Zacks Investment Research upgraded
EnPro Industries, Inc.
) to a Zacks Rank #1 (Strong Buy) on March 1, 2013.
ALTRA HOLDINGS (AIMC): Free Stock Analysis
BLOUNT INTL (BLT): Free Stock Analysis Report
BABCOCK&WILCOX (BWC): Free Stock Analysis
ENPRO INDUS INC (NPO): Free Stock Analysis
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Why the Upgrade?
EnPro Industries reported a solid fourth quarter and year 2012
financial results on February 7, 2013. The company's earnings per
share, before special items, came in at 59 cents, way above 37
cents in the year-ago quarter and 110.7% above the Zacks
Consensus Estimate of 28 cents.
Revenue for the quarter improved 3% on the back of healthy
performances from Sealing Products and Engine Products and
Services segments, recording 2% and 42% revenue increases,
respectively. This was, however, partially offset by a 13%
decline in revenue generated from the Engineered Products
EnPro Industries' operating income increased 57% while margin
stood at 7.2%, generating an increase of 250 basis points year
over year. Net cash generated from operating activities grew
45.2% while cash and cash equivalents at the end of the quarter
stood at $53.9 million, up 75.6% year over year.
Four straight quarters of positive earnings surprise with the
average of 69.6%, raises optimism for a better quarter ahead for
EnPro Industries. For 2013 and 2014, we have an Earnings ESP
Zacks Earnings ESP: A Better Method
) of +6.8% and +3.4%, respectively.
In the last 60 days, the Zacks Consensus Estimate for 2013
increased by 7.7% to $2.65 while that for 2014 the estimate went
up 8.4% to $2.98.
Other Stocks to Consider
Other stocks worth a look in the industry are
Atlas Copco AB
), with a Zacks Rank #1 (Strong Buy) and
The Babcock & Wilcox Company
Blount International Inc.
), each bearing a Zacks Rank #2 (Buy).