News stories about Neenah (NYSE:NP) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Neenah earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 42.6979639975263 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of NP stock opened at $80.35 on Wednesday. The stock has a market capitalization of $1,360.77, a PE ratio of 17.13, a P/E/G ratio of 3.60 and a beta of 1.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.14 and a current ratio of 2.29. Neenah has a 1-year low of $72.35 and a 1-year high of $95.40.
Neenah (NYSE:NP) last announced its earnings results on Wednesday, February 14th. The basic materials company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.15. The business had revenue of $244.00 million for the quarter, compared to analyst estimates of $233.85 million. Neenah had a return on equity of 19.49% and a net margin of 8.19%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. analysts expect that Neenah will post 4.48 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were paid a $0.41 dividend. This is a positive change from Neenah’s previous quarterly dividend of $0.37. This represents a $1.64 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, February 15th. Neenah’s dividend payout ratio is currently 34.97%.
Neenah declared that its Board of Directors has approved a stock repurchase plan on Wednesday, November 29th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the basic materials company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.
Separately, Zacks Investment Research raised Neenah from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Wednesday, January 10th.
In related news, insider John P. O’donnell sold 5,424 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $91.50, for a total transaction of $496,296.00. Following the completion of the sale, the insider now directly owns 82,390 shares in the company, valued at approximately $7,538,685. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy S. Lucas sold 1,475 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $80.05, for a total value of $118,073.75. Following the sale, the director now owns 17,168 shares of the company’s stock, valued at $1,374,298.40. The disclosure for this sale can be found here. Insiders have sold a total of 18,864 shares of company stock worth $1,654,493 over the last quarter. Corporate insiders own 2.00% of the company’s stock.
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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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