Enpro (NYSE:NPO) Releases Quarterly Earnings Results

Enpro (NYSE:NPO - Get Free Report) announced its quarterly earnings data 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 firm had revenue of $257.50 million for the quarter, compared to the consensus estimate of $269.00 million. Enpro had a net margin of 2.10% and a return on equity of 9.67%. The company's revenue was down 8.9% on a year-over-year basis. During the same period last year, the firm earned $1.95 EPS. Enpro updated its FY24 guidance to $7.00-$7.80 EPS.

Enpro Price Performance

Shares of NYSE:NPO traded up $1.84 during midday trading on Wednesday, reaching $147.18. 121,209 shares of the company were exchanged, compared to its average volume of 99,062. 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 cap of $3.08 billion, a PE ratio of 138.94 and a beta of 1.55. The business's fifty day moving average is $157.13 and its two-hundred day moving average is $147.27. Enpro has a one year low of $93.23 and a one year high of $170.63.

Enpro Dividend Announcement

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

Insider Buying and Selling at Enpro

In other Enpro 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 transaction of $192,012.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Robert Savage Mclean sold 6,400 shares of the company's stock in a transaction 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 sale, the chief accounting officer now owns 28,961 shares of the company's stock, valued at $4,585,105.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Der Graaf Kees Van sold 1,200 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total transaction of $192,012.00. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.