Enpro (NYSE:NPO) Updates FY 2024 Earnings Guidance

Enpro (NYSE:NPO) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 6.750-7.000 for the period, compared to the consensus earnings per share estimate of 7.270. The company issued revenue guidance of -. Enpro also updated its FY24 guidance to $6.75-7.00 EPS.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday.

Enpro Price Performance

Shares of NPO stock opened at $163.40 on Friday. Enpro has a 12-month low of $116.43 and a 12-month high of $176.13. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 80.89 and a beta of 1.41. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average of $154.80 and a 200-day moving average of $153.04.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). The company had revenue of $260.90 million during the quarter, compared to analyst estimates of $264.47 million. Enpro had a return on equity of 9.54% and a net margin of 4.14%. Enpro’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 earnings per share. On average, equities research analysts forecast that Enpro will post 7.4 earnings per share for the current year.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s payout ratio is presently 59.41%.

Enpro Company Profile

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.