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Neo Performance Materials (NEO) Set to Announce Quarterly Earnings on Thursday

Neo Performance Materials logo with Basic Materials background

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

(Get Free Report)

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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Earnings History for Neo Performance Materials (TSE:NEO)

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