Brokers

Cormark Brokers Increase Earnings Estimates for Neo Performance Materials Inc. (TSE:NEO)


Neo Performance Materials Inc. (TSE:NEOGet Rating) – Analysts at Cormark raised their FY2022 earnings estimates for Neo Performance Materials in a research note issued to investors on Monday, May 16th. Cormark analyst D. Ocampo now forecasts that the company will earn $1.99 per share for the year, up from their previous estimate of $1.59.

NEO has been the subject of several other reports. Raymond James dropped their target price on Neo Performance Materials from C$27.00 to C$25.00 and set an “outperform” rating for the company in a report on Monday, March 14th. Scotiabank decreased their target price on shares of Neo Performance Materials from C$27.00 to C$25.00 in a research report on Monday.

Shares of Neo Performance Materials stock opened at C$13.11 on Thursday. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.88 and a quick ratio of 1.19. The stock’s 50 day simple moving average is C$14.39 and its 200-day simple moving average is C$17.20. The stock has a market cap of C$533.17 million and a P/E ratio of 11.07. Neo Performance Materials has a 1-year low of C$10.48 and a 1-year high of C$22.85.

Neo Performance Materials (TSE:NEOGet Rating) last released its earnings results on Friday, May 13th. The company reported C$0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.31. The business had revenue of C$210.63 million for the quarter, compared to analysts’ expectations of C$212.81 million.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 28th. Shareholders of record on Monday, June 20th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 17th. This represents a $0.40 annualized dividend and a yield of 3.05%. Neo Performance Materials’s dividend payout ratio (DPR) is 26.75%.

Neo Performance Materials Company Profile (Get Rating)

Neo Performance Materials Inc manufactures and sells 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.

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Earnings History and Estimates for Neo Performance Materials (TSE:NEO)



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