Neenah Inc (NYSE:NP) has received a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Brokers have set a 1 year consensus price objective of $80.50 for the company and are forecasting that the company will post $1.12 earnings per share for the current quarter, according to Zacks. Zacks has also given Neenah an industry rank of 164 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Neenah from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th.
In other Neenah news, Director Sean T. Erwin sold 1,318 shares of the business’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $82.88, for a total value of $109,235.84. Following the sale, the director now directly owns 20,453 shares in the company, valued at $1,695,144.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Larry Newton Brownlee sold 800 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $80.22, for a total transaction of $64,176.00. Following the completion of the sale, the vice president now owns 3,860 shares in the company, valued at $309,649.20. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the business. California Public Employees Retirement System raised its position in Neenah by 1.5% in the fourth quarter. California Public Employees Retirement System now owns 39,077 shares of the basic materials company’s stock worth $3,542,000 after acquiring an additional 586 shares in the last quarter. US Bancorp DE raised its position in Neenah by 115.7% in the fourth quarter. US Bancorp DE now owns 1,152 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 618 shares in the last quarter. Teachers Advisors LLC raised its position in Neenah by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 30,269 shares of the basic materials company’s stock worth $2,744,000 after acquiring an additional 642 shares in the last quarter. Barclays PLC raised its position in Neenah by 3.4% in the first quarter. Barclays PLC now owns 20,592 shares of the basic materials company’s stock worth $1,615,000 after acquiring an additional 678 shares in the last quarter. Finally, Forward Management LLC raised its position in Neenah by 10.4% in the first quarter. Forward Management LLC now owns 7,377 shares of the basic materials company’s stock worth $578,000 after acquiring an additional 697 shares in the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.
Shares of Neenah traded up $0.90, reaching $83.50, during midday trading on Friday, according to MarketBeat Ratings. 1,466 shares of the company traded hands, compared to its average volume of 84,242. Neenah has a 52 week low of $75.50 and a 52 week high of $95.40. The company has a quick ratio of 1.32, a current ratio of 2.51 and a debt-to-equity ratio of 0.65. The stock has a market cap of $1.40 billion, a P/E ratio of 19.33, a P/E/G ratio of 3.77 and a beta of 1.26.
Neenah (NYSE:NP) last issued its quarterly earnings data on Wednesday, May 9th. The basic materials company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. Neenah had a net margin of 7.86% and a return on equity of 18.73%. The business had revenue of $266.50 million for the quarter, compared to analysts’ expectations of $260.30 million. During the same period in the previous year, the business earned $1.03 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. sell-side analysts anticipate that Neenah will post 4.43 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Friday, May 18th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Thursday, May 17th. Neenah’s dividend payout ratio is currently 37.96%.
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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