products company’s stock valued at $1,486,000 after purchasing an additional 7,888 shares during the last quarter. Vanguard Group Inc. grew its position in shares of EnPro Industries by 1.6% in the first quarter. Vanguard Group Inc. now owns 2,238,096 shares of the industrial products company’s stock valued at $218,729,000 after purchasing an additional 35,018 shares during the last quarter. Finally, Bronte Capital Management Pty Ltd. grew its position in shares of EnPro Industries by 3.3% in the first quarter. Bronte Capital Management Pty Ltd. now owns 30,570 shares of the industrial products company’s stock valued at $2,988,000 after purchasing an additional 971 shares during the last quarter. 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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