Q2 2022 EPS Estimates for Neo Performance Materials Inc. (TSE:NEO) Lifted by Cormark

Neo Performance Materials Inc. (TSE:NEO – Get Rating) – Cormark lifted their Q2 2022 EPS estimates for shares of Neo Performance Materials in a research note issued on Monday, May 16th. Cormark analyst D. Ocampo now forecasts that the company will post earnings of $0.44 per share for the quarter, up from their prior estimate of $0.43. Cormark also issued estimates for Neo Performance Materials’ Q3 2022 earnings at $0.40 EPS, Q4 2022 earnings at $0.40 EPS, Q1 2023 earnings at $0.43 EPS, Q3 2023 earnings at $0.43 EPS and FY2023 earnings at $1.69 EPS.

A number of other equities analysts have also issued reports on NEO. Raymond James decreased their target price on shares of Neo Performance Materials from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research report on Monday, March 14th. Scotiabank lowered their price objective on shares of Neo Performance Materials from C$27.00 to C$25.00 in a research note on Monday.

TSE:NEO opened at C$13.80 on Wednesday. The stock has a market cap of C$561.23 million and a price-to-earnings ratio of 11.66. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.19 and a current ratio of 2.88. Neo Performance Materials has a 1 year low of C$10.48 and a 1 year high of C$22.85. The business has a fifty day moving average of C$14.47 and a 200-day moving average of C$17.22.

Neo Performance Materials (TSE:NEO – Get Rating) last issued its quarterly earnings data on Thursday, March 10th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.31 by C$0.18. The business had revenue of C$193.42 million for the quarter, compared to analyst estimates of C$163.77 million.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 28th. Investors of record on Monday, June 20th will be issued a $0.10 dividend. The ex-dividend date is Friday, June 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.90%. Neo Performance Materials’s payout ratio is currently 26.75%.

About Neo Performance Materials (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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