Gabelli Research Analysts Decrease Earnings Estimates for EnPro Industries, Inc. (NYSE:NPO)

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EnPro Industries, Inc. (NYSE:NPO) – Investment analysts at Gabelli dropped their FY2023 earnings per share estimates for shares of EnPro Industries in a research report issued to clients and investors on Wednesday, July 31st. Gabelli analyst J. Bergner now forecasts that the industrial products company will post earnings of $6.00 per share for the year, down from their prior forecast of $6.05.

EnPro Industries (NYSE:NPO) last announced its quarterly earnings results on Monday, July 29th. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.32. The company had revenue of $387.00 million for the quarter, compared to the consensus estimate of $389.77 million. EnPro Industries had a net margin of 2.58% and a return on equity of 10.42%. EnPro Industries’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS.

NPO has been the topic of a number of other reports. TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b” rating in a report on Thursday, May 2nd. ValuEngine downgraded shares of EnPro Industries from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Finally, Zacks Investment Research upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $82.75.

Shares of NYSE NPO opened at $65.19 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.65 and a current ratio of 2.52. The company has a market cap of $1.39 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.08 and a beta of 1.80. The company has a fifty day moving average of $64.37. EnPro Industries has a 52-week low of $55.43 and a 52-week high of $78.31.

Several institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL increased its holdings in shares of EnPro Industries by 6.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,372,654 shares of the industrial products company’s stock worth $87,630,000 after buying an additional 78,808 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of EnPro Industries by 6.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,276,180 shares of the industrial products company’s stock worth $76,700,000 after buying an additional 80,372 shares during the last quarter. Norges Bank bought a new stake in shares of EnPro Industries in the 4th quarter worth about $16,933,000. OppenheimerFunds Inc. increased its holdings in shares of EnPro Industries by 2.2% in the 1st quarter. OppenheimerFunds Inc. now owns 274,827 shares of the industrial products company’s stock worth $17,714,000 after buying an additional 5,857 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of EnPro Industries by 3.1% in the 1st quarter. Clearbridge Investments LLC now owns 260,726 shares of the industrial products company’s stock worth $16,804,000 after buying an additional 7,824 shares during the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.53%. EnPro Industries’s dividend payout ratio (DPR) is presently 25.58%.

About EnPro Industries

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.

See Also: Why do analysts give a neutral rating?

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

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