Neenah Paper (NP) Earns Daily Media Impact Rating of 0.13
Media headlines about Neenah Paper (NYSE:NP) have trended somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Neenah Paper earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.1795378052212 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Neenah Paper (NYSE:NP) traded down 0.77% during mid-day trading on Friday, reaching $77.00. The company had a trading volume of 58,150 shares. Neenah Paper has a 12 month low of $72.35 and a 12 month high of $90.23. The firm’s 50 day moving average price is $78.93 and its 200-day moving average price is $77.71. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 17.54 and a beta of 1.30.
Neenah Paper (NYSE:NP) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.14. The firm had revenue of $248.70 million during the quarter, compared to the consensus estimate of $250.88 million. Neenah Paper had a return on equity of 21.03% and a net margin of 7.99%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 EPS. Equities research analysts anticipate that Neenah Paper will post $4.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.92%. The ex-dividend date is Wednesday, August 16th. Neenah Paper’s dividend payout ratio is presently 33.71%.
Neenah Paper announced that its board has approved a stock buyback plan on Thursday, May 25th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the basic materials company to purchase up to 2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
NP has been the subject of several research analyst reports. Zacks Investment Research cut Neenah Paper from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. BidaskClub upgraded Neenah Paper from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, ValuEngine cut Neenah Paper from a “buy” rating to a “hold” rating in a research note on Saturday, May 27th.
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In other news, VP Larry Newton Brownlee sold 1,450 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $79.77, for a total transaction of $115,666.50. Following the completion of the transaction, the vice president now directly owns 2,912 shares of the company’s stock, valued at approximately $232,290.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Bonnie Cruickshank Lind sold 1,500 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $81.00, for a total value of $121,500.00. Following the transaction, the chief financial officer now directly owns 2,519 shares of the company’s stock, valued at $204,039. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,809 shares of company stock valued at $873,204. 2.00% of the stock is owned by company insiders.
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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