Enpro (NYSE:NPO) Posts Quarterly Earnings Results, Misses Expectations By $0.13 EPS

Enpro (NYSE:NPO) issued its earnings results on Tuesday. The industrial products company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.13), Briefing.com reports. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The firm had revenue of $260.90 million during the quarter, compared to analysts’ expectations of $264.47 million. During the same period last year, the business posted $1.58 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Enpro updated its FY 2024 guidance to 6.750-7.000 EPS and its FY24 guidance to $6.75-7.00 EPS.

Enpro Stock Up 13.2 %

Shares of NYSE NPO traded up $19.58 during trading on Wednesday, reaching $168.33. 159,458 shares of the stock were exchanged, compared to its average volume of 95,088. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 82.82 and a beta of 1.41. The business’s 50-day moving average price is $154.56 and its 200 day moving average price is $152.88. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45. Enpro has a twelve month low of $116.43 and a twelve month high of $176.13.

Enpro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s dividend payout ratio (DPR) is 59.41%.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 1,548 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $150.06, for a total value of $232,292.88. Following the sale, the chief accounting officer now directly owns 604 shares of the company’s stock, valued at $90,636.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Enpro from a “hold” rating to a “buy” rating in a report on Monday, September 2nd.

Enpro Company Profile

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.