Neff Corporation (NEFF) Earning Somewhat Favorable News Coverage, Study Finds
News stories about Neff Corporation (NYSE:NEFF) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Neff Corporation earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.8414974723096 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Ex-MLB player Chad Curtis settles with 2 of 4 sex-assault victims (mlive.com)
- Wisconsin Cyclocross – Feldhausen, Neff Start Season with Wins at Cross Shooshko – Video and Photos (cxmagazine.com)
- Profits expected to rise for United Rentals following Harvey (equipmentworld.com)
- Neff Corporation (NEFF) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
Shares of Neff Corporation (NYSE:NEFF) opened at 25.00 on Tuesday. The company has a market cap of $222.30 million, a P/E ratio of 17.92 and a beta of 3.38. Neff Corporation has a 52 week low of $8.50 and a 52 week high of $26.45. The company’s 50-day moving average price is $23.89 and its 200 day moving average price is $19.66.
Neff Corporation (NYSE:NEFF) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.16). The business had revenue of $104.10 million for the quarter, compared to analysts’ expectations of $104.35 million. Neff Corporation had a negative return on equity of 9.21% and a net margin of 3.26%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 EPS. Equities research analysts anticipate that Neff Corporation will post $1.71 earnings per share for the current fiscal year.
NEFF has been the topic of several recent analyst reports. ValuEngine downgraded Neff Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research raised Neff Corporation from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, June 28th. Wells Fargo & Company reissued a “market perform” rating and set a $18.00 target price (up previously from $8.50) on shares of Neff Corporation in a research note on Tuesday, June 6th. Finally, Jefferies Group LLC reissued a “neutral” rating on shares of Neff Corporation in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Neff Corporation presently has a consensus rating of “Hold” and an average target price of $20.17.
About Neff Corporation
Neff Corporation is an equipment rental company. The Company offers an array of equipment rental solutions for its customer base, including infrastructure, non-residential construction, oil and gas, and residential construction customers. Its fleet of equipment includes earthmoving, material handling, aerial and other rental equipment.
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