Q4 2024 Earnings Estimate for Neo Performance Materials Inc. (TSE:NEO) Issued By Raymond James

Neo Performance Materials Inc. (TSE:NEO) – Research analysts at Raymond James lifted their Q4 2024 earnings estimates for shares of Neo Performance Materials in a note issued to investors on Tuesday, November 14th. Raymond James analyst F. Bastien now forecasts that the company will post earnings of $0.26 per share for the quarter, up from their prior estimate of $0.25. The consensus estimate for Neo Performance Materials’ current full-year earnings is $0.63 per share.

Several other research analysts have also recently commented on NEO. Canaccord Genuity Group reduced their price target on Neo Performance Materials from C$13.00 to C$11.00 and set a “buy” rating for the company in a research report on Tuesday. Stifel Nicolaus reduced their price target on Neo Performance Materials from C$9.50 to C$9.00 and set a “hold” rating for the company in a research note on Tuesday.

Neo Performance Materials Trading Up 1.3 %

Shares of TSE:NEO opened at C$6.88 on Friday. Neo Performance Materials has a 12 month low of C$6.70 and a 12 month high of C$12.15. The company has a quick ratio of 1.92, a current ratio of 3.33 and a debt-to-equity ratio of 6.88. The company’s fifty day simple moving average is C$7.54 and its 200 day simple moving average is C$8.21. The firm has a market cap of C$291.85 million, a price-to-earnings ratio of -14.33 and a beta of 1.40.

Neo Performance Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Monday, December 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.40 annualized dividend and a yield of 5.81%. Neo Performance Materials’s dividend payout ratio is presently -83.33%.

Insider Buying and Selling at Neo Performance Materials

In other Neo Performance Materials news, Director Rahim Suleman purchased 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were bought at an average price of C$6.89 per share, for a total transaction of C$103,350.00. In other news, Senior Officer Jonathan Baksh purchased 10,825 shares of the stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of C$6.91 per share, for a total transaction of C$74,807.25. Also, Director Rahim Suleman acquired 15,000 shares of Neo Performance Materials stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average cost of C$6.89 per share, for a total transaction of C$103,350.00. Insiders own 20.04% of the company’s stock.

Neo Performance Materials Company Profile

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.