Equities Analysts Set Expectations for EnPro Industries’ Q4 2017 Earnings (NPO)
EnPro Industries (NYSE:NPO) – Equities research analysts at FBR & Co issued their Q4 2017 earnings per share estimates for EnPro Industries in a research report issued to clients and investors on Tuesday. FBR & Co analyst L. Burke expects that the industrial products company will post earnings of $0.60 per share for the quarter. FBR & Co currently has a “Buy” rating and a $100.00 price target on the stock. FBR & Co also issued estimates for EnPro Industries’ FY2018 earnings at $3.19 EPS.
EnPro Industries (NYSE:NPO) last announced its quarterly earnings data on Monday, October 30th. The industrial products company reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The firm had revenue of $343.70 million for the quarter, compared to the consensus estimate of $324.00 million. EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share.
NPO has been the topic of a number of other reports. Zacks Investment Research lowered EnPro Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub raised EnPro Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. KeyCorp reissued a “hold” rating on shares of EnPro Industries in a research note on Friday, October 20th. Finally, TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. EnPro Industries currently has an average rating of “Hold” and a consensus price target of $88.33.
Several institutional investors and hedge funds have recently modified their holdings of NPO. Public Employees Retirement System of Ohio raised its position in shares of 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 last quarter. Riverhead Capital Management LLC raised its position in shares of 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 last quarter. Amalgamated Bank bought a new position in shares of EnPro Industries during the first quarter worth about $203,000. BB&T Securities LLC bought a new position in shares of EnPro Industries during the second quarter worth about $222,000. Finally, State of Alaska Department of Revenue raised its position in shares of 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 last quarter. Institutional investors own 94.48% of the company’s stock.
In other news, insider Todd L. Anderson sold 2,148 shares of the firm’s 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 completion of the transaction, the insider now directly owns 9,000 shares in the company, valued at $654,030. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen E. Macadam sold 26,318 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $74.08, for a total value of $1,949,637.44. Following the transaction, the insider now owns 245,765 shares of the company’s stock, valued at $18,206,271.20. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
EnPro Industries declared that its Board of Directors has initiated a share buyback program on Monday, October 30th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, December 5th. EnPro Industries’s payout ratio is 3.82%.
EnPro Industries Company Profile
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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