Neenah Inc (NYSE:NP) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a 1-year consensus price objective of $67.00 for the company and are anticipating that the company will post $0.80 EPS for the current quarter, according to Zacks. Zacks has also given Neenah an industry rank of 239 out of 256 based on the ratings given to its competitors.
Several research analysts recently issued reports on the company. Zacks Investment Research raised Neenah from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 4th. ValuEngine raised Neenah from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd.
Shares of NP traded down $0.90 during trading hours on Friday, hitting $67.96. The company had a trading volume of 1,806 shares, compared to its average volume of 92,954. The company has a market cap of $1.04 billion, a P/E ratio of 19.30, a PEG ratio of 3.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.49 and a quick ratio of 1.31. Neenah has a one year low of $56.67 and a one year high of $96.15. The business’s fifty day moving average price is $64.88.
Neenah (NYSE:NP) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05. The firm had revenue of $253.40 million during the quarter, compared to analyst estimates of $261.47 million. Neenah had a return on equity of 12.67% and a net margin of 5.09%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.18 EPS. Sell-side analysts predict that Neenah will post 3.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Friday, August 16th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, August 15th. Neenah’s dividend payout ratio is currently 51.43%.
A number of large investors have recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in shares of Neenah by 51.4% in the second quarter. Signaturefd LLC now owns 477 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 162 shares during the period. Investors Research Corp acquired a new position in shares of Neenah in the first quarter valued at about $32,000. Quantamental Technologies LLC increased its holdings in shares of Neenah by 116.9% in the first quarter. Quantamental Technologies LLC now owns 1,299 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 700 shares during the period. Advisor Group Inc. increased its holdings in shares of Neenah by 32.4% in the fourth quarter. Advisor Group Inc. now owns 1,727 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 423 shares during the period. Finally, First Interstate Bank increased its holdings in shares of Neenah by 29.3% in the first quarter. First Interstate Bank now owns 1,766 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 400 shares during the period. 92.01% of the stock is currently owned by institutional investors.
Neenah, Inc produces and sells technical products, and fine paper and packaging products worldwide. Its Technical Products segment offers filtration media for transportation, water, and other uses; saturated and unsaturated crepe, and flat paper tapes; and coated lightweight abrasive papers for automotive, construction, metal, and woodworking industries.
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