Neenah Paper (NP) Earning Somewhat Positive News Coverage, Study Finds
Headlines about Neenah Paper (NYSE:NP) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Neenah Paper earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 47.062781086948 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Insider Selling: Neenah Paper, Inc. (NP) Insider Sells 3,914 Shares of Stock (americanbankingnews.com)
- Neenah Paper, Inc. (NP) Insider Sells $161,798.78 in Stock (americanbankingnews.com)
- Neenah Paper, Inc. (NP) Insider Sells $97,559.91 in Stock (americanbankingnews.com)
- Stock Repurchase Plan Approved by Neenah Paper (NP) Board of Directors (americanbankingnews.com)
- Neenah Paper (NP) Hikes Quarterly Dividend Payout by 11% (finance.yahoo.com)
Several research firms recently issued reports on NP. DA Davidson reiterated a “neutral” rating on shares of Neenah Paper in a report on Thursday, November 9th. Zacks Investment Research downgraded Neenah Paper from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, BidaskClub raised Neenah Paper from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 15th.
Neenah Paper (NYSE:NP) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 earnings per share. equities analysts forecast that Neenah Paper will post 4.19 EPS for the current year.
Neenah Paper declared that its Board of Directors has authorized a share repurchase program on Wednesday, November 29th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the basic materials company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Friday, November 17th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, November 16th. Neenah Paper’s dividend payout ratio (DPR) is presently 32.60%.
In other news, VP Larry Newton Brownlee sold 458 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $87.62, for a total value of $40,129.96. Following the transaction, the vice president now owns 2,370 shares of the company’s stock, valued at $207,659.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew L. Duncan sold 1,107 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $79.00, for a total value of $87,453.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,448 shares of company stock worth $996,613. Company insiders own 2.00% of the company’s stock.
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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