FY2025 Earnings Forecast for TSE:NEO Issued By Stifel Canada

Neo Performance Materials Inc. (TSE:NEO) – Stifel Canada cut their FY2025 earnings estimates for shares of Neo Performance Materials in a research note issued on Sunday, November 16th. Stifel Canada analyst I. Gillies now expects that the company will post earnings of $0.85 per share for the year, down from their previous forecast of $0.86. The consensus estimate for Neo Performance Materials’ current full-year earnings is $0.68 per share. Stifel Canada also issued estimates for Neo Performance Materials’ FY2027 earnings at $1.13 EPS.

Several other research analysts also recently weighed in on the stock. Cormark upgraded shares of Neo Performance Materials to a “moderate buy” rating in a research report on Wednesday, September 10th. Stifel Nicolaus boosted their price objective on Neo Performance Materials from C$22.00 to C$25.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$25.00.

Neo Performance Materials Stock Down 1.2%

NEO stock opened at C$16.53 on Tuesday. Neo Performance Materials has a one year low of C$7.18 and a one year high of C$23.60. The company has a debt-to-equity ratio of 10.65, a quick ratio of 1.92 and a current ratio of 2.59. The firm’s fifty day moving average is C$19.02 and its 200 day moving average is C$15.86. The firm has a market cap of C$687.63 million, a PE ratio of -66.12 and a beta of 0.91.

Neo Performance Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 26th were issued a $0.10 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.4%. Neo Performance Materials’s dividend payout ratio is presently -114.66%.

Insiders Place Their Bets

In other Neo Performance Materials news, insider Wyloo Consolidated Investments Pty Ltd. sold 8,275,311 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of C$20.00, for a total value of C$165,506,220.00. 22.38% of the stock is owned by company insiders.

About Neo Performance Materials

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.