Enpro (NYSE:NPO) Releases Earnings Results, Misses Expectations By $0.13 EPS

Enpro (NYSE:NPO) posted its quarterly earnings data on Tuesday. The industrial products company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.13), Briefing.com reports. The firm had revenue of $260.90 million for the quarter, compared to analyst estimates of $264.47 million. Enpro had a return on equity of 9.54% and a net margin of 4.14%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 earnings per share. 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 %

NYSE:NPO traded up $0.03 on Friday, hitting $163.57. 31,058 shares of the company’s stock were exchanged, compared to its average volume of 95,345. The firm has a 50-day moving average price of $154.80 and a 200-day moving average price of $153.04. 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. The company has a market cap of $3.43 billion, a P/E ratio of 80.89 and a beta of 1.41.

Enpro Announces Dividend

The firm also recently declared 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 is Wednesday, December 4th. This represents a $1.20 annualized dividend and a yield of 0.73%. Enpro’s payout ratio is currently 59.41%.

Wall Street Analyst Weigh In

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

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.