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%.
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.
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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