Neenah Paper (NP) Receiving Somewhat Favorable News Coverage, Report Shows
News headlines about Neenah Paper (NYSE:NP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Neenah Paper earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 45.7559180177312 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern’s rankings:
- John P. O’donnell Sells 5,424 Shares of Neenah Paper, Inc. (NP) Stock (americanbankingnews.com)
- Zacks: Neenah Paper, Inc. (NP) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- CSE New Listing – New Point Exploration Commences Trading on the Canadian Securities Exchange – Video News Alert on Investmentpitch.com (finance.yahoo.com)
- ETFs with exposure to Neenah Paper, Inc. : December 21, 2017 (finance.yahoo.com)
Separately, DA Davidson reiterated a “neutral” rating on shares of Neenah Paper in a research note on Thursday, November 9th.
Neenah Paper (NYSE:NP) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.01. The firm had revenue of $245.10 million for the quarter, compared to the consensus estimate of $240.60 million. Neenah Paper had a return on equity of 20.48% and a net margin of 8.13%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. sell-side analysts expect that Neenah Paper will post 4.19 earnings per share for the current year.
Neenah Paper declared that its board has initiated a share buyback program on Wednesday, November 29th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the basic materials company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Friday, November 17th were paid a $0.37 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.61%. Neenah Paper’s dividend payout ratio (DPR) is currently 32.53%.
In related news, Director Timothy S. Lucas sold 2,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $87.90, for a total value of $175,800.00. Following the transaction, the director now directly owns 15,693 shares of the company’s stock, valued at approximately $1,379,414.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John P. O’donnell sold 5,424 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $91.50, for a total value of $496,296.00. Following the completion of the transaction, the insider now directly owns 82,390 shares in the company, valued at $7,538,685. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,454 shares of company stock worth $1,555,754. Company insiders own 2.00% of the company’s stock.
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Neenah Paper Company Profile
Neenah Paper, Inc is a producer of technical products and premium fine papers and packaging. The Company has two primary businesses: technical products business, and fine paper and packaging business. Its segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of transportation, water and other filter media and durable, saturated and coated substrates.
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