Enpro (NYSE:NPO) Updates FY 2024 Earnings Guidance

Enpro (NYSE:NPO) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 6.750-7.000 for the period, compared to the consensus earnings per share estimate of 7.270. The company issued revenue guidance of -. Enpro also updated its FY24 guidance to $6.75-7.00 EPS.

Enpro Price Performance

Shares of NPO stock traded down $2.45 on Thursday, hitting $163.40. 116,004 shares of the stock traded hands, compared to its average volume of 95,642. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 82.10 and a beta of 1.41. The firm has a 50 day simple moving average of $154.71 and a two-hundred day simple moving average of $152.97. Enpro has a 52 week low of $116.43 and a 52 week high of $176.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.72 and a quick ratio of 1.90.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.13). Enpro had a net margin of 4.14% and a return on equity of 9.54%. The company had revenue of $260.90 million for the quarter, compared to analysts’ expectations of $264.47 million. During the same period in the previous year, the business posted $1.58 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. As a group, equities research analysts predict that Enpro will post 7.4 earnings per share for the current fiscal year.

Enpro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.73%. Enpro’s payout ratio is currently 59.41%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday.

Insider Activity at Enpro

In related news, CAO Steven R. Bower sold 1,548 shares of Enpro stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $150.06, for a total transaction of $232,292.88. Following the completion of the sale, the chief accounting officer now owns 604 shares in the company, valued at $90,636.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.70% of the stock is currently owned by company 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.