Neo Performance Materials (NOPMF) Expected to Announce Earnings on Tuesday

Key Points

• Neo Performance Materials will report results before the market opens on May 12; analysts expect earnings of $0.19 per share and revenue of $127.33 million for the quarter.
• Shares jumped 4.9% to $20.65 on light volume (321 shares vs. a 23,649 average), giving the company a market cap of about $866 million and a negative P/E of around -79.4.
• BMO Capital Markets initiated coverage with an "outperform" rating and MarketBeat shows a consensus of Moderate Buy (one Buy, one Hold).

Neo Performance Materials (OTCMKTS:NOPMF - Get Free Report) is expected to be releasing its results before the market opens on Tuesday, May 12th. Analysts expect Neo Performance Materials to post earnings of $0.19 per share and revenue of $127.33 million for the quarter.

Neo Performance Materials Stock Up 4.9%

OTCMKTS NOPMF traded up $0.96 on Tuesday, reaching $20.65. The company had a trading volume of 321 shares, compared to its average volume of 23,649. The firm has a market capitalization of $866.06 million and a price-to-earnings ratio of -79.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 2.24. Neo Performance Materials has a 1-year low of $6.60 and a 1-year high of $21.53. The company's fifty day moving average is $17.46 and its 200-day moving average is $14.61.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets began coverage on shares of Neo Performance Materials in a research note on Friday, February 20th. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

Neo Performance Materials Company Profile

Neo Performance Materials Inc is a global supplier of advanced materials, specializing in the production and processing of rare earth and rare metal–based functional materials. Headquartered in Toronto, Canada, the company serves diverse high-tech markets by developing proprietary compounds and alloys that deliver key performance attributes in demanding applications. Its product portfolio includes magnetic powders, rare earth oxides and metals, phosphors, metal alloys, precious metal chemical compounds, and performance catalysts.

Neo Performance Materials operates through distinct business segments focused on Rare Earth & Magnetic Solutions, Advanced Industrial Materials, and Precious Metals & Chemicals.

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