Enpro (NYSE:NPO) Issues FY 2024 Earnings Guidance

Enpro (NYSE:NPO - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 7.000-7.800 for the period, compared to the consensus earnings per share estimate of 7.420. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

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

Enpro Stock Up 1.3 %

Enpro stock traded up $1.84 during trading on Wednesday, reaching $147.18. 121,209 shares of the company's stock were exchanged, compared to its average volume of 99,062. The company's 50-day moving average is $156.89 and its two-hundred day moving average is $147.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.59 and a current ratio of 3.31. Enpro has a 52-week low of $93.23 and a 52-week high of $170.63. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 138.84 and a beta of 1.55.

Enpro (NYSE:NPO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.03. Enpro had a net margin of 2.10% and a return on equity of 9.67%. The firm had revenue of $257.50 million during the quarter, compared to analysts' expectations of $269.00 million. During the same period in the prior year, the company earned $1.95 EPS. The firm's revenue was down 8.9% on a year-over-year basis. On average, analysts predict that Enpro will post 7.43 earnings per share for the current year.

Enpro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, June 5th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. Enpro's dividend payout ratio (DPR) is 113.21%.

Insider Buying and Selling

In other Enpro news, Director Der Graaf Kees Van sold 1,200 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $160.01, for a total value of $192,012.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Enpro news, CAO Robert Savage Mclean sold 6,400 shares of the business's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $158.32, for a total value of $1,013,248.00. Following the transaction, the chief accounting officer now owns 28,961 shares in the company, valued at approximately $4,585,105.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Der Graaf Kees Van sold 1,200 shares of the business's stock in a transaction on Thursday, February 29th. The stock was 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 owned by corporate insiders.

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.