Enpro (NYSE:NPO) Updates FY24 Earnings Guidance

Enpro (NYSE:NPO) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $7.00-$7.80 for the period, compared to the consensus earnings per share estimate of $7.42.

Enpro Price Performance

Shares of NYSE:NPO traded down $7.20 during mid-day trading on Tuesday, reaching $146.28. The stock had a trading volume of 221,199 shares, compared to its average volume of 97,799. The business’s 50 day moving average price is $157.35 and its 200 day moving average price is $147.06. The company has a current ratio of 3.31, a quick ratio of 2.59 and a debt-to-equity ratio of 0.45. Enpro has a 1 year low of $93.23 and a 1 year high of $170.63. The company has a market cap of $3.06 billion, a P/E ratio of 138.04 and a beta of 1.55.

Enpro (NYSE:NPO) last issued its quarterly earnings data 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 company had revenue of $241.90 million for the quarter, compared to the consensus estimate of $264.10 million. Enpro had a return on equity of 9.67% and a net margin of 2.10%. The company’s revenue was down 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 earnings per share. Research analysts expect that Enpro will post 7.43 EPS for the current fiscal year.

Enpro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Wednesday, June 5th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $1.20 annualized dividend and a yield of 0.82%. Enpro’s dividend payout ratio (DPR) is currently 113.21%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Der Graaf Kees Van sold 1,200 shares of the company’s 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 filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Robert Savage Mclean sold 6,400 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was 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 directly owns 28,961 shares in the company, valued at approximately $4,585,105.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Der Graaf Kees Van sold 1,200 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were 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. 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.