Neenah Inc (NYSE:NP) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokers have set a 1-year consensus price objective of $67.00 for the company and are anticipating that the company will post $0.90 earnings per share for the current quarter, according to Zacks. Zacks has also given Neenah an industry rank of 224 out of 256 based on the ratings given to related companies.
A number of research analysts have commented on the company. Zacks Investment Research cut Neenah from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. DA Davidson reduced their price objective on Neenah to $77.00 and set a “positive” rating on the stock in a research note on Wednesday, February 13th.
Neenah stock traded up $0.02 during midday trading on Wednesday, reaching $61.21. The stock had a trading volume of 39,565 shares, compared to its average volume of 88,253. Neenah has a twelve month low of $56.67 and a twelve month high of $96.15. The stock has a market capitalization of $1.04 billion, a P/E ratio of 17.49, a PEG ratio of 3.85 and a beta of 1.26. The company has a current ratio of 2.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.65.
Neenah (NYSE:NP) last issued its earnings results on Thursday, May 2nd. The basic materials company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.05. Neenah had a return on equity of 13.71% and a net margin of 3.17%. The firm had revenue of $239.70 million for the quarter, compared to analysts’ expectations of $262.00 million. During the same quarter last year, the firm earned $1.04 earnings per share. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, sell-side analysts predict that Neenah will post 3.13 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Thursday, May 16th. Neenah’s payout ratio is 51.43%.
In other news, VP Larry Newton Brownlee sold 453 shares of Neenah stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $63.50, for a total transaction of $28,765.50. Following the sale, the vice president now directly owns 5,166 shares of the company’s stock, valued at $328,041. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in NP. Investors Research Corp bought a new stake in Neenah in the first quarter valued at about $32,000. Quantamental Technologies LLC bought a new stake in Neenah in the fourth quarter valued at about $35,000. Cresset Asset Management LLC bought a new stake in Neenah in the first quarter valued at about $43,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Neenah by 46.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,166 shares of the basic materials company’s stock valued at $69,000 after buying an additional 372 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in Neenah by 12.8% in the fourth quarter. Bank of Montreal Can now owns 1,485 shares of the basic materials company’s stock valued at $87,000 after buying an additional 168 shares during the last quarter. 92.63% of the stock is currently owned by institutional investors and hedge funds.
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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