EnPro Industries Expected to Earn FY2017 Earnings of $2.21 Per Share (NPO)
EnPro Industries (NYSE:NPO) – KeyCorp issued their FY2017 earnings per share estimates for EnPro Industries in a research note issued on Monday. KeyCorp analyst J. Hammond expects that the industrial products company will earn $2.21 per share for the year. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for EnPro Industries’ Q4 2017 earnings at $0.62 EPS and FY2018 earnings at $3.52 EPS.
EnPro Industries (NYSE:NPO) last posted its earnings results on Monday, October 30th. The industrial products company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. The firm had revenue of $343.70 million for the quarter, compared to analyst estimates of $324.00 million. During the same quarter last year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis.
ILLEGAL ACTIVITY NOTICE: This report was first reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/11/02/enpro-industries-expected-to-earn-fy2017-earnings-of-2-21-per-share-npo.html.
Other equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. FBR & Co restated a “buy” rating and issued a $85.00 target price on shares of EnPro Industries in a research note on Tuesday, September 12th. BidaskClub upgraded shares of EnPro Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Zacks Investment Research lowered shares of EnPro Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $88.33.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, December 5th. This represents a $0.88 annualized dividend and a yield of 1.05%. EnPro Industries’s dividend payout ratio (DPR) is 3.82%.
EnPro Industries announced that its board has authorized a stock repurchase program on Monday, October 30th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, insider Stephen E. Macadam sold 26,318 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the sale, the insider now owns 245,765 shares in the company, valued at $18,206,271.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Todd L. Anderson sold 2,148 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $72.67, for a total transaction of $156,095.16. Following the sale, the insider now owns 9,000 shares in the company, valued at approximately $654,030. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its stake in EnPro Industries by 5.0% during the first quarter. Public Employees Retirement System of Ohio now owns 1,483 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 71 shares during the period. Riverhead Capital Management LLC raised its stake in EnPro Industries by 55.4% during the second quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 665 shares during the period. Amalgamated Bank acquired a new stake in EnPro Industries during the first quarter worth about $203,000. BB&T Securities LLC acquired a new stake in EnPro Industries during the second quarter worth about $222,000. Finally, State of Alaska Department of Revenue raised its stake in EnPro Industries by 78.1% during the second quarter. State of Alaska Department of Revenue now owns 4,203 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 1,843 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.
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.
Receive News & Ratings for EnPro Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnPro Industries and related companies with MarketBeat.com's FREE daily email newsletter.