Enpro (NYSE:NPO) Updates FY 2024 Earnings Guidance

Enpro (NYSE:NPO) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 7.000-7.600 for the period, compared to the consensus earnings per share estimate of 7.390. The company issued revenue guidance of -. Enpro also updated its FY24 guidance to $7.00-7.60 EPS.

Enpro Price Performance

NYSE:NPO traded up $0.82 during mid-day trading on Wednesday, reaching $153.21. The stock had a trading volume of 2,705 shares, compared to its average volume of 99,799. The firm has a 50 day moving average price of $152.76 and a two-hundred day moving average price of $154.77. The stock has a market capitalization of $3.21 billion, a P/E ratio of -1,088.50 and a beta of 1.43. Enpro has a one year low of $106.08 and a one year high of $176.13. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.77 and a current ratio of 2.59.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.23. The company had revenue of $271.90 million during the quarter, compared to the consensus estimate of $270.90 million. Enpro had a positive return on equity of 9.17% and a negative net margin of 0.26%. Enpro’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 EPS. As a group, analysts expect that Enpro will post 7.45 earnings per share for the current year.

Enpro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be given a $0.30 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $1.20 annualized dividend and a yield of 0.78%. Enpro’s payout ratio is currently -857.14%.

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.