EnPro Industries, Inc. (NPO) Expected to Post Quarterly Sales of $375.20 Million

Wall Street analysts expect that EnPro Industries, Inc. (NYSE:NPO) will announce $375.20 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for EnPro Industries’ earnings, with estimates ranging from $372.30 million to $380.40 million. EnPro Industries reported sales of $368.80 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that EnPro Industries will report full year sales of $1.57 billion for the current financial year, with estimates ranging from $1.57 billion to $1.58 billion. For the next year, analysts anticipate that the company will report sales of $1.62 billion, with estimates ranging from $1.60 billion to $1.64 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow EnPro Industries.

EnPro Industries (NYSE:NPO) last posted its quarterly earnings results on Wednesday, February 13th. The industrial products company reported $0.98 EPS for the quarter, meeting the consensus estimate of $0.98. EnPro Industries had a return on equity of 9.44% and a net margin of 1.61%. The firm had revenue of $381.40 million during the quarter, compared to analysts’ expectations of $373.70 million. During the same quarter in the prior year, the firm posted $0.67 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis.

A number of research analysts have commented on the company. Zacks Investment Research upgraded EnPro Industries from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Tuesday, January 29th. ValuEngine raised EnPro Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. TheStreet downgraded EnPro Industries from a “b” rating to a “c+” rating in a research note on Thursday, February 14th. Finally, Oppenheimer dropped their price target on EnPro Industries from $90.00 to $85.00 in a research note on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $81.80.

Several large investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new stake in shares of EnPro Industries in the fourth quarter worth $56,000. Acadian Asset Management LLC bought a new stake in EnPro Industries during the fourth quarter valued at $75,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of EnPro Industries by 25.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,440 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 296 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of EnPro Industries by 28.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,856 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 411 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of EnPro Industries by 61.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 95.72% of the company’s stock.

NYSE NPO opened at $67.95 on Tuesday. The company has a market cap of $1.38 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.05 and a beta of 1.53. EnPro Industries has a one year low of $55.48 and a one year high of $80.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.74 and a current ratio of 2.55.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th will be given a dividend of $0.25 per share. This is an increase from EnPro Industries’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.47%. The ex-dividend date is Tuesday, March 5th. EnPro Industries’s payout ratio is currently 24.55%.

About EnPro Industries

EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.

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

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