Neenah Inc (NYSE:NP) SVP Matthew L. Duncan sold 1,866 shares of Neenah stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $65.00, for a total transaction of $121,290.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Neenah stock opened at $65.65 on Friday. The firm has a market capitalization of $1.07 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 2.98 and a beta of 1.13. Neenah Inc has a 1-year low of $56.80 and a 1-year high of $96.15. The company has a quick ratio of 1.20, a current ratio of 2.24 and a debt-to-equity ratio of 0.62.
Neenah (NYSE:NP) last released its earnings results on Tuesday, November 6th. The basic materials company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.30). The business had revenue of $256.00 million during the quarter, compared to the consensus estimate of $270.25 million. Neenah had a net margin of 4.08% and a return on equity of 17.26%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business posted $1.02 EPS. On average, research analysts anticipate that Neenah Inc will post 3.61 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. ValuEngine lowered shares of Neenah from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Zacks Investment Research raised shares of Neenah from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, TheStreet lowered shares of Neenah from a “b-” rating to a “c+” rating in a research report on Tuesday, November 27th.
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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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