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

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

Enpro Trading Up 11.5 %

NPO traded up $17.10 on Wednesday, hitting $165.85. The company had a trading volume of 257,168 shares, compared to its average volume of 95,543. The firm has a market cap of $3.48 billion, a P/E ratio of 82.82 and a beta of 1.41. Enpro has a 1 year low of $116.43 and a 1 year high of $176.13. The company’s fifty day moving average price is $154.56 and its 200 day moving average price is $152.88. The company has a current ratio of 2.72, a quick ratio of 1.90 and a debt-to-equity ratio of 0.45.

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.72%. Enpro’s dividend payout ratio (DPR) is currently 59.41%.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 1,548 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $150.06, for a total value of $232,292.88. Following the sale, the chief accounting officer now directly owns 604 shares in the company, valued at approximately $90,636.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Enpro from a “hold” rating to a “buy” rating in a research 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.