Wausau Paper Corp. Rating Increased to Neutral at Zacks (WPP)
Wausau Paper Corp. (NYSE:WPP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Wednesday. The firm currently has a $10.50 price objective on the stock. Zacks‘s price target points to a potential upside of 2.74% from the stock’s previous close.
Shares of Wausau Paper Corp. (NYSE:WPP) traded up 0.34% on Wednesday, hitting $10.255. The stock had a trading volume of 96,264 shares. Wausau Paper Corp. has a 52-week low of $10.00 and a 52-week high of $14.04. The stock’s 50-day moving average is $10.64 and its 200-day moving average is $12.06. The company’s market cap is $510.4 million.
Wausau Paper Corp. (NYSE:WPP) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.08. The company had revenue of $77.51 million for the quarter, compared to the consensus estimate of $81.92 million. On average, analysts predict that Wausau Paper Corp. will post $-0.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, July 30th.
Wausau Paper Corp. (NYSE:WPP) manufactures, converts, and sells paper and paper products.
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