FY2025 EPS Estimates for TSE:NEO Cut by Stifel Canada

Key Points

• Stifel Canada has reduced their FY2025 earnings per share estimate for Neo Performance Materials Inc. from $0.90 to $0.89, while the consensus estimate is $0.68 per share.
• In a separate report, Stifel Nicolaus raised the target price for the stock from C$17.50 to C$22.00, maintaining a "buy" rating.
• Neo Performance Materials recently declared a quarterly dividend of $0.10, resulting in an annualized dividend yield of 2.3%, despite a negative dividend payout ratio of -525.33%.

Neo Performance Materials Inc. (TSE:NEO - Free Report) - Stock analysts at Stifel Canada cut their FY2025 earnings per share estimates for Neo Performance Materials in a report released on Tuesday, August 12th. Stifel Canada analyst I. Gillies now forecasts that the company will post earnings of $0.89 per share for the year, down from their prior estimate of $0.90. The consensus estimate for Neo Performance Materials' current full-year earnings is $0.68 per share. Stifel Canada also issued estimates for Neo Performance Materials' FY2026 earnings at $1.00 EPS.

Separately, Stifel Nicolaus boosted their target price on Neo Performance Materials from C$17.50 to C$22.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th.

Neo Performance Materials Trading Up 4.4%

Shares of TSE NEO traded up C$0.75 during trading on Friday, reaching C$17.78. The stock had a trading volume of 259,664 shares, compared to its average volume of 157,162. Neo Performance Materials has a fifty-two week low of C$7.18 and a fifty-two week high of C$18.26. The company has a debt-to-equity ratio of 10.65, a quick ratio of 1.92 and a current ratio of 2.59. The business's 50-day moving average price is C$15.19 and its 200-day moving average price is C$11.36. The company has a market cap of C$520.37 million, a P/E ratio of -233.51 and a beta of 1.38.

Neo Performance Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 27th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, June 17th. Neo Performance Materials's payout ratio is presently -525.33%.

Insider Buying and Selling

In related news, Director Rahim Suleman bought 5,100 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average cost of C$9.87 per share, with a total value of C$50,344.14. 22.38% of the stock is owned by insiders.

About Neo Performance Materials

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.