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

Enpro (NYSE:NPO) released 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 net margin of 4.14% and a return on equity of 9.54%. The company had revenue of $260.90 million during the quarter, compared to the consensus estimate of $264.47 million. During the same quarter in the previous year, the business posted $1.58 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. 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

NPO traded down $1.85 during midday trading on Thursday, reaching $164.00. 28,170 shares of the company’s stock were exchanged, compared to its average volume of 95,236. Enpro has a one year low of $116.43 and a one year high of $176.13. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 82.10 and a beta of 1.41. The business has a 50-day simple moving average of $154.71 and a two-hundred day simple moving average of $152.97. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Enpro

In other news, CAO Steven R. Bower sold 1,548 shares of the company’s stock in a transaction dated 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 owns 604 shares of the company’s stock, valued at approximately $90,636.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by insiders.

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.