Research Analysts Issue Forecasts for EnPro Industries, Inc.’s Q3 2022 Earnings (NYSE:NPO)

EnPro Industries, Inc. (NYSE:NPOGet Rating) – Investment analysts at Oppenheimer upped their Q3 2022 earnings per share estimates for shares of EnPro Industries in a research note issued to investors on Tuesday, August 2nd. Oppenheimer analyst I. Zaffino now anticipates that the industrial products company will earn $1.87 per share for the quarter, up from their previous estimate of $1.75. The consensus estimate for EnPro Industries’ current full-year earnings is $7.05 per share. Oppenheimer also issued estimates for EnPro Industries’ FY2022 earnings at $7.17 EPS and FY2023 earnings at $7.29 EPS.

Other analysts also recently issued reports about the company. StockNews.com upgraded EnPro Industries from a “hold” rating to a “buy” rating in a research note on Monday, May 16th. KeyCorp raised their target price on EnPro Industries from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday.

EnPro Industries Stock Up 1.4 %

Shares of NYSE NPO opened at $98.64 on Friday. EnPro Industries has a 12-month low of $76.14 and a 12-month high of $117.63. The company has a market cap of $2.05 billion, a P/E ratio of 11.46 and a beta of 1.39. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average price of $87.72 and a 200 day moving average price of $96.30.

EnPro Industries (NYSE:NPOGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.50. EnPro Industries had a return on equity of 11.42% and a net margin of 14.62%. The firm had revenue of $333.30 million during the quarter, compared to the consensus estimate of $325.57 million. During the same period in the prior year, the firm earned $1.56 EPS. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year.

Hedge Funds Weigh In On EnPro Industries

Several large investors have recently modified their holdings of NPO. UMB Bank N A MO bought a new position in shares of EnPro Industries during the first quarter worth about $27,000. First Horizon Advisors Inc. bought a new position in shares of EnPro Industries during the second quarter worth about $37,000. UMB Bank n.a. lifted its holdings in EnPro Industries by 82.6% in the second quarter. UMB Bank n.a. now owns 513 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 232 shares during the last quarter. Lazard Asset Management LLC bought a new position in EnPro Industries in the fourth quarter worth about $54,000. Finally, Alpha Paradigm Partners LLC bought a new position in EnPro Industries in the fourth quarter worth about $69,000. Institutional investors own 94.26% of the company’s stock.

EnPro Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.28 per share. The ex-dividend date is Tuesday, August 30th. This represents a $1.12 annualized dividend and a dividend yield of 1.14%. EnPro Industries’s dividend payout ratio is presently 13.01%.

About EnPro Industries

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EnPro Industries, Inc engages in the design, development, manufacture, marketing, and service of engineered industrial products in the United States, Europe, and internationally. It operates through three segments: Sealing Technologies, Advanced Surface Technologies, and Engineered Materials. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; compression packing products; hydraulic components; expansion joints; wall penetration products; and dynamic, flange, resilient metal, elastomeric, and custom-engineered mechanical seals for chemical and petrochemical processing, pulp and paper processing, power generation, food and pharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, heavy-duty trucking, aerospace, medical, filtration, and semiconductor fabrication industries.

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

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