Enpro (NYSE:NPO) Issues 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 $6.75-7.00 for the period, compared to the consensus earnings per share estimate of $7.27. The company issued revenue guidance of down low single digits, compared to the consensus revenue estimate of $1.06 billion. Enpro also updated its FY 2024 guidance to 6.750-7.000 EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Enpro from a “buy” rating to a “hold” rating in a report on Wednesday.

Enpro Price Performance

NPO stock traded down $2.45 during trading on Thursday, hitting $163.40. The company had a trading volume of 116,004 shares, compared to its average volume of 95,642. The company has a current ratio of 2.72, a quick ratio of 1.90 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.43 billion, a P/E ratio of 80.89 and a beta of 1.41. The company has a fifty day moving average price of $154.80 and a two-hundred day moving average price of $153.04. Enpro has a fifty-two week low of $116.43 and a fifty-two week high of $176.13.

Enpro (NYSE:NPO) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.13). Enpro had a return on equity of 9.54% and a net margin of 4.14%. The company had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. During the same quarter last year, the business earned $1.58 EPS. Enpro’s revenue was up 4.1% on a year-over-year basis. Equities research analysts expect that Enpro will post 7.4 earnings per share for the current fiscal year.

Enpro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.73%. Enpro’s payout ratio is 59.41%.

Insider Buying and Selling at Enpro

In other news, CAO Steven R. Bower sold 1,548 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $150.06, for a total transaction of $232,292.88. Following the sale, the chief accounting officer now owns 604 shares of the company’s stock, valued at $90,636.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.70% of the company’s stock.

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.