EnPro Industries, Inc. Expected to Post Q1 2018 Earnings of $0.99 Per Share (NPO)

EnPro Industries, Inc. (NYSE:NPO) – Oppenheimer issued their Q1 2018 earnings estimates for shares of EnPro Industries in a research report issued to clients and investors on Tuesday. Oppenheimer analyst I. Zaffino forecasts that the industrial products company will post earnings per share of $0.99 for the quarter. Oppenheimer currently has a “Outperform” rating and a $100.00 target price on the stock. Oppenheimer also issued estimates for EnPro Industries’ Q2 2018 earnings at $1.05 EPS, Q3 2018 earnings at $1.09 EPS and Q4 2018 earnings at $1.11 EPS.

EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Tuesday, February 13th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.02. The business had revenue of $362.50 million during the quarter, compared to analysts’ expectations of $348.10 million. EnPro Industries had a net margin of 40.39% and a return on equity of 9.40%.

A number of other research firms have also recently issued reports on NPO. Zacks Investment Research cut shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Friday, November 3rd. B. Riley set a $100.00 price target on shares of EnPro Industries and gave the stock a “buy” rating in a report on Tuesday, November 21st. KeyCorp reaffirmed a “hold” rating on shares of EnPro Industries in a report on Friday, October 20th. Finally, FBR & Co set a $100.00 price objective on shares of EnPro Industries and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $99.17.

EnPro Industries (NYSE:NPO) opened at $75.91 on Thursday. The stock has a market cap of $1,776.01, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03. EnPro Industries has a fifty-two week low of $61.36 and a fifty-two week high of $94.79. The company has a quick ratio of 1.59, a current ratio of 2.27 and a debt-to-equity ratio of 0.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from EnPro Industries’s previous quarterly dividend of $0.22. EnPro Industries’s dividend payout ratio is presently 3.63%.

EnPro Industries announced that its board has approved a stock buyback plan on Monday, October 30th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Large investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of EnPro Industries in the fourth quarter worth $210,000. LS Investment Advisors LLC increased its stake in shares of EnPro Industries by 225.3% in the fourth quarter. LS Investment Advisors LLC now owns 2,388 shares of the industrial products company’s stock worth $223,000 after acquiring an additional 1,654 shares during the period. SG Americas Securities LLC acquired a new stake in shares of EnPro Industries in the third quarter worth $200,000. Cubist Systematic Strategies LLC increased its stake in shares of EnPro Industries by 64.2% in the third quarter. Cubist Systematic Strategies LLC now owns 2,489 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 973 shares during the period. Finally, Invictus RG acquired a new stake in shares of EnPro Industries in the fourth quarter worth $308,000. Hedge funds and other institutional investors own 93.12% 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.

Earnings History and Estimates for EnPro Industries (NYSE:NPO)

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