Neogen Corporation (NASDAQ:NEOG) Earns News Impact Rating of 0.14
Press coverage about Neogen Corporation (NASDAQ:NEOG) has been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Neogen Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.0927429884482 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Agricultural Disinfectant Market Research 2017; Regional Industry Segment by Production, Consumption, Revenue and Growth Rate (gmoutlook.com)
- Global meat speciation testing industry report with analysis examined in new market research report (whatech.com)
- NVidia Earnings Beat Not Nearly Enough For Investors (trikkles.com)
- Neogen Corporation (NEOG) Stake Decreased by Stephens Investment Management Group LLC (highlightpress.com)
- See what the IHS Markit Score report has to say about Neogen Corp. (finance.yahoo.com)
Neogen Corporation (NEOG) traded down 0.56% during midday trading on Friday, reaching $66.95. The company’s stock had a trading volume of 124,918 shares. Neogen Corporation has a 12-month low of $50.53 and a 12-month high of $69.97. The company’s 50-day moving average is $67.21 and its 200 day moving average is $64.95. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 58.73 and a beta of 1.52.
Neogen Corporation (NASDAQ:NEOG) last released its earnings results on Tuesday, July 18th. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $98.80 million for the quarter, compared to analysts’ expectations of $100.80 million. Neogen Corporation had a return on equity of 9.87% and a net margin of 12.11%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Equities analysts forecast that Neogen Corporation will post $1.30 earnings per share for the current year.
Several equities research analysts have weighed in on NEOG shares. Zacks Investment Research upgraded Neogen Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. CL King started coverage on Neogen Corporation in a report on Friday, July 14th. They issued a “neutral” rating for the company. Finally, BidaskClub cut Neogen Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th.
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In related news, VP Edward Bradley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $68.72, for a total value of $343,600.00. Following the completion of the sale, the vice president now owns 91,512 shares in the company, valued at $6,288,704.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Steven J. Quinlan sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $68.68, for a total value of $274,720.00. Following the completion of the sale, the vice president now owns 14,103 shares of the company’s stock, valued at approximately $968,594.04. The disclosure for this sale can be found here. Insiders sold 23,333 shares of company stock valued at $1,553,387 in the last quarter. 4.70% of the stock is owned by company insiders.
About Neogen Corporation
Neogen Corporation develops, manufactures and markets a range of products and services dedicated to food and animal safety. The Company operates through two segments: Food Safety and Animal Safety. The Food Safety segment produces and markets diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation.
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