Shares of Neenah Inc (NYSE:NP) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokerages have set a one year consensus price target of $88.00 for the company and are expecting that the company will post $0.62 earnings per share for the current quarter, according to Zacks. Zacks has also given Neenah an industry rank of 182 out of 257 based on the ratings given to its competitors.
Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Neenah from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 14th. ValuEngine downgraded shares of Neenah from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Neenah in a report on Wednesday, August 8th.
NYSE NP traded up $0.14 during mid-day trading on Wednesday, reaching $68.16. The stock had a trading volume of 2,483 shares, compared to its average volume of 75,544. Neenah has a 1 year low of $67.49 and a 1 year high of $96.15. The firm has a market cap of $1.15 billion, a P/E ratio of 15.80, a PEG ratio of 3.77 and a beta of 1.07. The company has a quick ratio of 1.20, a current ratio of 2.24 and a debt-to-equity ratio of 0.62.
Neenah (NYSE:NP) last announced its earnings results on Tuesday, November 6th. The basic materials company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.30). The company had revenue of $256.00 million for the quarter, compared to analysts’ expectations of $270.25 million. Neenah had a net margin of 4.08% and a return on equity of 17.26%. Neenah’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 earnings per share. As a group, equities analysts expect that Neenah will post 3.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 16th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, November 15th. Neenah’s dividend payout ratio (DPR) is presently 37.96%.
In other news, VP Larry Newton Brownlee sold 278 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $91.90, for a total transaction of $25,548.20. Following the sale, the vice president now directly owns 3,338 shares in the company, valued at approximately $306,762.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Armin Schwinn sold 1,556 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $90.23, for a total transaction of $140,397.88. Following the sale, the senior vice president now owns 2,240 shares in the company, valued at $202,115.20. The disclosure for this sale can be found here. Insiders have sold a total of 4,322 shares of company stock valued at $345,007 in the last three months. Insiders own 1.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of NP. BlackRock Inc. increased its position in shares of Neenah by 3.2% during the third quarter. BlackRock Inc. now owns 2,417,091 shares of the basic materials company’s stock worth $208,596,000 after acquiring an additional 75,105 shares during the period. Wells Fargo & Company MN increased its position in shares of Neenah by 12.8% during the second quarter. Wells Fargo & Company MN now owns 1,129,885 shares of the basic materials company’s stock worth $95,872,000 after acquiring an additional 127,774 shares during the period. Vanguard Group Inc. increased its position in shares of Neenah by 3.3% during the third quarter. Vanguard Group Inc. now owns 1,025,805 shares of the basic materials company’s stock worth $88,527,000 after acquiring an additional 32,846 shares during the period. Macquarie Group Ltd. increased its position in shares of Neenah by 9.3% during the third quarter. Macquarie Group Ltd. now owns 904,688 shares of the basic materials company’s stock worth $78,075,000 after acquiring an additional 76,716 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Neenah by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 737,050 shares of the basic materials company’s stock worth $62,539,000 after acquiring an additional 6,797 shares during the period. 93.32% of the stock is currently owned by institutional investors.
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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