Neo Performance Materials (NOPMF) to Release Earnings on Tuesday

Neo Performance Materials (OTCMKTS:NOPMF) will likely be issuing its resultson Tuesday, August 11th. Analysts expect Neo Performance Materials to post earnings of $0.50 per share and revenue of $169.14 million for the quarter.

Neo Performance Materials (OTCMKTS:NOPMF) last issued its earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.15. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. The business had revenue of $154.96 million during the quarter, compared to analysts’ expectations of $127.33 million. On average, analysts expect Neo Performance Materials to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Neo Performance Materials Stock Performance

NOPMF traded up $1.94 on Tuesday, reaching $25.46. The company had a trading volume of 2,468 shares, compared to its average volume of 37,474. The stock has a 50-day moving average price of $25.40 and a 200-day moving average price of $20.19. The company has a quick ratio of 0.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.28. Neo Performance Materials has a 1 year low of $11.10 and a 1 year high of $31.94. The stock has a market capitalization of $1.17 billion and a PE ratio of -97.92.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NOPMF shares. Zacks Research upgraded Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Neo Performance Materials Company Profile

Neo Performance Materials Inc is a global supplier of advanced materials, specializing in the production and processing of rare earth and rare metal–based functional materials. Headquartered in Toronto, Canada, the company serves diverse high-tech markets by developing proprietary compounds and alloys that deliver key performance attributes in demanding applications. Its product portfolio includes magnetic powders, rare earth oxides and metals, phosphors, metal alloys, precious metal chemical compounds, and performance catalysts.

Neo Performance Materials operates through distinct business segments focused on Rare Earth & Magnetic Solutions, Advanced Industrial Materials, and Precious Metals & Chemicals.