EnPro Industries (NPO) Expected to Announce Quarterly Sales of $338.35 Million
Wall Street brokerages expect EnPro Industries (NYSE:NPO) to post sales of $338.35 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for EnPro Industries’ earnings, with the lowest sales estimate coming in at $316.40 million and the highest estimate coming in at $360.30 million. EnPro Industries reported sales of $313.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8%. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, July 31st.
On average, analysts expect that EnPro Industries will report full-year sales of $338.35 million for the current financial year, with estimates ranging from $1.22 billion to $1.38 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.36 billion per share, with estimates ranging from $1.26 billion to $1.42 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover EnPro Industries.
EnPro Industries (NYSE:NPO) last issued its earnings results on Monday, May 1st. The industrial products company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.18. EnPro Industries had a return on equity of 9.43% and a net margin of 1.10%. The company had revenue of $295.80 million for the quarter, compared to the consensus estimate of $303.63 million. During the same quarter in the prior year, the company posted ($2.15) EPS. EnPro Industries’s revenue was up .3% compared to the same quarter last year.
Several brokerages have recently issued reports on NPO. Zacks Investment Research cut shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 8th. BidaskClub upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, FBR & Co reiterated an “outperform” rating on shares of EnPro Industries in a research note on Tuesday, July 11th.
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EnPro Industries (NYSE NPO) traded down 0.70% during trading on Friday, reaching $72.62. 121,672 shares of the company’s stock traded hands. EnPro Industries has a one year low of $45.35 and a one year high of $75.71. The company has a 50-day moving average price of $71.24 and a 200 day moving average price of $68.27. The firm has a market capitalization of $1.55 billion, a PE ratio of 119.24 and a beta of 1.08.
In other news, insider Stephen E. Macadam sold 15,000 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $72.21, for a total value of $1,083,150.00. Following the completion of the sale, the insider now directly owns 234,447 shares of the company’s stock, valued at $16,929,417.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Susan E. Sweeney sold 686 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $72.87, for a total value of $49,988.82. Following the completion of the sale, the insider now directly owns 2,127 shares of the company’s stock, valued at $154,994.49. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of NPO. Public Employees Retirement System of Ohio increased its stake in EnPro Industries by 5.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock valued at $106,000 after buying an additional 71 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in EnPro Industries during the first quarter valued at $125,000. State of Alaska Department of Revenue increased its stake in EnPro Industries by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 2,360 shares of the industrial products company’s stock valued at $167,000 after buying an additional 30 shares during the last quarter. Amalgamated Bank purchased a new stake in EnPro Industries during the first quarter valued at $203,000. Finally, TFS Capital LLC purchased a new stake in EnPro Industries during the first quarter valued at $274,000. 94.47% of the stock is owned by institutional investors and hedge funds.
About EnPro Industries
EnPro Industries, Inc is engaged in the designing, developing, manufacturing and marketing engineered industrial products. It operates through three segments. The Sealing Products segment includes three operating divisions: Garlock, which designs, manufactures and sells sealing products; Technetics, which designs, manufactures and sells metal seals and elastomeric seals, among others, and Stemco LP (Stemco), which designs, manufactures and sells heavy-duty truck wheel-end components and systems.
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