Neenah (NP) Issues Quarterly Earnings Results, Misses Expectations By $0.30 EPS

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Neenah (NYSE:NP) announced its earnings results on Tuesday. The basic materials company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.30), reports. Neenah had a return on equity of 18.38% and a net margin of 4.78%. The firm had revenue of $256.00 million for the quarter, compared to the consensus estimate of $270.25 million. During the same period in the previous year, the firm earned $1.02 EPS. Neenah’s revenue for the quarter was up 4.5% on a year-over-year basis.

NYSE:NP traded down $4.91 during midday trading on Wednesday, hitting $76.25. 128,886 shares of the stock were exchanged, compared to its average volume of 77,268. Neenah has a one year low of $74.69 and a one year high of $96.15. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 3.92 and a beta of 1.07. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.42 and a quick ratio of 1.30.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 16th will be issued a dividend of $0.41 per share. The ex-dividend date is Thursday, November 15th. This represents a $1.64 annualized dividend and a yield of 2.15%. Neenah’s payout ratio is 37.96%.

NP has been the topic of several recent analyst reports. Zacks Investment Research raised Neenah from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. ValuEngine raised Neenah from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Finally, DA Davidson reissued a “neutral” rating on shares of Neenah in a report on Wednesday, August 8th.

In other Neenah news, Director Sean T. Erwin sold 2,000 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $89.00, for a total value of $178,000.00. Following the transaction, the director now owns 18,453 shares of the company’s stock, valued at $1,642,317. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Larry Newton Brownlee sold 892 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $88.79, for a total value of $79,200.68. Following the completion of the transaction, the vice president now directly owns 3,952 shares in the company, valued at approximately $350,898.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,726 shares of company stock worth $423,147. 1.50% of the stock is owned by corporate insiders.

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Neenah Company Profile

Neenah, Inc produces and sells technical products, and fine paper and packaging products worldwide. The company's Technical Products segment offers filtration media for transportation, water, and other uses; saturated and unsaturated crepe, and flat paper tapes to manufacturers; and coated lightweight abrasive paper for automotive, construction, metal, and woodworking industries.

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Earnings History for Neenah (NYSE:NP)

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