Enpro (NYSE:NPO) Announces Earnings Results

Enpro (NYSE:NPO) posted its earnings results on Tuesday. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.54 by $0.03, Briefing.com reports. Enpro had a return on equity of 9.67% and a net margin of 2.10%. The company had revenue of $257.50 million for the quarter, compared to the consensus estimate of $269.00 million. During the same quarter in the prior year, the business earned $1.95 earnings per share. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. Enpro updated its FY24 guidance to $7.00-$7.80 EPS.

Enpro Trading Up 0.0 %

Enpro stock traded up $0.06 during trading hours on Friday, reaching $148.80. 23,927 shares of the company’s stock were exchanged, compared to its average volume of 98,155. 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 firm’s 50 day simple moving average is $156.74 and its 200 day simple moving average is $147.27. Enpro has a twelve month low of $93.23 and a twelve month high of $170.63. The firm has a market capitalization of $3.12 billion, a PE ratio of 140.19 and a beta of 1.55.

Enpro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors 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 yield of 0.81%. Enpro’s payout ratio is 113.21%.

Insiders Place Their Bets

In other news, Director Der Graaf Kees Van sold 1,200 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Der Graaf Kees Van sold 1,200 shares of Enpro stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Robert Savage Mclean sold 6,400 shares of Enpro stock in a transaction that occurred on Wednesday, February 28th. The shares were 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 owns 28,961 shares of the company’s stock, valued at $4,585,105.52. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet raised Enpro from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st.

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.