EnPro Industries, Inc. Forecasted to Post Q3 2022 Earnings of $1.87 Per Share (NYSE:NPO)

EnPro Industries, Inc. (NYSE:NPOGet Rating) – Equities researchers at Oppenheimer upped their Q3 2022 earnings per share (EPS) estimates for shares of EnPro Industries in a research report issued on Tuesday, August 2nd. Oppenheimer analyst I. Zaffino now anticipates that the industrial products company will earn $1.87 per share for the quarter, up from their prior forecast of $1.75. The consensus estimate for EnPro Industries’ current full-year earnings is $7.05 per share. Oppenheimer also issued estimates for EnPro Industries’ FY2022 earnings at $7.17 EPS and FY2023 earnings at $7.29 EPS.

NPO has been the topic of several other reports. KeyCorp upped their target price on EnPro Industries from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday. StockNews.com raised EnPro Industries from a “hold” rating to a “buy” rating in a research report on Monday, May 16th.

EnPro Industries Trading Up 1.4 %

Shares of NYSE:NPO opened at $98.64 on Friday. The business’s 50-day moving average is $87.72 and its 200 day moving average is $96.30. EnPro Industries has a 1 year low of $76.14 and a 1 year high of $117.63. The firm has a market capitalization of $2.05 billion, a P/E ratio of 11.46 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.91 and a quick ratio of 1.35.

EnPro Industries (NYSE:NPOGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.50. EnPro Industries had a return on equity of 11.42% and a net margin of 14.62%. The firm had revenue of $333.30 million during the quarter, compared to analysts’ expectations of $325.57 million. During the same period in the prior year, the business posted $1.56 EPS. The firm’s quarterly revenue was up 11.6% on a year-over-year basis.

EnPro Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 31st will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, August 30th. EnPro Industries’s dividend payout ratio is presently 13.01%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NPO. UMB Bank N A MO purchased a new stake in shares of EnPro Industries in the first quarter worth about $27,000. First Horizon Advisors Inc. purchased a new stake in shares of EnPro Industries in the second quarter worth about $37,000. UMB Bank n.a. boosted its stake in shares of EnPro Industries by 82.6% in the second quarter. UMB Bank n.a. now owns 513 shares of the industrial products company’s stock worth $42,000 after buying an additional 232 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of EnPro Industries in the fourth quarter worth about $54,000. Finally, Alpha Paradigm Partners LLC purchased a new stake in shares of EnPro Industries in the fourth quarter worth about $69,000. 94.26% of the stock is owned by institutional investors and hedge funds.

EnPro Industries Company Profile

(Get Rating)

EnPro Industries, Inc engages in the design, development, manufacture, marketing, and service of engineered industrial products in the United States, Europe, and internationally. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; compression packing products; hydraulic components; expansion joints; wall penetration products; and dynamic, flange, resilient metal, elastomeric, and custom-engineered mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.

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Earnings History and Estimates for EnPro Industries (NYSE:NPO)

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