Q3 2024 Earnings Forecast for Neo Performance Materials Inc. (TSE:NEO) Issued By Stifel Canada

Neo Performance Materials Inc. (TSE:NEO) – Stifel Canada raised their Q3 2024 EPS estimates for Neo Performance Materials in a report issued on Sunday, August 11th. Stifel Canada analyst I. Gillies now expects that the company will post earnings per share of $0.12 for the quarter, up from their prior estimate of $0.11. The consensus estimate for Neo Performance Materials’ current full-year earnings is $0.38 per share. Stifel Canada also issued estimates for Neo Performance Materials’ Q4 2024 earnings at $0.18 EPS, FY2024 earnings at $0.48 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.21 EPS and FY2025 earnings at $0.74 EPS.

Several other equities research analysts have also recently issued reports on the company. Canaccord Genuity Group boosted their price target on Neo Performance Materials from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Tuesday. Stifel Nicolaus upgraded Neo Performance Materials from a “hold” rating to a “buy” rating and upped their target price for the company from C$7.50 to C$13.00 in a research report on Wednesday, June 19th.

Neo Performance Materials Stock Performance

Shares of TSE:NEO opened at C$7.52 on Wednesday. Neo Performance Materials has a 12-month low of C$5.50 and a 12-month high of C$9.50. The company’s 50 day moving average price is C$7.87 and its two-hundred day moving average price is C$7.05. The firm has a market cap of C$313.96 million, a PE ratio of -28.92 and a beta of 1.44. The company has a quick ratio of 1.92, a current ratio of 3.08 and a debt-to-equity ratio of 6.76.

Insiders Place Their Bets

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

Neo Performance Materials Announces Dividend

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

Neo Performance Materials Company Profile

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.