Neenah (NP) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

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Neenah (NYSE:NP) posted its earnings results on Thursday. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05, MarketWatch Earnings reports. The firm had revenue of $239.70 million during the quarter, compared to analysts’ expectations of $262.00 million. Neenah had a return on equity of 15.03% and a net margin of 3.52%. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 earnings per share.

NP traded up $2.09 during trading on Friday, hitting $66.91. 268,725 shares of the stock were exchanged, compared to its average volume of 94,767. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 3.61 and a beta of 1.18. Neenah has a 1-year low of $56.80 and a 1-year high of $96.15. The company has a quick ratio of 1.21, a current ratio of 2.30 and a debt-to-equity ratio of 0.61.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Friday, May 17th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, May 16th. Neenah’s payout ratio is 51.43%.

Several equities research analysts recently weighed in on NP shares. Zacks Investment Research upgraded Neenah from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 9th. DA Davidson decreased their target price on Neenah to $77.00 and set a “positive” rating for the company in a research note on Wednesday, February 13th.

In other Neenah news, VP Larry Newton Brownlee sold 453 shares of Neenah stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $63.50, for a total transaction of $28,765.50. Following the transaction, the vice president now owns 5,166 shares of the company’s stock, valued at $328,041. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Armin Schwinn sold 489 shares of Neenah stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $64.01, for a total value of $31,300.89. Following the transaction, the senior vice president now directly owns 2,608 shares in the company, valued at approximately $166,938.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,047 shares of company stock worth $421,325. 1.60% of the stock is currently owned by corporate insiders.

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About Neenah

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

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Earnings History for Neenah (NYSE:NP)

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