Neo Performance Materials (NEO) to Release Quarterly Earnings on Thursday

Neo Performance Materials (TSE:NEO) is set to announce its earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of C$0.14 per share for the quarter.

Neo Performance Materials (TSE:NEO) last posted its earnings results on Friday, August 9th. The company reported C$0.16 earnings per share for the quarter, beating the consensus estimate of C$0.05 by C$0.11. Neo Performance Materials had a net margin of 0.69% and a return on equity of 0.85%. The firm had revenue of C$147.15 million during the quarter, compared to analyst estimates of C$169.30 million.

Neo Performance Materials Stock Performance

Shares of TSE NEO opened at C$8.03 on Thursday. The company has a market capitalization of C$335.25 million, a PE ratio of 89.22 and a beta of 1.38. The company has a debt-to-equity ratio of 13.02, a quick ratio of 1.92 and a current ratio of 3.31. The company’s fifty day moving average price is C$8.04 and its 200 day moving average price is C$7.53. Neo Performance Materials has a 1 year low of C$5.50 and a 1 year high of C$8.69.

Neo Performance Materials Announces Dividend

The firm also recently announced 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend was Tuesday, September 17th. Neo Performance Materials’s dividend payout ratio (DPR) is presently 444.44%.

Analyst Ratings Changes

NEO has been the topic of a number of recent analyst reports. Canaccord Genuity Group increased their price target on Neo Performance Materials from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Cormark increased their target price on Neo Performance Materials from C$12.00 to C$12.50 in a research report on Wednesday, August 21st. Finally, Stifel Nicolaus boosted their price target on shares of Neo Performance Materials from C$14.50 to C$15.00 and gave the stock a “buy” rating in a report on Thursday, October 17th.

About Neo Performance Materials

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.