Neenah Paper (NP) to Release Earnings on Tuesday

Neenah Paper (NYSE:NP) is set to release its earnings data after the market closes on Tuesday, February 13th. Analysts expect Neenah Paper to post earnings of $0.96 per share for the quarter.

Neenah Paper (NYSE:NP) last posted its earnings results on Tuesday, November 7th. The basic materials company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.01. Neenah Paper had a return on equity of 20.48% and a net margin of 8.13%. The business had revenue of $245.10 million during the quarter, compared to analysts’ expectations of $240.60 million. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. On average, analysts expect Neenah Paper to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Neenah Paper (NP) opened at $87.95 on Tuesday. Neenah Paper has a 52-week low of $72.35 and a 52-week high of $95.40. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 2.52. The company has a market capitalization of $1,517.02, a PE ratio of 19.37, a P/E/G ratio of 3.78 and a beta of 1.17.

Neenah Paper declared that its board has approved a stock buyback program on Wednesday, November 29th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the basic materials company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.86%. This is a boost from Neenah Paper’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Thursday, February 15th. Neenah Paper’s payout ratio is presently 32.60%.

In other Neenah Paper news, insider Byron Jason Racki sold 1,107 shares of Neenah Paper stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $88.13, for a total transaction of $97,559.91. Following the completion of the sale, the insider now owns 2,595 shares of the company’s stock, valued at $228,697.35. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Larry Newton Brownlee sold 458 shares of Neenah Paper stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $87.62, for a total value of $40,129.96. Following the sale, the vice president now directly owns 2,370 shares of the company’s stock, valued at approximately $207,659.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,021 shares of company stock valued at $1,913,120. Corporate insiders own 2.00% of the company’s stock.

Several research firms recently commented on NP. Zacks Investment Research upgraded Neenah Paper from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Wednesday, January 10th. DA Davidson restated a “neutral” rating on shares of Neenah Paper in a research report on Thursday, November 9th.

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Neenah Paper Company Profile

Neenah, Inc, formerly Neenah Paper, Inc, is a materials company focused in niche markets. The Company has two primary businesses: technical products, and fine paper and packaging. The technical products business is an international producer of transportation, water and other filtration media, digital transfer materials, tape and abrasive backings, labels and other performance-oriented substrates.

Earnings History for Neenah Paper (NYSE:NP)

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