$284.55 Million in Sales Expected for EnPro Industries, Inc. (NYSE:NPO) This Quarter
Wall Street brokerages expect EnPro Industries, Inc. (NYSE:NPO) to announce $284.55 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for EnPro Industries’ earnings. The highest sales estimate is $284.70 million and the lowest is $284.40 million. EnPro Industries reported sales of $381.40 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 25.4%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, February 25th.
According to Zacks, analysts expect that EnPro Industries will report full year sales of $1.30 billion for the current fiscal year, with estimates ranging from $1.20 billion to $1.40 billion. For the next fiscal year, analysts expect that the business will post sales of $1.23 billion, with estimates ranging from $1.19 billion to $1.27 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow EnPro Industries.
Several research firms recently commented on NPO. ValuEngine upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. TheStreet lowered shares of EnPro Industries from a “b” rating to a “c+” rating in a research note on Tuesday, November 5th. Finally, Zacks Investment Research upgraded shares of EnPro Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 18th.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.79%. The ex-dividend date is Tuesday, March 3rd. This is an increase from EnPro Industries’s previous quarterly dividend of $0.25. EnPro Industries’s payout ratio is currently 25.58%.
A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in EnPro Industries by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 268,235 shares of the industrial products company’s stock worth $17,939,000 after purchasing an additional 8,256 shares during the last quarter. Mason Street Advisors LLC grew its position in EnPro Industries by 3.5% during the 4th quarter. Mason Street Advisors LLC now owns 7,239 shares of the industrial products company’s stock worth $484,000 after purchasing an additional 247 shares during the last quarter. Man Group plc grew its position in EnPro Industries by 27.2% during the 4th quarter. Man Group plc now owns 150,083 shares of the industrial products company’s stock worth $10,037,000 after purchasing an additional 32,048 shares during the last quarter. Alberta Investment Management Corp grew its position in EnPro Industries by 1.2% during the 4th quarter. Alberta Investment Management Corp now owns 108,690 shares of the industrial products company’s stock worth $7,269,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in EnPro Industries during the 4th quarter worth approximately $64,000. 92.32% of the stock is currently owned by institutional investors.
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.
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