Enpro (NYSE:NPO) Releases FY24 Earnings Guidance

Enpro (NYSE:NPO) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $7.00-$7.80 for the period, compared to the consensus earnings per share estimate of $7.42.

Analysts Set New Price Targets

Separately, TheStreet upgraded shares of Enpro from a c+ rating to a b- rating in a report on Thursday, February 1st.

Enpro Price Performance

NPO stock traded up $1.84 during midday trading on Wednesday, hitting $147.18. The company’s stock had a trading volume of 121,209 shares, compared to its average volume of 99,062. Enpro has a 12 month low of $93.23 and a 12 month high of $170.63. The company has a quick ratio of 2.59, a current ratio of 3.31 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average of $157.13 and a two-hundred day moving average of $147.27. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 138.94 and a beta of 1.55.

Enpro (NYSE:NPO) last issued its earnings results on Tuesday, May 7th. The industrial products company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. Enpro had a return on equity of 9.67% and a net margin of 2.10%. The firm had revenue of $257.50 million for the quarter, compared to analyst estimates of $269.00 million. During the same quarter in the prior year, the firm earned $1.95 earnings per share. Enpro’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, analysts expect that Enpro will post 7.43 EPS for the current year.

Enpro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. Enpro’s payout ratio is 113.21%.

Insider Transactions at Enpro

In related news, Director Der Graaf Kees Van sold 1,200 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total value of $192,012.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Robert Savage Mclean sold 6,400 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the completion of the transaction, the chief accounting officer now directly owns 28,961 shares of the company’s stock, valued at $4,585,105.52. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.