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

Neo Performance Materials (TSE:NEOGet Free Report) is scheduled 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 %

Shares of NEO stock opened at C$8.00 on Wednesday. The stock’s 50 day simple moving average is C$8.03 and its 200 day simple moving average is C$7.59. Neo Performance Materials has a twelve month low of C$5.50 and a twelve month high of C$8.69. The company has a debt-to-equity ratio of 13.02, a quick ratio of 1.92 and a current ratio of 3.31. The company has a market capitalization of C$334 million, a price-to-earnings ratio of 88.89 and a beta of 1.38.

Neo Performance Materials Dividend Announcement

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

Analyst Ratings Changes

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

Check Out Our Latest Report on Neo Performance Materials

Neo Performance Materials Company Profile

(Get Free Report)

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.

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Earnings History for Neo Performance Materials (TSE:NEO)

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