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

Posted by Defense World Staff on Nov 3rd, 2023

Neo Performance Materials (TSE:NEO – Get Free Report) is set to announce its earnings results before the market opens on Friday, November 10th. Analysts expect the company to announce earnings of C$0.14 per share for the quarter.

Neo Performance Materials (TSE:NEO – Get Free Report) last announced its quarterly earnings data on Friday, August 11th. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$228.93 million during the quarter, compared to the consensus estimate of C$162.67 million. Neo Performance Materials had a negative return on equity of 4.72% and a negative net margin of 3.46%.

Neo Performance Materials Trading Up 2.3 %

Shares of TSE:NEO opened at C$6.98 on Friday. The stock has a 50 day moving average of C$7.99 and a 200 day moving average of C$8.37. The company has a market cap of C$310.89 million, a PE ratio of -9.97 and a beta of 1.38. The company has a current ratio of 3.61, a quick ratio of 1.92 and a debt-to-equity ratio of 7.00. Neo Performance Materials has a 12-month low of C$6.70 and a 12-month high of C$12.15.

Neo Performance Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.73%. Neo Performance Materials’s dividend payout ratio (DPR) is presently -57.14%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus boosted their price objective on Neo Performance Materials from C$8.00 to C$9.50 and gave the company a “hold” rating in a research note on Friday, August 18th.

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Neo Performance Materials Company Profile

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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.