Enpro (NPO) to Release Quarterly Earnings on Tuesday

Enpro (NYSE:NPO - Get Free Report) is scheduled to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.54 per share for the quarter. Enpro has set its FY 2024 guidance at 7.000-7.800 EPS and its FY24 guidance at $7.00-7.80 EPS.Persons that wish to register for the company's earnings conference call can do so using this link.

Enpro (NYSE:NPO - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.28). The firm had revenue of $241.90 million for the quarter, compared to analyst estimates of $264.10 million. Enpro had a return on equity of 9.67% and a net margin of 2.10%. The business's revenue for the quarter was down 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 earnings per share. On average, analysts expect Enpro to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Enpro Price Performance

Shares of NYSE:NPO traded down $1.77 during trading on Tuesday, reaching $150.13. 95,669 shares of the company traded hands, compared to its average volume of 97,711. The company's 50 day moving average is $157.83 and its two-hundred day moving average is $146.06. Enpro has a 52 week low of $93.23 and a 52 week high of $170.63. The company has a quick ratio of 2.59, a current ratio of 3.31 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.14 billion, a PE ratio of 143.04 and a beta of 1.55.

Enpro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $1.20 annualized dividend and a dividend yield of 0.80%. This is an increase from Enpro's previous quarterly dividend of $0.29. Enpro's dividend payout ratio is currently 113.21%.

Insider Activity

In other news, Director Der Graaf Kees Van sold 1,200 shares of the firm'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 value of $192,012.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Robert Savage Mclean sold 6,400 shares of Enpro stock in a transaction dated 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 approximately $4,585,105.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Der Graaf Kees Van sold 1,200 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $160.01, for a total value of $192,012.00. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

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

Enpro Company Profile

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.