Enpro (NYSE:NPO) Announces Earnings Results, Misses Estimates By $0.13 EPS

Enpro (NYSE:NPO) issued its earnings results on Tuesday. The industrial products company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.13), Briefing.com reports. The firm had revenue of $260.90 million during the quarter, compared to the consensus estimate of $264.47 million. Enpro had a net margin of 4.14% and a return on equity of 9.54%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 EPS. Enpro updated its FY 2024 guidance to 6.750-7.000 EPS and its FY24 guidance to $6.75-7.00 EPS.

Enpro Stock Up 0.0 %

NPO stock traded up $0.03 during mid-day trading on Friday, hitting $163.57. 31,058 shares of the company were exchanged, compared to its average volume of 95,345. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.90 and a current ratio of 2.72. Enpro has a 1-year low of $116.43 and a 1-year high of $176.13. The firm’s 50 day simple moving average is $154.80 and its 200 day simple moving average is $153.04. The firm has a market cap of $3.43 billion, a P/E ratio of 80.89 and a beta of 1.41.

Enpro Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.