Revenue Update on Neenah Paper(NYSE:NP)

Neenah Paper(NYSE:NP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $246.00M. Analysts estimated a revenue of $250.55M. Earnings per share were $1.26. Analysts had estimated an EPS of $1.14.

Neenah Paper (NP) shares turned negative on Fridays trading session with the shares closing down -2.14 points or -2.80% at a volume of 1,30,158. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $76.27. The peak price level was also seen at $76.27 while the days lowest was $74.05. Finally the shares closed at $74.28. The 52-week high of the shares is $78.98 while the 52-week low is $52.7. According to the latest information available, the market cap of the company is $1,246 M.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Larry Newton Brownlee (VP & Controller) sold 714 shares at $73.11 per share price.Also, On Jun 9, 2016, Timothy S Lucas (director) sold 1,493 shares at $71.09 per share price.On Jun 8, 2016, Bonnie Cruickshank Lind (SVP, CFO & Treasurer) sold 4,348 shares at $70.88 per share price, according to the Form-4 filing with the securities and exchange commission.

Neenah Paper Inc. (Neenah) has two primary businesses: technical products business and fine paper and packaging business. The Company’s technical products business is engaged in the production of filter media for transportation water and other markets and saturated and coated substrates for industrial products backings and a variety of other end markets. The technical products brands include JET-PRO SofStretch KIMDURA MUNISING LP PREVAIL NEENAH GESSNER and varieties. The Company’s fine paper and packaging business supplies printing packaging and other specialty papers in North America. The fine paper and packaging brands include CLASSIC ENVIRONMENT CAPITOL BOND ROYAL SUNDANCE SOUTHWORTH CLASSIC CREST ESSE ASTROBRIGHTS and EXACT BRIGHTS. In addition the Company also operates other segment which includes the Index Tag and Vellum Bristol product lines.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *