Neenah (NYSE:NP) announced its quarterly earnings results on Tuesday. The basic materials company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05, Bloomberg Earnings reports. Neenah had a net margin of 3.17% and a return on equity of 13.71%. The firm had revenue of $253.40 million for the quarter, compared to analyst estimates of $261.47 million. During the same period last year, the business earned $1.18 EPS. Neenah’s revenue for the quarter was down 6.6% compared to the same quarter last year.
NYSE NP traded up $0.87 during trading on Tuesday, reaching $61.95. The company’s stock had a trading volume of 143,018 shares, compared to its average volume of 88,503. The company has a current ratio of 2.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 3.98 and a beta of 1.32. Neenah has a twelve month low of $56.67 and a twelve month high of $96.15. The business’s fifty day moving average is $64.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Friday, August 16th will be paid a $0.45 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.80 dividend on an annualized basis and a yield of 2.91%. Neenah’s dividend payout ratio is presently 51.43%.
In other Neenah news, VP Larry Newton Brownlee sold 5,000 shares of Neenah stock in a transaction on Friday, May 10th. The shares were sold at an average price of $62.52, for a total value of $312,600.00. Following the transaction, the vice president now directly owns 17,246 shares in the company, valued at $1,078,219.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System increased its stake in shares of Neenah by 0.6% during the second quarter. Arizona State Retirement System now owns 26,164 shares of the basic materials company’s stock worth $1,767,000 after acquiring an additional 155 shares during the period. Aperio Group LLC increased its stake in shares of Neenah by 1.4% during the second quarter. Aperio Group LLC now owns 11,598 shares of the basic materials company’s stock worth $783,000 after acquiring an additional 159 shares during the period. Signaturefd LLC increased its stake in shares of Neenah by 51.4% during the second quarter. Signaturefd LLC now owns 477 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 162 shares during the period. Mason Street Advisors LLC increased its stake in shares of Neenah by 3.4% during the first quarter. Mason Street Advisors LLC now owns 5,415 shares of the basic materials company’s stock worth $349,000 after acquiring an additional 177 shares during the period. Finally, 6 Meridian increased its stake in shares of Neenah by 2.7% during the second quarter. 6 Meridian now owns 7,394 shares of the basic materials company’s stock worth $499,000 after acquiring an additional 197 shares during the period. Institutional investors own 92.01% of the company’s stock.
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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