Neenah Paper (NYSE: NP ) reported earnings on May 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Neenah Paper beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share dropped. GAAP earnings per share grew significantly.
Gross margins dropped, operating margins dropped, net margins increased.
Neenah Paper recorded revenue of $213.2 million. The three analysts polled by S&P Capital IQ wanted to see sales of $207.6 million on the same basis. GAAP reported sales were 7.6% higher than the prior-year quarter's $198.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.74. The four earnings estimates compiled by S&P Capital IQ predicted $0.71 per share. Non-GAAP EPS of $0.74 for Q1 were 3.9% lower than the prior-year quarter's $0.77 per share. GAAP EPS of $0.89 for Q1 were 65% higher than the prior-year quarter's $0.54 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 20.4%, 70 basis points worse than the prior-year quarter. Operating margin was 10.5%, 70 basis points worse than the prior-year quarter. Net margin was 6.9%, 240 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $221.4 million. On the bottom line, the average EPS estimate is $0.82.
Next year's average estimate for revenue is $843.5 million. The average EPS estimate is $2.79.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 109 members out of 122 rating the stock outperform, and 13 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Neenah Paper a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Neenah Paper is outperform, with an average price target of $35.00.
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