Neenah Paper (NP) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $1.26 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $1.14. The company posted revenue of $246.00 million in the period, compared to analysts expectations of $250.55 million. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.
Neenah Paper closed down -1.35 points or -1.76% at $75.31 with 53,325 shares getting traded on Tusday. Post opening the session at $76.41, the shares hit an intraday low of $75.24 and an intraday high of $76.77 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 10, 2016, Larry Newton Brownlee (VP & Controller) sold 714 shares at $73.11 per share price. According to the SEC, 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 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.