Neo Performance Materials (TSE:NEO) Releases Earnings Results

Neo Performance Materials (TSE:NEO) released its quarterly earnings results on Thursday. The company reported C$0.01 EPS for the quarter, FiscalAI reports. Neo Performance Materials had a negative return on equity of 1.59% and a negative net margin of 1.30%.The company had revenue of C$157.96 million for the quarter.

Neo Performance Materials Price Performance

Shares of Neo Performance Materials stock opened at C$23.84 on Thursday. The company has a current ratio of 2.24, a quick ratio of 1.92 and a debt-to-equity ratio of 22.00. Neo Performance Materials has a 1 year low of C$7.41 and a 1 year high of C$29.57. The stock has a 50-day moving average price of C$22.04 and a 200 day moving average price of C$19.32. The company has a market cap of C$991.72 million, a P/E ratio of -149.00 and a beta of 1.25.

Neo Performance Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, December 19th. Neo Performance Materials’s dividend payout ratio (DPR) is presently -177.80%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NEO. BMO Capital Markets set a C$30.00 price objective on shares of Neo Performance Materials and gave the company an “outperform” rating in a research report on Friday, February 20th. Stifel Nicolaus raised their price target on shares of Neo Performance Materials from C$22.50 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$26.50.

Neo Performance Materials Company Profile

Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets. The Chemicals & Oxides segment manufactures and distributes a broad range of advanced industrial materials. The Rare Metals segment produces specialty metals and their compounds, such as tantalum, niobium, hafnium, rhenium, gallium, and indium.