Research Analysts Set Expectations for EnPro Industries’ FY2018 Earnings (NPO)
EnPro Industries (NYSE:NPO) – Gabelli increased their FY2018 earnings per share (EPS) estimates for EnPro Industries in a note issued to investors on Tuesday. Gabelli analyst J. Bergner now forecasts that the industrial products company will post earnings per share of $3.70 for the year, up from their previous forecast of $3.65. Gabelli also issued estimates for EnPro Industries’ FY2019 earnings at $4.10 EPS.
EnPro Industries (NYSE:NPO) last announced its quarterly earnings data 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). The firm had revenue of $343.70 million during the quarter, compared to analyst estimates of $324.00 million. EnPro Industries had a return on equity of 7.92% and a net margin of 40.74%. EnPro Industries’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share.
Shares of EnPro Industries (NYSE NPO) traded down $1.21 during mid-day trading on Wednesday, reaching $87.25. The company had a trading volume of 124,000 shares, compared to its average volume of 113,265. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.59 and a current ratio of 2.27. The firm has a market capitalization of $1,886.47, a price-to-earnings ratio of 49.70, a price-to-earnings-growth ratio of 2.32 and a beta of 1.18. EnPro Industries has a 1 year low of $61.36 and a 1 year high of $89.58.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, December 5th. EnPro Industries’s dividend payout ratio (DPR) is currently 3.82%.
EnPro Industries declared that its board has authorized a share 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 repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
In other EnPro Industries news, insider Stephen E. Macadam sold 25,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $84.06, for a total transaction of $2,101,500.00. Following the transaction, the insider now owns 194,447 shares in the company, valued at $16,345,214.82. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.60% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NPO. Gamco Investors INC. ET AL increased its position in shares of EnPro Industries by 33.9% during the 3rd 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 during the last quarter. Allianz Asset Management GmbH acquired a new position in shares of EnPro Industries during the 3rd quarter worth approximately $7,927,000. Castleark Management LLC acquired a new position in shares of EnPro Industries during the 2nd quarter worth approximately $6,456,000. American Century Companies Inc. increased its holdings in shares of EnPro Industries by 19.4% during the 2nd quarter. American Century Companies Inc. now owns 463,864 shares of the industrial products company’s stock worth $33,106,000 after acquiring an additional 75,506 shares during the last quarter. Finally, Silver Point Capital L.P. increased its holdings in shares of EnPro Industries by 3.4% during the 2nd quarter. Silver Point Capital L.P. now owns 1,850,600 shares of the industrial products company’s stock worth $132,077,000 after acquiring an additional 60,600 shares during the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.
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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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