Neenah, Inc. (NYSE:NP) is expected to report third quarter earnings results, after market close, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.26 per share from revenue of $ 182.87 million.
Looking ahead, the full year income are expected at $ 1.60 per share on the revenues of $ 773.03 million.
Previous Quarter Performance
Neenah, Inc. communicated loss for the second quarter of $ 0.08 per share, from the revenue of $ 161.40 million. The quarterly revenues shrunk 38.27 percent compared with the same quarter last year. Wall street analysts are predicting, NP to report 2Q20 loss of $ 0.12 per share from revenue of $ 154.03 million. The bottom line results beat street analysts by $ 0.04 or 33.33 percent, at the same time, top line results outshined analysts by $ 7.37 million or 4.78 percent.
Stock Performance
Shares of Neenah, Inc. traded up $ 0.68 or 1.81 percent on Monday, reaching $ 38.31 with volume of 57.10 thousand shares. Neenah, Inc. has traded high as $ 38.44 and has cracked $ 37.78 on the downward trend
The closing price of $ 38.31, representing a 12.53 % increase from the 52 week low of $ 33.44 and a 51.48 % decrease over the 52 week high of $ 77.55.
The company has a market capital of $ 643.69 million and is part of the Basic Materials sector and Paper & Paper Products industry.
Recent Stock Dividend Announcement
On July 31, 2020, the board of directors authorized quarterly dividend of $ 0.47 per share to holders of record as of the close of business on August 14, 2020, with payment date of September 2, 2020 and ex-dividend date on August 13, 2020.
Neenah, Inc. produces and sells technical products, and fine paper and packaging products worldwide. Its Technical Products segment offers filtration media for transportation, water, and other uses; saturated and unsaturated crepe, and flat paper tapes; and coated lightweight abrasive papers for automotive, construction, metal, and woodworking industries.
