Neenah Paper (NP) reported quarterly earnings results on Wednesday, May-11-2016. The company said it had a profit of $1.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $1.08. The company posted revenue of $242.10 million in the period, compared to analysts expectations of $244.90 million. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.
Neenah Paper opened for trading at $66.61 and hit $66.89 on the upside on Tuesday, eventually ending the session at $66.3, with a gain of 0.11% or 0.07 points. The heightened volatility saw the trading volume jump to 83,198 shares. Company has a market cap of $1,109 M.
In a different news, on Apr 19, 2016, Stephen Michael Wood (director) sold 1,870 shares at $65.00 per share price. According to the SEC, on Mar 1, 2016, Armin Schwinn (SVP, Mng Dir, Neenah Germany) sold 3,604 shares at $60.60 per share price. On Nov 30, 2015, Sean T Erwin (director) sold 6,000 shares at $65.30 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 Companys 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 Companys 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.