Oppenheimer Comments on EnPro Industries, Inc.’s FY2019 Earnings (NYSE:NPO)

EnPro Industries, Inc. (NYSE:NPO) – Analysts at Oppenheimer decreased their FY2019 earnings per share estimates for EnPro Industries in a research report issued on Tuesday, November 5th. Oppenheimer analyst I. Zaffino now expects that the industrial products company will earn $3.97 per share for the year, down from their prior forecast of $4.50. Oppenheimer also issued estimates for EnPro Industries’ Q4 2019 earnings at $0.80 EPS and FY2020 earnings at $4.50 EPS.

EnPro Industries (NYSE:NPO) last released its earnings results on Tuesday, November 5th. The industrial products company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.18). EnPro Industries had a net margin of 0.89% and a return on equity of 9.93%. The business had revenue of $373.00 million for the quarter, compared to analyst estimates of $381.43 million. During the same period in the prior year, the company earned $1.36 earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of EnPro Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. TheStreet downgraded shares of EnPro Industries from a “b” rating to a “c+” rating in a research report on Tuesday. Finally, ValuEngine upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a research report on Friday.

NPO stock opened at $67.23 on Friday. EnPro Industries has a 12 month low of $55.43 and a 12 month high of $75.73. The firm has a market cap of $1.39 billion, a PE ratio of 17.19, a P/E/G ratio of 1.21 and a beta of 1.83. The firm has a 50 day simple moving average of $68.09 and a 200 day simple moving average of $65.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.27 and a quick ratio of 1.65.

Several large investors have recently modified their holdings of NPO. Nisa Investment Advisors LLC lifted its position in shares of EnPro Industries by 50.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,000 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 1,000 shares in the last quarter. Strs Ohio purchased a new stake in shares of EnPro Industries in the 2nd quarter valued at approximately $421,000. Rothschild & Co. Asset Management US Inc. lifted its position in shares of EnPro Industries by 19.9% in the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 248,879 shares of the industrial products company’s stock valued at $15,888,000 after acquiring an additional 41,361 shares in the last quarter. Aperio Group LLC lifted its position in shares of EnPro Industries by 6.7% in the 2nd quarter. Aperio Group LLC now owns 7,287 shares of the industrial products company’s stock valued at $465,000 after acquiring an additional 459 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of EnPro Industries by 1.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,410 shares of the industrial products company’s stock valued at $537,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 92.52% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. EnPro Industries’s dividend payout ratio (DPR) is presently 25.58%.

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.

Featured Article: Lock-Up Period Expiration

Earnings History and Estimates for EnPro Industries (NYSE:NPO)

Receive News & Ratings for EnPro Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnPro Industries and related companies with MarketBeat.com's FREE daily email newsletter.