Neo Performance Materials (NEO) to Release Quarterly Earnings on Thursday

Neo Performance Materials (TSE:NEO) is set to announce its earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of C$0.14 per share for the quarter.

Neo Performance Materials Stock Up 0.5 %

NEO stock opened at C$8.00 on Wednesday. The company has a debt-to-equity ratio of 13.02, a current ratio of 3.31 and a quick ratio of 1.92. The firm has a market cap of C$334 million, a PE ratio of 88.89 and a beta of 1.38. Neo Performance Materials has a 12 month low of C$5.50 and a 12 month high of C$8.69. The firm has a 50 day simple moving average of C$8.03 and a 200 day simple moving average of C$7.59.

Neo Performance Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend was Tuesday, September 17th. Neo Performance Materials’s dividend payout ratio is presently 444.44%.

Wall Street Analyst Weigh In

NEO has been the subject of several analyst reports. Cormark upped their target price on Neo Performance Materials from C$12.00 to C$12.50 in a report on Wednesday, August 21st. Stifel Nicolaus upped their price objective on shares of Neo Performance Materials from C$14.50 to C$15.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group lifted their target price on shares of Neo Performance Materials from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th.

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; and bonded magnets.