Neo Performance Materials (TSE:NEO - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect Neo Performance Materials to post earnings of C$0.14 per share for the quarter.
Neo Performance Materials (TSE:NEO - Get Free Report) last announced its earnings results on Friday, August 9th. The company reported C$0.16 EPS for the quarter, topping the consensus estimate of C$0.05 by C$0.11. The firm had revenue of C$147.15 million for the quarter, compared to the consensus estimate of C$169.30 million. Neo Performance Materials had a return on equity of 0.85% and a net margin of 0.69%.
Neo Performance Materials Trading Up 0.7 %
Shares of TSE:NEO traded up C$0.06 during mid-day trading on Thursday, hitting C$8.09. The company had a trading volume of 71,944 shares, compared to its average volume of 73,714. The company has a debt-to-equity ratio of 13.02, a current ratio of 3.31 and a quick ratio of 1.92. The firm has a fifty day moving average price of C$8.04 and a 200 day moving average price of C$7.55. The company has a market capitalization of C$337.76 million, a PE ratio of 89.22 and a beta of 1.38. Neo Performance Materials has a one year low of C$5.50 and a one year high of C$8.69.
Neo Performance Materials Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.94%. Neo Performance Materials's dividend payout ratio is presently 444.44%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Canaccord Genuity Group upped their price objective on shares of Neo Performance Materials from C$11.00 to C$12.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. Stifel Nicolaus upped their target price on shares of Neo Performance Materials from C$14.50 to C$15.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Finally, Cormark raised their price objective on Neo Performance Materials from C$12.00 to C$12.50 in a report on Wednesday, August 21st.
Get Our Latest Stock Analysis on NEO
About Neo Performance Materials
(
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Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.
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