Equities analysts forecast that EnPro Industries, Inc. (NYSE:NPO) will report $0.65 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for EnPro Industries’ earnings, with estimates ranging from $0.60 to $0.72. EnPro Industries posted earnings per share of $0.15 during the same quarter last year, which would indicate a positive year over year growth rate of 333.3%. The firm is expected to issue its next earnings results after the market closes on Tuesday, February 13th.
According to Zacks, analysts expect that EnPro Industries will report full year earnings of $2.73 per share for the current financial year, with EPS estimates ranging from $2.35 to $3.10. For the next fiscal 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 calculations are an average based on a survey of sell-side research firms that cover EnPro Industries.
A number of analysts recently issued reports on the company. FBR & Co set a $100.00 price objective on EnPro Industries and gave the company a “buy” rating in a research report on Tuesday, October 31st. KeyCorp raised EnPro Industries from a “sector weight” rating to an “overweight” rating and set a $105.00 price objective for the company in a research report on Friday, December 8th. B. Riley reissued a “buy” rating on shares of EnPro Industries in a research report on Wednesday, November 1st. Oppenheimer lifted their price objective on EnPro Industries from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Finally, Zacks Investment Research raised EnPro Industries from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $99.17.
Several large investors have recently made changes to their positions in NPO. Gamco Investors INC. ET AL lifted its position in shares of EnPro Industries by 33.9% in 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 buying an additional 101,400 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of EnPro Industries in the third quarter worth about $7,927,000. Granite Investment Partners LLC acquired a new stake in shares of EnPro Industries in the fourth quarter worth about $8,934,000. Castleark Management LLC acquired a new stake in shares of EnPro Industries in the second quarter worth about $6,456,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of EnPro Industries in the fourth quarter worth about $5,347,000. 92.72% of the stock is owned by institutional investors.
Shares of EnPro Industries (NYSE:NPO) traded down $3.52 during mid-day trading on Monday, hitting $82.66. The stock had a trading volume of 90,091 shares, compared to its average volume of 108,141. EnPro Industries has a twelve month low of $61.36 and a twelve month 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 stock has a market capitalization of $1,837.85, a P/E ratio of 3.58, a price-to-earnings-growth ratio of 1.62 and a beta of 1.03.
EnPro Industries announced that its Board of Directors has authorized a share repurchase program on Monday, October 30th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
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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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