Equities research analysts predict that EnPro Industries, Inc. (NYSE:NPO) will announce sales of $343.53 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for EnPro Industries’ earnings, with estimates ranging from $334.40 million to $349.10 million. EnPro Industries posted sales of $286.90 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.7%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, February 13th.
On average, analysts expect that EnPro Industries will report full-year sales of $343.53 million for the current financial year, with estimates ranging from $1.28 billion to $1.39 billion. For the next year, analysts forecast that the business will report sales of $1.40 billion per share, with estimates ranging from $1.33 billion to $1.44 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for EnPro Industries.
A number of brokerages recently weighed in on NPO. B. Riley reissued a “buy” rating on shares of EnPro Industries in a research note on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of EnPro Industries in a research note on Friday, October 20th. Zacks Investment Research downgraded EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, November 3rd. FBR & Co set a $100.00 price objective on EnPro Industries and gave the company a “buy” rating in a research note on Tuesday, October 31st. Finally, Oppenheimer raised their price objective on EnPro Industries from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $99.17.
EnPro Industries declared that its Board of Directors has authorized a share buyback plan on Monday, October 30th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new position in shares of EnPro Industries in the 4th quarter valued at approximately $210,000. SG Americas Securities LLC bought a new position in EnPro Industries in the 3rd quarter worth approximately $200,000. Cubist Systematic Strategies LLC increased its position in EnPro Industries by 64.2% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,489 shares of the industrial products company’s stock worth $200,000 after buying an additional 973 shares during the period. Amalgamated Bank increased its position in EnPro Industries by 3.4% in the 2nd quarter. Amalgamated Bank now owns 2,950 shares of the industrial products company’s stock worth $211,000 after buying an additional 98 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in EnPro Industries in the 3rd quarter worth approximately $306,000. 92.72% of the stock is currently owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.