Shares of Neenah Inc (NYSE:NP) have been assigned a consensus 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 recommendation.
Brokers have set a one year consensus price objective of $67.00 for the company and are forecasting that the company will post $0.90 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Neenah an industry rank of 168 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Neenah from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th.
Neenah (NYSE:NP) last posted its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $239.70 million during the quarter, compared to analysts’ expectations of $262.00 million. Neenah had a return on equity of 13.71% and a net margin of 3.17%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. Sell-side analysts anticipate that Neenah will post 3.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.71%. The ex-dividend date was Thursday, May 16th. Neenah’s payout ratio is 51.43%.
In other Neenah news, VP Larry Newton Brownlee sold 5,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $62.52, for a total transaction of $312,600.00. Following the completion of the transaction, the vice president now owns 17,246 shares of the company’s stock, valued at $1,078,219.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in NP. Investors Research Corp purchased a new position in Neenah during the first quarter worth $32,000. Quantamental Technologies LLC increased its position in Neenah by 116.9% during the first quarter. Quantamental Technologies LLC now owns 1,299 shares of the basic materials company’s stock worth $84,000 after buying an additional 700 shares in the last quarter. Bank of Montreal Can increased its position in Neenah by 12.8% during the fourth quarter. Bank of Montreal Can now owns 1,485 shares of the basic materials company’s stock worth $87,000 after buying an additional 168 shares in the last quarter. Advisor Group Inc. increased its position in Neenah by 32.4% during the fourth quarter. Advisor Group Inc. now owns 1,727 shares of the basic materials company’s stock worth $102,000 after buying an additional 423 shares in the last quarter. Finally, First Interstate Bank grew its position in shares of Neenah by 29.3% in the first quarter. First Interstate Bank now owns 1,766 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 400 shares during the period. 92.62% of the stock is owned by institutional investors.
Neenah Company Profile
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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