News stories about Neenah Paper (NYSE:NP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Neenah Paper earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.4762772716727 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of analysts recently commented on the company. BidaskClub upgraded Neenah Paper from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 15th. Zacks Investment Research cut Neenah Paper from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, ValuEngine cut Neenah Paper from a “buy” rating to a “hold” rating in a research report on Saturday, May 27th.
Neenah Paper (NYSE:NP) traded up 0.61% during mid-day trading on Friday, reaching $82.50. The company’s stock had a trading volume of 49,704 shares. The stock has a 50-day moving average price of $78.10 and a 200-day moving average price of $77.63. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 18.79 and a beta of 1.30. Neenah Paper has a one year low of $72.35 and a one year high of $90.23.
Neenah Paper (NYSE:NP) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.14. The business had revenue of $248.70 million during the quarter, compared to analyst estimates of $250.88 million. Neenah Paper had a return on equity of 21.03% and a net margin of 7.99%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. Equities research analysts forecast that Neenah Paper will post $4.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. Neenah Paper’s payout ratio is currently 33.71%.
In other news, SVP Julie Schertell sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $76.71, for a total transaction of $153,420.00. Following the sale, the senior vice president now directly owns 3,789 shares in the company, valued at approximately $290,654.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James R. Piedmonte sold 369 shares of the firm’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $81.50, for a total value of $30,073.50. Following the sale, the senior vice president now owns 2,801 shares in the company, valued at $228,281.50. The disclosure for this sale can be found here. Insiders have sold a total of 7,648 shares of company stock valued at $612,014 in the last quarter. Company insiders own 2.00% of the company’s stock.
Neenah Paper Company Profile
Neenah Paper, Inc is a producer of technical products and premium fine papers and packaging. The Company has two primary businesses: technical products business, and fine paper and packaging business. Its segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of transportation, water and other filter media and durable, saturated and coated substrates.
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