EnPro Industries Inc. (NYSE: NPO) has reported earnings for its first fiscal quarter (ending March 31) of $0.60 versus $1.25 for the same period a year ago — a decline of -52%. This performance was $-1.62 short of the consensus estimate of $2.22. For the latest four quarters through March 31, E.P.S. were $-0.12 versus $1.00 for the same period a year ago — a decline of -112%.
Recent Price Action
On 5/7/24, EnPro Industries Inc. (NYSE: NPO) stock suffered a large decline of -5.3%, closing at $145.33. Moreover, trading volume in this decline was exceptionally high at 273% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -4.3% during the last week.
Current PriceTarget Research Rating
NPO’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
EnPro Industries has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. EnPro Industries has a poor Appreciation Score of 21 but a very high Power Rating of 88, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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