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Rodman & Renshaw: EnPro to Report 4Q11 Results Thursday

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According to research report published today by Rodman & Renshaw, EnPro Industries, Inc. (NYSE: NPO) will report its December results this coming Thursday before the market opens.

In the report, Rodman & Renshaw commented, “We are looking for revenue of $248mm which assumes ~$50mm of incremental contribution from acquisitions and ~3% organic growth. Our organic growth estimate is modest compared to the 20%+ increases posted YTD-Q3'11 reflecting, in addition to seasonal volatility and a challenging y/y comparison, weaker order patterns by customers in European industrial markets due to the uncertain environment.”

Rodman & Renshaw maintains its Outperform rating and $47 PT on EnPro, which closed yesterday at $37.47.

 

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