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

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

Enpro Stock Performance

Enpro stock traded down $1.85 during trading hours on Thursday, reaching $164.00. 28,170 shares of the company were exchanged, compared to its average volume of 95,236. Enpro has a 12 month low of $116.43 and a 12 month high of $176.13. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 82.10 and a beta of 1.41. The company has a current ratio of 2.72, a quick ratio of 1.90 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average of $154.71 and a 200 day moving average of $152.97.

Enpro Dividend Announcement

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

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.

Insider Activity at Enpro

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