Enpro (NYSE:NPO) Releases FY24 Earnings Guidance

Enpro (NYSE:NPO) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $7.00-7.60 for the period, compared to the consensus estimate of $7.39. The company issued revenue guidance of approx. flat yr/yr to $10.6 billion, compared to the consensus revenue estimate of $1.09 billion. Enpro also updated its FY 2024 guidance to 7.000-7.600 EPS.

Enpro Stock Up 2.4 %

NYSE NPO opened at $151.18 on Friday. The business has a fifty day moving average price of $152.90 and a two-hundred day moving average price of $154.70. The stock has a market capitalization of $3.17 billion, a PE ratio of -1,079.86 and a beta of 1.43. Enpro has a fifty-two week low of $106.08 and a fifty-two week high of $176.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.59 and a quick ratio of 1.77.

Enpro (NYSE:NPO) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.23. The business had revenue of $271.90 million during the quarter, compared to the consensus estimate of $270.90 million. Enpro had a positive return on equity of 9.17% and a negative net margin of 0.26%. Enpro’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.83 EPS. Equities analysts expect that Enpro will post 7.45 earnings per share for the current fiscal year.

Enpro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.79%. Enpro’s payout ratio is currently -857.14%.

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.