Enpro (NYSE:NPO) Updates FY24 Earnings Guidance

Enpro (NYSE:NPO) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $6.75-7.00 for the period, compared to the consensus earnings per share estimate of $7.27. The company issued revenue guidance of down low single digits, compared to the consensus revenue estimate of $1.06 billion. Enpro also updated its FY 2024 guidance to 6.750-7.000 EPS.

Enpro Stock Up 1.0 %

NPO stock opened at $165.18 on Friday. The firm has a market capitalization of $3.47 billion, a PE ratio of 80.89 and a beta of 1.41. The stock’s 50 day moving average is $154.80 and its 200-day moving average is $153.04. Enpro has a twelve month low of $116.43 and a twelve month high of $176.13. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). Enpro had a return on equity of 9.54% and a net margin of 4.14%. The firm had revenue of $260.90 million during the quarter, compared to analysts’ expectations of $264.47 million. During the same period in the prior year, the business earned $1.58 earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. Sell-side analysts expect that Enpro will post 7.4 EPS for the current fiscal year.

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 given 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 dividend yield of 0.73%. Enpro’s dividend payout ratio is currently 59.41%.

Wall Street Analysts Forecast Growth

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

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.