Enpro (NYSE:NPO) Issues 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 $6.75-7.00 for the period, compared to the consensus 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.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Enpro from a “buy” rating to a “hold” rating in a report on Wednesday.

Enpro Trading Up 1.0 %

Shares of NYSE:NPO opened at $165.18 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.72 and a quick ratio of 1.90. Enpro has a 1 year low of $116.43 and a 1 year high of $176.13. The company has a market cap of $3.47 billion, a P/E ratio of 80.89 and a beta of 1.41. The stock’s fifty day moving average price is $154.80 and its 200-day moving average price is $153.04.

Enpro (NYSE:NPO) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.13). Enpro had a net margin of 4.14% and a return on equity of 9.54%. The company had revenue of $260.90 million for the quarter, compared to the consensus estimate of $264.47 million. During the same quarter in the prior year, the company posted $1.58 EPS. Enpro’s revenue was up 4.1% on a year-over-year basis. Sell-side analysts expect 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. This represents a $1.20 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, December 4th. Enpro’s dividend payout ratio is 59.41%.

About Enpro

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.