Analysts Set Expectations for Neenah Inc’s Q1 2019 Earnings (NP)

Neenah Inc (NYSE:NP) – Equities research analysts at DA Davidson issued their Q1 2019 earnings per share estimates for Neenah in a note issued to investors on Wednesday, November 7th. DA Davidson analyst S. Chercover expects that the basic materials company will post earnings per share of $0.95 for the quarter. DA Davidson has a “Neutral” rating on the stock. DA Davidson also issued estimates for Neenah’s Q2 2019 earnings at $1.18 EPS, Q3 2019 earnings at $1.09 EPS and Q4 2019 earnings at $1.03 EPS.

Several other analysts also recently issued reports on NP. Zacks Investment Research raised shares of Neenah from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. ValuEngine downgraded shares of Neenah from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th.

Shares of NYSE:NP opened at $73.23 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.24 and a debt-to-equity ratio of 0.62. Neenah has a 12 month low of $71.77 and a 12 month high of $96.15. The stock has a market capitalization of $1.28 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 3.61 and a beta of 1.07.

Neenah (NYSE:NP) last announced its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.30). Neenah had a net margin of 4.08% and a return on equity of 17.26%. The business had revenue of $256.00 million during the quarter, compared to the consensus estimate of $270.25 million. During the same period in the previous year, the business posted $1.02 EPS. The firm’s revenue was up 4.5% on a year-over-year basis.

Large investors have recently bought and sold shares of the company. Atwood & Palmer Inc. lifted its stake in shares of Neenah by 184.6% during the second quarter. Atwood & Palmer Inc. now owns 1,423 shares of the basic materials company’s stock worth $121,000 after buying an additional 923 shares during the period. Parallel Advisors LLC acquired a new stake in shares of Neenah during the third quarter worth $143,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Neenah during the second quarter worth $199,000. Motley Fool Wealth Management LLC acquired a new stake in shares of Neenah during the third quarter worth $204,000. Finally, Princeton Portfolio Strategies Group LLC acquired a new stake in shares of Neenah during the third quarter worth $207,000. Institutional investors and hedge funds own 93.82% of the company’s stock.

In other Neenah news, Director Sean T. Erwin sold 2,000 shares of Neenah stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $89.00, for a total value of $178,000.00. Following the transaction, the director now directly owns 18,453 shares of the company’s stock, valued at $1,642,317. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Larry Newton Brownlee sold 278 shares of Neenah stock in a transaction on Monday, September 10th. The stock was sold at an average price of $91.90, for a total transaction of $25,548.20. Following the completion of the transaction, the vice president now directly owns 3,338 shares in the company, valued at $306,762.20. The disclosure for this sale can be found here. Insiders sold 4,726 shares of company stock worth $423,147 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, November 16th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, November 15th. Neenah’s dividend payout ratio is currently 37.96%.

Neenah Company Profile

Neenah, Inc produces and sells technical products, and fine paper and packaging products worldwide. The company's Technical Products segment offers filtration media for transportation, water, and other uses; saturated and unsaturated crepe, and flat paper tapes to manufacturers; and coated lightweight abrasive paper for automotive, construction, metal, and woodworking industries.

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Earnings History and Estimates for Neenah (NYSE:NP)

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