Key Points
- Director Rahim Suleman purchased 2,800 shares of Neo Performance Materials at an average C$36.38 per share, investing C$101,864 and increasing his ownership to 481,997 shares.
- Neo reported quarterly revenue of C$292.32 million and EPS of C$0.73, while its shares opened at C$36.74 and have traded between C$15.31 and C$47.19 over the past year.
- Analysts maintain a favorable outlook, with four Buy ratings and a consensus price target of C$56.17; the company also pays a quarterly dividend of $0.10 per share.
Neo Performance Materials Inc. (TSE:NEO - Get Free Report) Director Rahim Suleman purchased 2,800 shares of the stock in a transaction on Thursday, August 13th. The shares were bought at an average price of C$36.38 per share, for a total transaction of C$101,864.00. Following the acquisition, the director owned 481,997 shares of the company's stock, valued at approximately C$17,535,050.86. The trade was a 0.58% increase in their ownership of the stock.
Neo Performance Materials Price Performance
Shares of Neo Performance Materials stock opened at C$36.74 on Tuesday. The firm has a fifty day simple moving average of C$36.93 and a 200-day simple moving average of C$29.43. The company has a current ratio of 2.06, a quick ratio of 1.92 and a debt-to-equity ratio of 34.03. Neo Performance Materials Inc. has a 1-year low of C$15.31 and a 1-year high of C$47.19. The stock has a market capitalization of C$1.70 billion, a price-to-earnings ratio of 3,674.00 and a beta of 1.44.
Neo Performance Materials (TSE:NEO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported C$0.73 earnings per share (EPS) for the quarter. Neo Performance Materials had a net margin of 0.15% and a return on equity of 0.21%. The business had revenue of C$292.32 million during the quarter. On average, sell-side analysts expect that Neo Performance Materials Inc. will post 0.6753356 earnings per share for the current year.
Neo Performance Materials Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, June 19th. Neo Performance Materials's dividend payout ratio is 2,870.19%.
Analysts Set New Price Targets
NEO has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price objective on Neo Performance Materials from C$43.00 to C$60.00 in a research note on Monday, July 13th. Stifel Nicolaus increased their target price on Neo Performance Materials from C$49.00 to C$55.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Finally, ATB Cormark Capital Markets lifted their price target on Neo Performance Materials from C$43.00 to C$53.50 and gave the stock an "outperform" rating in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Neo Performance Materials presently has an average rating of "Buy" and a consensus price target of C$56.17.
Get Our Latest Research Report on Neo Performance Materials
Neo Performance Materials Company Profile
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Get Free Report)
Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo's advanced industrial materials - magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys - are critical to the performance of many everyday products and emerging technologies. Neo's products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals.
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