Neenah Paper (NYSE:NP) posted its earnings results on Wednesday. The basic materials company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.15, RTT News reports. Neenah Paper had a net margin of 8.19% and a return on equity of 19.82%. The firm had revenue of $244.00 million during the quarter, compared to the consensus estimate of $233.85 million. During the same quarter last year, the firm earned $1.10 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis.
Shares of Neenah Paper (NYSE NP) opened at $80.15 on Friday. The firm has a market cap of $1,436.29, a P/E ratio of 19.72, a P/E/G ratio of 3.58 and a beta of 1.18. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.52 and a quick ratio of 1.44. Neenah Paper has a 1-year low of $72.35 and a 1-year high of $95.40.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.05%. The ex-dividend date is Thursday, February 15th. This is an increase from Neenah Paper’s previous quarterly dividend of $0.37. Neenah Paper’s dividend payout ratio (DPR) is 31.56%.
Neenah Paper announced that its board has authorized a stock buyback plan on Wednesday, November 29th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.
In other Neenah Paper news, insider John P. O’donnell sold 1,807 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $89.54, for a total value of $161,798.78. Following the completion of the transaction, the insider now owns 78,773 shares in the company, valued at $7,053,334.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John P. O’donnell sold 2,110 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $93.75, for a total transaction of $197,812.50. Following the completion of the transaction, the insider now owns 87,427 shares of the company’s stock, valued at approximately $8,196,281.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,456 shares of company stock valued at $1,775,430. Insiders own 2.00% of the company’s stock.
Several analysts recently weighed in on NP shares. Zacks Investment Research downgraded shares of Neenah Paper from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. DA Davidson reiterated a “neutral” rating on shares of Neenah Paper in a 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.
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