Enpro (NYSE:NPO) Issues FY 2024 Earnings Guidance

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

Wall Street Analyst Weigh In

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

Enpro Stock Down 1.5 %

Shares of Enpro stock traded down $2.45 on Thursday, reaching $163.40. The stock had a trading volume of 116,004 shares, compared to its average volume of 95,642. The company has a 50 day moving average price of $154.71 and a 200 day moving average price of $152.97. The company has a quick ratio of 1.90, a current ratio of 2.72 and a debt-to-equity ratio of 0.45. Enpro has a 1 year low of $116.43 and a 1 year high of $176.13. The stock has a market capitalization of $3.43 billion, a P/E ratio of 82.10 and a beta of 1.41.

Enpro (NYSE:NPO) last released 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). The company had revenue of $260.90 million for the quarter, compared to analysts’ expectations of $264.47 million. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 EPS. As a group, equities research analysts forecast that Enpro will post 7.4 EPS for the current year.

Enpro Announces Dividend

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

Insiders Place Their Bets

In other Enpro news, CAO Steven R. Bower sold 1,548 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $150.06, for a total transaction of $232,292.88. Following the sale, the chief accounting officer now owns 604 shares of the company’s stock, valued at approximately $90,636.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by insiders.

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.