Enpro (NYSE:NPO) Issues FY24 Earnings Guidance

Enpro (NYSE:NPO) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $7.00-$7.80 for the period, compared to the consensus EPS estimate of $7.42.

Enpro Trading Up 0.3 %

NYSE NPO traded up $0.39 on Friday, reaching $149.13. 3,539 shares of the company were exchanged, compared to its average volume of 97,934. The company has a current ratio of 3.31, a quick ratio of 2.59 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3.12 billion, a P/E ratio of 140.19 and a beta of 1.55. Enpro has a fifty-two week low of $93.23 and a fifty-two week high of $170.63. The business’s fifty day moving average price is $156.74 and its 200 day moving average price is $147.27.

Enpro (NYSE:NPO) last announced its earnings results on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.03. The firm had revenue of $257.50 million for the quarter, compared to analyst estimates of $269.00 million. Enpro had a net margin of 2.10% and a return on equity of 9.67%. Enpro’s revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.95 earnings per share. Analysts forecast that Enpro will post 7.43 earnings per share for the current year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, June 4th. This represents a $1.20 annualized dividend and a dividend yield of 0.80%. Enpro’s dividend payout ratio is currently 113.21%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Enpro

In related news, Director Der Graaf Kees Van sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total transaction of $192,012.00. The transaction was disclosed in a legal 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 the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Robert Savage Mclean sold 6,400 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $158.32, for a total value of $1,013,248.00. Following the completion of the transaction, the chief accounting officer now directly owns 28,961 shares in the company, valued at $4,585,105.52. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

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.