Enpro (NYSE:NPO) Issues Quarterly Earnings Results

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

Enpro Price Performance

Shares of Enpro stock traded down $2.45 during trading on Thursday, hitting $163.40. The stock had a trading volume of 116,004 shares, compared to its average volume of 95,642. The business has a fifty day moving average of $154.71 and a two-hundred day moving average of $152.97. Enpro has a fifty-two week low of $116.43 and a fifty-two week high of $176.13. The firm has a market cap of $3.43 billion, a P/E ratio of 82.10 and a beta of 1.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.72 and a quick ratio of 1.90.

Enpro Announces Dividend

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

Insider Buying and Selling

In other news, CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 604 shares of the company’s stock, valued at $90,636.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Enpro from a “buy” rating to a “hold” rating in a research report on Wednesday.

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.