Q3 2024 EPS Estimates for Neo Performance Materials Inc. Reduced by Analyst (TSE:NEO)

Neo Performance Materials Inc. (TSE:NEO) – Raymond James lowered their Q3 2024 EPS estimates for Neo Performance Materials in a note issued to investors on Sunday, August 11th. Raymond James analyst F. Bastien now anticipates that the company will post earnings per share of $0.14 for the quarter, down from their prior forecast of $0.16. The consensus estimate for Neo Performance Materials’ current full-year earnings is $0.38 per share. Raymond James also issued estimates for Neo Performance Materials’ Q4 2024 earnings at $0.15 EPS, FY2024 earnings at $0.48 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $0.69 EPS.

A number of other research firms have also recently weighed in on NEO. Canaccord Genuity Group upped their price objective on shares of Neo Performance Materials from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus raised Neo Performance Materials from a “hold” rating to a “buy” rating and increased their price target for the company from C$7.50 to C$13.00 in a report on Wednesday, June 19th.

Neo Performance Materials Price Performance

NEO opened at C$7.52 on Wednesday. Neo Performance Materials has a twelve month low of C$5.50 and a twelve month high of C$9.50. The firm has a market cap of C$313.96 million, a price-to-earnings ratio of -28.92 and a beta of 1.44. The company has a current ratio of 3.08, a quick ratio of 1.92 and a debt-to-equity ratio of 6.76. The company has a fifty day simple moving average of C$7.87 and a 200 day simple moving average of C$7.05.

Insider Transactions at Neo Performance Materials

In related news, Director Yadin Rozov purchased 8,900 shares of Neo Performance Materials stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of C$6.70 per share, with a total value of C$59,630.00. Insiders own 21.76% of the company’s stock.

Neo Performance Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 5.32%. The ex-dividend date is Tuesday, September 17th. Neo Performance Materials’s dividend payout ratio is currently -153.85%.

About Neo Performance Materials

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.