FY2025 Earnings Forecast for TSE:NEO Issued By Stifel Canada

Neo Performance Materials Inc. (TSE:NEO) – Investment analysts at Stifel Canada dropped their FY2025 earnings per share estimates for shares of Neo Performance Materials in a research report issued to clients and investors on Sunday, September 21st. Stifel Canada analyst I. Gillies now anticipates that the company will post earnings per share of $0.86 for the year, down from their previous forecast of $0.89. The consensus estimate for Neo Performance Materials’ current full-year earnings is $0.68 per share.

Several other research firms have also issued reports on NEO. Stifel Nicolaus raised their price target on Neo Performance Materials from C$17.50 to C$22.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Cormark upgraded Neo Performance Materials to a “moderate buy” rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$22.00.

Neo Performance Materials Stock Up 0.9%

TSE:NEO opened at C$19.84 on Tuesday. Neo Performance Materials has a 12-month low of C$7.18 and a 12-month high of C$20.07. The company has a quick ratio of 1.92, a current ratio of 2.59 and a debt-to-equity ratio of 10.65. The firm has a market capitalization of C$825.32 million, a P/E ratio of -79.36 and a beta of 1.16. The stock’s fifty day simple moving average is C$16.97 and its 200-day simple moving average is C$12.94.

Neo Performance Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 26th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, September 16th. Neo Performance Materials’s dividend payout ratio is presently -114.66%.

Neo Performance Materials Company Profile

Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets.