KeyCorp Weighs in on EnPro Industries, Inc.’s Q3 2018 Earnings (NYSE:NPO)

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EnPro Industries, Inc. (NYSE:NPO) – Analysts at KeyCorp reduced their Q3 2018 EPS estimates for EnPro Industries in a research note issued to investors on Wednesday, August 1st, Zacks Investment Research reports. KeyCorp analyst J. Hammond now anticipates that the industrial products company will post earnings per share of $1.07 for the quarter, down from their previous forecast of $1.13. KeyCorp currently has a “Overweight” rating and a $90.00 price target on the stock. KeyCorp also issued estimates for EnPro Industries’ Q4 2018 earnings at $0.96 EPS, Q1 2019 earnings at $1.06 EPS, Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $1.24 EPS, Q4 2019 earnings at $1.08 EPS and FY2019 earnings at $4.50 EPS.

NPO has been the topic of a number of other research reports. Oppenheimer restated a “buy” rating on shares of EnPro Industries in a research note on Wednesday, May 9th. ValuEngine upgraded shares of EnPro Industries from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Zacks Investment Research lowered shares of EnPro Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 8th. TheStreet upgraded shares of EnPro Industries from a “c+” rating to a “b-” rating in a research note on Monday, August 6th. Finally, B. Riley cut their price target on shares of EnPro Industries from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, August 6th. Three investment analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. EnPro Industries currently has a consensus rating of “Hold” and a consensus price target of $91.33.

Shares of EnPro Industries stock opened at $72.16 on Monday. The company has a current ratio of 2.64, a quick ratio of 1.78 and a debt-to-equity ratio of 0.56. EnPro Industries has a 12-month low of $63.73 and a 12-month high of $94.79. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 31.37, a P/E/G ratio of 1.48 and a beta of 1.06.

EnPro Industries (NYSE:NPO) last posted its earnings results on Wednesday, August 1st. The industrial products company reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.37). EnPro Industries had a net margin of 36.50% and a return on equity of 7.33%. The firm had revenue of $393.60 million for the quarter, compared to analysts’ expectations of $370.48 million. During the same period in the previous year, the company earned $1.01 EPS. The company’s revenue was up 13.4% on a year-over-year basis.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of EnPro Industries by 5.0% in the second quarter. BlackRock Inc. now owns 2,902,994 shares of the industrial products company’s stock worth $203,064,000 after acquiring an additional 138,335 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of EnPro Industries by 30.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,069,483 shares of the industrial products company’s stock worth $74,811,000 after acquiring an additional 248,556 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of EnPro Industries by 91.3% in the second quarter. Gamco Investors INC. ET AL now owns 882,202 shares of the industrial products company’s stock worth $61,710,000 after acquiring an additional 421,102 shares during the period. FMR LLC increased its stake in shares of EnPro Industries by 243.8% in the second quarter. FMR LLC now owns 618,705 shares of the industrial products company’s stock worth $43,278,000 after acquiring an additional 438,735 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of EnPro Industries by 1.9% in the second quarter. American Century Companies Inc. now owns 527,501 shares of the industrial products company’s stock worth $36,899,000 after acquiring an additional 9,720 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 19th. Stockholders of record on Wednesday, September 5th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, September 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.33%. EnPro Industries’s payout ratio is currently 41.74%.

EnPro Industries Company Profile

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 packings; resilient metal seals; elastomeric seals; hydraulic components; expansion joints; flange sealing and isolation products; pipeline casing spacers/isolators; casing end seals; modular sealing systems for sealing pipeline penetrations; hole forming products; manhole infiltration sealing systems; bellows and bellows assemblies; pedestals; custom-engineered mechanical seals; polytetrafluoroethylene products; and heavy-duty commercial vehicle parts.

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