This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
Neenah Paper manufactures and distributes a wide range of premium and specialty paper grades, with well-known brands such as Classic, Environment, Kimdura, and Munising. The company also produces and sells bleached pulp, primarily for use in the manufacture of tissue and writing papers.
The Zacks Rank #1 stock has a dividend yield of 2.1%.
Business Is Improving
Recently, management indicated that its businesses continue to gain momentum with a fourth sequential quarterly increase in sales, EBIT, and margins. The company has been able to maintain cost reduction efforts and increase selling prices.
Additionally, the company is using its cash flow to pay down debt.
Neenah Paper's improved results and balance sheet caught the attention of Moody's (MCO), which placed all of its ratings on Neenah Paper on review for possible upgrades. If Moody's upgrades Neenah Paper's debt ratings, its borrowing will decrease.
Analysts covering Neenah Paper have good reason to be bullish on the stock. In the last four quarters, Neenah Paper has beaten the Zacks Consensus by an average of 145%.
In the 60 days, the Zacks Consensus Estimate for 2010 is up 27 cents, or 29.0%, while the Zacks Consensus for 2011 is higher by 6 cents, or 4.0%.
In addition, analysts expect Neenah Paper to deliver strong earnings growth for the next few years. Analyst estimate NP will have EPS growth of 58.3% in 2010 and 29.6% in 2011. The average estimate for long-term EPS growth is 12.5%.
Last Week's Growth and Income Zacks Rank Buys
The Buckle (BKE) is a Zacks #2 Rank stock. Analysts expected the company to grow its EPS at 12.0% per year for the next 3 to 5 years. It also has a current dividend yield of 2.1%. For more details, click here.
Please login to Zacks.com or register to post a comment.