Neo Performance Materials (OTCMKTS:NOPMF) Releases Earnings Results, Beats Expectations By $0.01 EPS

Neo Performance Materials (OTCMKTS:NOPMF) posted its earnings results on Tuesday. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01, Zacks reports. Neo Performance Materials had a return on equity of 12.14% and a net margin of 0.26%.The firm had revenue of $205.75 million for the quarter, compared to analysts’ expectations of $169.14 million. During the same period last year, the firm earned $0.13 EPS.

Neo Performance Materials Trading Down 6.9%

NOPMF opened at $26.37 on Thursday. The firm has a market capitalization of $1.21 billion and a price-to-earnings ratio of -2,637.35. The company’s 50 day simple moving average is $26.01 and its two-hundred day simple moving average is $20.91. Neo Performance Materials has a 1-year low of $11.10 and a 1-year high of $34.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.76 and a quick ratio of 0.76.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NOPMF shares. BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. Zacks Research upgraded shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

About Neo Performance Materials

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.