Somewhat Favorable News Coverage Somewhat Unlikely to Affect Neenah Paper (NP) Share Price
Press coverage about Neenah Paper (NYSE:NP) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Neenah Paper earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 45.3030876288973 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Zacks: Neenah Paper, Inc. (NYSE:NP) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Geode Capital Management LLC Acquires 11144 Shares of Neenah Paper, Inc. (NP) (lazeresportes.com)
- Neenah Paper (NP) Presents At Jefferies 13th Annual Industrials Conference – Slideshow (seekingalpha.com)
Several analysts have issued reports on NP shares. Zacks Investment Research upgraded Neenah Paper from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine downgraded Neenah Paper from a “buy” rating to a “hold” rating in a report on Saturday, May 27th. Finally, BidaskClub upgraded Neenah Paper from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st.
Shares of Neenah Paper (NYSE NP) opened at 77.05 on Friday. Neenah Paper has a 12-month low of $72.35 and a 12-month high of $90.23. The firm’s 50-day moving average price is $79.13 and its 200 day moving average price is $77.92. The firm has a market cap of $1.29 billion, a P/E ratio of 17.55 and a beta of 1.30.
Neenah Paper (NYSE:NP) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.14. Neenah Paper had a return on equity of 21.03% and a net margin of 7.99%. The business had revenue of $248.70 million for the quarter, compared to analysts’ expectations of $250.88 million. During the same quarter in the previous year, the business posted $1.26 EPS. Neenah Paper’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts expect that Neenah Paper will post $4.18 earnings per share for the current fiscal year.
Neenah Paper declared that its board has authorized a stock buyback plan on Thursday, May 25th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the basic materials company to reacquire up to 2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Wednesday, August 16th. Neenah Paper’s dividend payout ratio (DPR) is presently 33.71%.
In other news, VP Larry Newton Brownlee sold 1,450 shares of Neenah Paper stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $79.77, for a total transaction of $115,666.50. Following the transaction, the vice president now owns 2,912 shares in the company, valued at approximately $232,290.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James R. Piedmonte sold 369 shares of Neenah Paper stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $81.50, for a total value of $30,073.50. Following the transaction, the senior vice president now owns 2,801 shares in the company, valued at approximately $228,281.50. The disclosure for this sale can be found here. Insiders have sold a total of 10,809 shares of company stock worth $873,204 in the last quarter. 2.00% of the stock is currently owned by company insiders.
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About Neenah Paper
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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