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

Key Points

• Neo Performance Materials is expected to report earnings before the market opens on Tuesday, November 10. Analysts project quarterly EPS of $0.42 and revenue of $175.44 million.
• In its previous quarter, the company exceeded expectations, reporting $0.51 EPS versus the $0.50 consensus and revenue of $205.75 million versus $169.14 million expected.
• Analyst sentiment remains positive, with a consensus “Buy” rating, while the stock recently traded at $18.32—up 3.1%—but below its 50-day and 200-day moving averages.

Neo Performance Materials (OTCMKTS:NOPMF - Get Free Report) is expected to be releasing its results before the market opens on Tuesday, November 10th. Analysts expect Neo Performance Materials to announce earnings of $0.42 per share and revenue of $175.44 million for the quarter.

Neo Performance Materials (OTCMKTS:NOPMF - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The company had revenue of $205.75 million for the quarter, compared to analysts' expectations of $169.14 million. Neo Performance Materials had a return on equity of 11.52% and a net margin of 0.26%. During the same period last year, the business earned $0.13 EPS. On average, analysts expect Neo Performance Materials to post $1.11 EPS for the current fiscal year and $1.41 EPS for the next fiscal year.

Neo Performance Materials Stock Up 3.1%

NOPMF stock traded up $0.56 during midday trading on Tuesday, reaching $18.32. 3,332 shares of the company's stock traded hands, compared to its average volume of 41,309. The company has a quick ratio of 1.00, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The firm's fifty day moving average price is $21.03 and its 200-day moving average price is $20.90. Neo Performance Materials has a 52 week low of $11.10 and a 52 week high of $34.99. The company has a market cap of $841.57 million and a price-to-earnings ratio of -1,831.90.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NOPMF shares. Jefferies Financial Group raised shares of Neo Performance Materials to a "strong-buy" rating in a research report on Friday, September 25th. B. Riley Financial assumed coverage on Neo Performance Materials in a report on Wednesday, September 2nd. They issued a "buy" rating on the stock. BMO Capital Markets reaffirmed an "outperform" rating on shares of Neo Performance Materials in a research report on Monday, July 13th. Finally, Zacks Research downgraded Neo Performance Materials from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Neo Performance Materials currently has a consensus rating of "Buy".

Neo Performance Materials Company Profile

Neo Performance Materials Inc OTCMKTS: NOPMF is a Canada-based advanced materials company that produces specialty materials derived primarily from rare earth elements and other critical metals. Its products are used in applications including automotive systems, consumer electronics, industrial equipment, renewable energy technologies and other high-performance products.

The company operates through businesses focused on permanent-magnet materials, rare earth chemicals and oxides, and specialty metals and powders.

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