FY2017 Earnings Estimate for EnPro Industries Issued By Oppenheimer Holdings (NPO)
EnPro Industries (NYSE:NPO) – Stock analysts at Oppenheimer Holdings issued their FY2017 EPS estimates for EnPro Industries in a research report issued on Monday. Oppenheimer Holdings analyst I. Zaffino forecasts that the industrial products company will post earnings per share of $2.21 for the year. Oppenheimer Holdings also issued estimates for EnPro Industries’ Q4 2017 earnings at $0.58 EPS and FY2018 earnings at $2.69 EPS.
EnPro Industries (NYSE:NPO) last posted its earnings results on Monday, October 30th. The industrial products company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). The company had revenue of $343.70 million for the quarter, compared to analysts’ expectations of $324.00 million. EnPro Industries had a net margin of 40.74% and a return on equity of 7.92%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS.
Other research analysts also recently issued research reports about the company. FBR & Co set a $100.00 price objective on EnPro Industries and gave the stock a “buy” rating in a research note on Tuesday. BidaskClub raised EnPro Industries from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. TheStreet raised EnPro Industries from a “c+” rating to a “b-” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of EnPro Industries in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $88.33.
Several large investors have recently added to or reduced their stakes in NPO. BlackRock Inc. grew its position in shares of EnPro Industries by 126,215.4% during the first quarter. BlackRock Inc. now owns 2,600,835 shares of the industrial products company’s stock worth $185,076,000 after purchasing an additional 2,598,776 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of EnPro Industries by 33.9% during the third quarter. Gamco Investors INC. ET AL now owns 400,220 shares of the industrial products company’s stock worth $32,230,000 after purchasing an additional 101,400 shares in the last quarter. Castleark Management LLC purchased a new stake in shares of EnPro Industries during the second quarter worth about $6,456,000. Vanguard Group Inc. grew its position in shares of EnPro Industries by 4.7% during the first quarter. Vanguard Group Inc. now owns 1,902,748 shares of the industrial products company’s stock worth $135,399,000 after purchasing an additional 85,493 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of EnPro Industries by 19.4% during the second quarter. American Century Companies Inc. now owns 463,864 shares of the industrial products company’s stock worth $33,106,000 after purchasing an additional 75,506 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.
In related news, insider Stephen E. Macadam sold 26,318 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $74.08, for a total transaction of $1,949,637.44. Following the completion of 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 Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $156,095.16. Following the sale, the insider now owns 9,000 shares of the company’s stock, valued at approximately $654,030. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.
EnPro Industries announced that its board has initiated a stock repurchase program on Monday, October 30th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, December 5th. EnPro Industries’s dividend payout ratio (DPR) is currently 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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