Wall Street brokerages expect EnPro Industries, Inc. (NYSE:NPO) to announce earnings per share of $0.65 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for EnPro Industries’ earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.60. EnPro Industries posted earnings of $0.15 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 333.3%. The firm is scheduled to issue its next earnings report after the market closes on Tuesday, February 13th.
On average, analysts expect that EnPro Industries will report full-year earnings of $2.73 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $3.10. For the next financial year, analysts anticipate that the business will post earnings of $3.44 per share, with EPS estimates ranging from $3.19 to $3.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow EnPro Industries.
EnPro Industries (NYSE:NPO) last issued its quarterly earnings data on Monday, October 30th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $324.00 million. During the same period in the previous year, the firm earned $0.28 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis.
EnPro Industries (NYSE NPO) opened at $92.72 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.27 and a quick ratio of 1.59. EnPro Industries has a 12-month low of $61.36 and a 12-month high of $94.79. The stock has a market cap of $1,961.54, a P/E ratio of 4.02, a PEG ratio of 1.72 and a beta of 1.18.
EnPro Industries announced that its board has authorized a stock repurchase program on Monday, October 30th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication 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 business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $84.06, for a total transaction of $2,101,500.00. Following the sale, the insider now owns 194,447 shares of the company’s stock, valued at approximately $16,345,214.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in NPO. Schwab Charles Investment Management Inc. grew its position in EnPro Industries by 3.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 131,708 shares of the industrial products company’s stock worth $9,400,000 after purchasing an additional 4,045 shares during the last quarter. Alliancebernstein L.P. grew its position in EnPro Industries by 0.9% during the 2nd quarter. Alliancebernstein L.P. now owns 32,537 shares of the industrial products company’s stock worth $2,322,000 after purchasing an additional 300 shares during the last quarter. Riverhead Capital Management LLC grew its position in EnPro Industries by 55.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,865 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 665 shares during the last quarter. Ameriprise Financial Inc. grew its position in EnPro Industries by 10.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 241,043 shares of the industrial products company’s stock worth $17,203,000 after purchasing an additional 22,775 shares during the last quarter. Finally, Amalgamated Bank grew its position in EnPro Industries by 3.4% during the 2nd quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 98 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.
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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