Enpro (NYSE:NPO) Releases FY24 Earnings Guidance

Enpro (NYSE:NPO - Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $6.75-7.00 for the period, compared to the consensus earnings per share estimate of $7.27. The company issued revenue guidance of down low single digits, compared to the consensus revenue estimate of $1.06 billion. Enpro also updated its FY 2024 guidance to 6.750-7.000 EPS.

Enpro Price Performance

Shares of Enpro stock traded up $2.11 during midday trading on Tuesday, hitting $148.75. 208,136 shares of the company traded hands, compared to its average volume of 94,788. The firm's fifty day moving average price is $154.73 and its 200-day moving average price is $152.88. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 73.64 and a beta of 1.41. Enpro has a 12 month low of $116.43 and a 12 month high of $176.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.90 and a current ratio of 2.72.

Enpro (NYSE:NPO - Get Free Report) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.23. Enpro had a net margin of 4.14% and a return on equity of 9.54%. The firm had revenue of $271.90 million for the quarter, compared to analysts' expectations of $270.90 million. During the same quarter in the previous year, the firm posted $1.83 earnings per share. The company's revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts forecast that Enpro will post 7.4 earnings per share for the current year.

Enpro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. Enpro's payout ratio is presently 59.41%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Enpro from a "hold" rating to a "buy" rating in a report on Monday, September 2nd.

Insider Activity

In related news, CAO Steven R. Bower sold 1,548 shares of the business's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $150.06, for a total value of $232,292.88. Following the sale, the chief accounting officer now owns 604 shares of the company's stock, valued at $90,636.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.70% of the company's stock.

Enpro Company Profile

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.