Neo Performance Materials (NOPMF) to Post Quarterly Earnings on Tuesday

Key Points

• Neo Performance Materials is expected to report quarterly earnings on Tuesday, August 11, with analysts forecasting $0.50 in earnings per share and $169.14 million in revenue.
• The company’s previous quarter exceeded expectations, posting $0.34 EPS versus the $0.19 consensus and revenue of $154.96 million compared with estimates of $127.33 million.
• Analyst sentiment is strongly positive, with Zacks Research upgrading the stock to “strong buy,” BMO maintaining an “outperform” rating, and MarketBeat reporting an average “Strong Buy” rating.

Neo Performance Materials (OTCMKTS:NOPMF - Get Free Report) is projected to release its resultson Tuesday, August 11th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $169.14 million for the quarter.

Neo Performance Materials (OTCMKTS:NOPMF - Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.15. The business had revenue of $154.96 million during the quarter, compared to the consensus estimate of $127.33 million. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%. On average, analysts expect Neo Performance Materials to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Neo Performance Materials Price Performance

OTCMKTS:NOPMF traded up $1.94 during trading hours on Tuesday, reaching $25.46. 2,468 shares of the company were exchanged, compared to its average volume of 37,474. The firm has a market cap of $1.17 billion and a PE ratio of -97.92. The stock's 50-day moving average is $25.40 and its 200-day moving average is $20.19. The company has a current ratio of 1.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.28. Neo Performance Materials has a twelve month low of $11.10 and a twelve month high of $31.94.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Zacks Research raised Neo Performance Materials from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 9th. BMO Capital Markets reiterated an "outperform" rating on shares of Neo Performance Materials in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, Neo Performance Materials has an average rating of "Strong Buy".

About Neo Performance Materials

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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