Brokers Issue Forecasts for TSE:NEO FY2025 Earnings

Key Points

• Cormark analysts predict that Neo Performance Materials will earn $0.32 per share in FY2025, significantly lower than the current consensus estimate of $0.68 per share.
• Stifel Nicolaus has raised its price target for Neo Performance Materials from C$17.50 to C$22.00, maintaining a "buy" rating on the stock.
• The company recently paid a quarterly dividend of $0.10, resulting in an annualized yield of 2.4%, although its dividend payout ratio stands at -114.66%.

Neo Performance Materials Inc. (TSE:NEO - Free Report) - Investment analysts at Cormark issued their FY2025 earnings per share (EPS) estimates for shares of Neo Performance Materials in a research report issued to clients and investors on Wednesday, September 10th. Cormark analyst N. Boychuk anticipates that the company will post earnings per share of $0.32 for the year. Cormark currently has a "Moderate Buy" rating on the stock. The consensus estimate for Neo Performance Materials' current full-year earnings is $0.68 per share. Cormark also issued estimates for Neo Performance Materials' FY2026 earnings at $0.75 EPS and FY2027 earnings at $1.02 EPS.

Separately, Stifel Nicolaus lifted their price objective on Neo Performance Materials from C$17.50 to C$22.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$22.00.

Neo Performance Materials Stock Down 0.9%

Shares of NEO traded down C$0.15 during mid-day trading on Friday, reaching C$16.69. 54,991 shares of the stock traded hands, compared to its average volume of 158,852. Neo Performance Materials has a 12-month low of C$7.18 and a 12-month high of C$18.26. The firm has a market cap of C$694.29 million, a price-to-earnings ratio of -66.76 and a beta of 1.16. The company has a quick ratio of 1.92, a current ratio of 2.59 and a debt-to-equity ratio of 10.65. The stock has a fifty day simple moving average of C$16.73 and a 200 day simple moving average of C$12.58.

Neo Performance Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 26th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, September 16th. Neo Performance Materials's payout ratio is -114.66%.

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.