DA Davidson Weighs in on Neenah Inc’s FY2018 Earnings (NP)

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Neenah Inc (NYSE:NP) – Research analysts at DA Davidson decreased their FY2018 earnings per share (EPS) estimates for shares of Neenah in a note issued to investors on Wednesday, November 7th. DA Davidson analyst S. Chercover now anticipates that the basic materials company will earn $3.61 per share for the year, down from their previous forecast of $4.22. DA Davidson has a “Neutral” rating on the stock. DA Davidson also issued estimates for Neenah’s Q4 2018 earnings at $0.62 EPS and FY2019 earnings at $4.25 EPS.

A number of other brokerages have also issued reports on NP. ValuEngine raised Neenah from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Zacks Investment Research lowered Neenah from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th.

Shares of NP stock opened at $71.91 on Monday. Neenah has a 12-month low of $71.77 and a 12-month high of $96.15. The company has a market capitalization of $1.24 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 3.47 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.24 and a quick ratio of 1.30.

Neenah (NYSE:NP) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.30). Neenah had a return on equity of 17.26% and a net margin of 4.08%. The business had revenue of $256.00 million during the quarter, compared to the consensus estimate of $270.25 million. During the same period last year, the company earned $1.02 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 16th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, November 15th. Neenah’s dividend payout ratio (DPR) is 37.96%.

In other Neenah news, Director Sean T. Erwin sold 2,000 shares of the stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $89.00, for a total transaction of $178,000.00. Following the completion of the transaction, the director now directly owns 18,453 shares of the company’s stock, valued at approximately $1,642,317. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Larry Newton Brownlee sold 278 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $91.90, for a total value of $25,548.20. Following the transaction, the vice president now directly owns 3,338 shares of the company’s stock, valued at $306,762.20. The disclosure for this sale can be found here. Insiders sold a total of 3,834 shares of company stock valued at $343,946 over the last three months. Corporate insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of NP. BlackRock Inc. boosted its stake in Neenah by 7.1% during the 2nd quarter. BlackRock Inc. now owns 2,341,986 shares of the basic materials company’s stock valued at $198,718,000 after purchasing an additional 154,239 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Neenah by 12.8% during the 2nd quarter. Wells Fargo & Company MN now owns 1,129,885 shares of the basic materials company’s stock valued at $95,872,000 after purchasing an additional 127,774 shares in the last quarter. Granite Investment Partners LLC boosted its stake in Neenah by 60.8% during the 3rd quarter. Granite Investment Partners LLC now owns 219,563 shares of the basic materials company’s stock valued at $18,948,000 after purchasing an additional 83,001 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Neenah by 10.2% during the 2nd quarter. Macquarie Group Ltd. now owns 827,972 shares of the basic materials company’s stock valued at $70,253,000 after purchasing an additional 76,786 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new position in Neenah during the 3rd quarter valued at $5,426,000. 93.82% of the stock is owned by hedge funds and other institutional investors.

About Neenah

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 and Estimates for Neenah (NYSE:NP)

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