Sidoti Has Optimistic Outlook of TSE:NEO Q4 Earnings

Neo Performance Materials Inc. (TSE:NEO) – Stock analysts at Sidoti upped their Q4 2027 earnings per share estimates for shares of Neo Performance Materials in a note issued to investors on Tuesday, July 14th. Sidoti analyst D. Harriman now expects that the company will post earnings per share of $0.54 for the quarter, up from their prior estimate of $0.41. The consensus estimate for Neo Performance Materials’ current full-year earnings is $0.68 per share.

Neo Performance Materials (TSE:NEO) last released its earnings results on Tuesday, May 12th. The company reported C$0.47 earnings per share for the quarter. The company had revenue of C$215.44 million during the quarter. Neo Performance Materials had a negative return on equity of 2.63% and a negative net margin of 2.03%.

A number of other equities research analysts have also weighed in on NEO. Stifel Nicolaus boosted their price objective on shares of Neo Performance Materials from C$26.00 to C$38.00 in a report on Wednesday, May 13th. ATB Cormark Capital Markets lifted their target price on shares of Neo Performance Materials from C$43.00 to C$53.50 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Finally, BMO Capital Markets lifted their target price on shares of Neo Performance Materials from C$43.00 to C$60.00 in a research report on Monday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$50.50.

Neo Performance Materials Stock Up 5.5%

Shares of TSE NEO opened at C$44.12 on Wednesday. The stock has a market capitalization of C$2.03 billion, a P/E ratio of -183.83 and a beta of 1.44. Neo Performance Materials has a one year low of C$15.23 and a one year high of C$44.96. The firm’s 50 day simple moving average is C$33.99 and its two-hundred day simple moving average is C$26.09. The company has a debt-to-equity ratio of 41.75, a current ratio of 1.76 and a quick ratio of 1.92.

Neo Performance Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, June 19th. Neo Performance Materials’s payout ratio is -120.72%.

About Neo Performance Materials

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals.