Neenah (NYSE:NP) will be posting its quarterly earnings results after the market closes on Tuesday, August 6th. Analysts expect Neenah to post earnings of $0.90 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Neenah (NYSE:NP) last issued its earnings results on Thursday, May 2nd. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $239.70 million for the quarter, compared to the consensus estimate of $262.00 million. Neenah had a net margin of 3.17% and a return on equity of 13.71%. The business’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. On average, analysts expect Neenah to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE NP traded down $0.42 during midday trading on Tuesday, hitting $62.95. The stock had a trading volume of 1,234 shares, compared to its average volume of 79,772. The firm’s 50 day moving average is $64.24. The stock has a market cap of $1.08 billion, a P/E ratio of 17.89, a P/E/G ratio of 4.08 and a beta of 1.34. Neenah has a 52 week low of $56.67 and a 52 week high of $96.15. The company has a current ratio of 2.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.65.
In related news, VP Larry Newton Brownlee sold 5,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $62.52, for a total transaction of $312,600.00. Following the transaction, the vice president now owns 17,246 shares in the company, valued at $1,078,219.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.
A number of brokerages recently weighed in on NP. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th.
Neenah Company Profile
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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