EnPro Industries, Inc. (NYSE:NPO) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Stockholders of record on Wednesday, September 2nd will be paid a dividend of 0.26 per share by the industrial products company on Wednesday, September 16th. This represents a $1.04 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Tuesday, September 1st.
EnPro Industries has raised its dividend by an average of 19.1% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. EnPro Industries has a dividend payout ratio of 91.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect EnPro Industries to earn $1.95 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 53.3%.
Shares of NPO traded down $1.31 during midday trading on Friday, hitting $47.16. 1,030 shares of the stock traded hands, compared to its average volume of 71,944. EnPro Industries has a 1-year low of $30.04 and a 1-year high of $73.53. The firm has a market capitalization of $974.84 million, a PE ratio of 4.11, a price-to-earnings-growth ratio of 3.38 and a beta of 1.67. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.23 and a current ratio of 2.78. The business’s 50 day moving average price is $47.05 and its two-hundred day moving average price is $48.79.
EnPro Industries (NYSE:NPO) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.22. The business had revenue of $282.70 million during the quarter, compared to the consensus estimate of $307.90 million. EnPro Industries had a net margin of 18.35% and a return on equity of 8.13%. As a group, equities research analysts forecast that EnPro Industries will post 1.09 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Sidoti upped their price objective on shares of EnPro Industries from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Oppenheimer reiterated a “buy” rating and issued a $65.00 price target on shares of EnPro Industries in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $57.00.
EnPro Industries Company Profile
EnPro Industries, Inc designs, develops, manufactures, and markets engineered industrial products worldwide. The company's Sealing Products segment offers metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing products; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; and modular sealing systems for sealing pipeline penetrations.
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