Neenah Paper (NP) Receiving Somewhat Favorable Press Coverage, Accern Reports

Press coverage about Neenah Paper (NYSE:NP) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Neenah Paper earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 45.3838864743252 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

NP has been the subject of a number of research analyst reports. Zacks Investment Research raised Neenah Paper from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a report on Wednesday, January 10th. DA Davidson reissued a “neutral” rating on shares of Neenah Paper in a report on Thursday, November 9th.

Neenah Paper (NYSE NP) traded up $0.40 during trading on Friday, hitting $84.00. The company’s stock had a trading volume of 9,450 shares, compared to its average volume of 68,963. The company has a market cap of $1,445.54, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 3.60 and a beta of 1.17. Neenah Paper has a twelve month low of $72.35 and a twelve month high of $95.40. The company has a current ratio of 2.52, a quick ratio of 1.44 and a debt-to-equity ratio of 0.56.

Neenah Paper (NYSE:NP) last posted its earnings results on Tuesday, November 7th. The basic materials company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.01. The business had revenue of $245.10 million during the quarter, compared to analyst estimates of $240.60 million. Neenah Paper had a return on equity of 20.48% and a net margin of 8.13%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. research analysts expect that Neenah Paper will post 4.19 earnings per share for the current fiscal year.

Neenah Paper announced that its board has approved a share buyback program on Wednesday, November 29th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the basic materials company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be issued a $0.41 dividend. This is a positive change from Neenah Paper’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, February 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.95%. Neenah Paper’s dividend payout ratio (DPR) is presently 32.60%.

In related news, insider John P. O’donnell sold 4,201 shares of Neenah Paper stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $93.50, for a total value of $392,793.50. Following the completion of the sale, the insider now owns 89,518 shares of the company’s stock, valued at $8,369,933. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John P. O’donnell sold 2,110 shares of Neenah Paper stock in a transaction on Monday, January 29th. The stock was sold at an average price of $93.75, for a total value of $197,812.50. Following the completion of the sale, the insider now directly owns 87,427 shares of the company’s stock, valued at approximately $8,196,281.25. The disclosure for this sale can be found here. In the last three months, insiders sold 21,021 shares of company stock valued at $1,913,120. Corporate insiders own 2.00% of the company’s stock.

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Neenah Paper Company Profile

Neenah, Inc, formerly Neenah Paper, Inc, is a materials company focused in niche markets. The Company has two primary businesses: technical products, and fine paper and packaging. The technical products business is an international producer of transportation, water and other filtration media, digital transfer materials, tape and abrasive backings, labels and other performance-oriented substrates.

Insider Buying and Selling by Quarter for Neenah Paper (NYSE:NP)

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