FY2025 EPS Estimates for TSE:NEO Reduced by Stifel Canada

Key Points

• Stifel Canada has reduced its FY2025 earnings per share estimate for Neo Performance Materials from $0.89 to $0.86, while the consensus estimate stands at $0.68 per share.
• The company declared a quarterly dividend of $0.10 per share, representing an annualized yield of 2.0%, with the payment scheduled for September 26th.
• Shares of Neo Performance Materials opened at C$19.66 on Tuesday, showing an impressive 6.6% increase in trading.

Neo Performance Materials Inc. (TSE:NEO - Free Report) - Equities research analysts at Stifel Canada lowered their FY2025 earnings per share estimates for shares of Neo Performance Materials in a research note issued to investors on Sunday, September 21st. Stifel Canada analyst I. Gillies now expects that the company will post earnings per share of $0.86 for the year, down from their prior estimate of $0.89. The consensus estimate for Neo Performance Materials' current full-year earnings is $0.68 per share.

A number of other equities research analysts also recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Neo Performance Materials from C$17.50 to C$22.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Cormark upgraded shares of Neo Performance Materials to a "moderate buy" rating in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Neo Performance Materials has an average rating of "Buy" and a consensus target price of C$22.00.

Neo Performance Materials Trading Up 6.6%

TSE NEO opened at C$19.66 on Tuesday. The company has a market cap of C$817.84 million, a P/E ratio of -78.64 and a beta of 1.16. Neo Performance Materials has a 12 month low of C$7.18 and a 12 month high of C$20.00. The company has a debt-to-equity ratio of 10.65, a current ratio of 2.59 and a quick ratio of 1.92. The company has a 50-day moving average of C$16.90 and a 200-day moving average of C$12.90.

Neo Performance Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 26th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend 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.

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