Enpro (NYSE:NPO) Releases Earnings Results, Beats Estimates By $0.03 EPS

Enpro (NYSE:NPO) announced its quarterly earnings results on Tuesday. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.54 by $0.03, Briefing.com reports. The business had revenue of $257.50 million for the quarter, compared to analyst estimates of $269.00 million. Enpro had a return on equity of 9.67% and a net margin of 2.10%. Enpro’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.95 EPS. Enpro updated its FY24 guidance to $7.00-$7.80 EPS.

Enpro Price Performance

Shares of NPO traded up $1.72 during mid-day trading on Wednesday, hitting $147.05. 58,551 shares of the company traded hands, compared to its average volume of 98,335. 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 business has a 50-day moving average of $157.13 and a 200 day moving average of $147.27. Enpro has a one year low of $93.23 and a one year high of $170.63. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 137.72 and a beta of 1.55.

Enpro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 5th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, June 4th. Enpro’s dividend payout ratio is presently 113.21%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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