News headlines about Neenah (NYSE:NP) have been trending positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Neenah earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 46.3131491585129 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Research Analysts Offer Predictions for Neenah Inc’s Q2 2018 Earnings (NP) (americanbankingnews.com)
- Neenah Paper, Inc. (NP) Given $80.50 Average Target Price by Brokerages (americanbankingnews.com)
- Neenah Reports 2017 Fourth Quarter and Full Year Results (finance.yahoo.com)
- Neenah Paper (NP) Posts Earnings Results (americanbankingnews.com)
- Are Neenah Inc’s (NYSE:NP) Interest Costs Too High? (finance.yahoo.com)
Shares of Neenah (NYSE NP) opened at $79.25 on Monday. The company has a current ratio of 2.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.64. Neenah has a 12-month low of $72.35 and a 12-month high of $95.40. The stock has a market cap of $1,332.86, a price-to-earnings ratio of 16.90, a PEG ratio of 3.43 and a beta of 1.17.
Neenah (NYSE:NP) last issued its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.15. Neenah had a net margin of 8.19% and a return on equity of 19.49%. The company had revenue of $244.00 million during the quarter, compared to the consensus estimate of $233.85 million. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. research analysts expect that Neenah will post 4.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be given a dividend of $0.41 per share. This is an increase from Neenah’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, February 15th. This represents a $1.64 annualized dividend and a dividend yield of 2.07%. Neenah’s dividend payout ratio is currently 34.97%.
Neenah announced that its Board of Directors has initiated a stock buyback program on Wednesday, November 29th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
NP has been the subject of several research reports. Zacks Investment Research downgraded shares of Neenah from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. DA Davidson reissued a “neutral” rating on shares of Neenah in a research report on Thursday, November 9th.
In related news, insider John P. O’donnell sold 3,914 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $89.66, for a total value of $350,929.24. Following the completion of the transaction, the insider now owns 80,880 shares of the company’s stock, valued at $7,251,700.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John P. O’donnell sold 1,807 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $89.54, for a total transaction of $161,798.78. Following the completion of the transaction, the insider now directly owns 78,773 shares of the company’s stock, valued at approximately $7,053,334.42. The disclosure for this sale can be found here. Insiders have sold 19,456 shares of company stock valued at $1,775,430 in the last three months. 2.00% of the stock is owned by insiders.
Neenah, Inc, formerly Neenah Paper, Inc, is a materials company focused in niche markets. The Company has two primary businesses: technical products, and fine paper and packaging. The technical products business is an international producer of transportation, water and other filtration media, digital transfer materials, tape and abrasive backings, labels and other performance-oriented substrates.
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