Cormark Has Pessimistic Outlook of TSE:NEO FY2025 Earnings

Neo Performance Materials Inc. (TSE:NEO) – Equities researchers at Cormark cut their FY2025 earnings per share (EPS) estimates for shares of Neo Performance Materials in a research note issued to investors on Monday, November 17th. Cormark analyst N. Boychuk now forecasts that the company will post earnings of $0.22 per share for the year, down from their previous forecast of $0.32. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for Neo Performance Materials’ current full-year earnings is $0.68 per share. Cormark also issued estimates for Neo Performance Materials’ FY2026 earnings at $0.80 EPS and FY2027 earnings at $1.05 EPS.

Separately, Stifel Nicolaus lifted their price target on shares of Neo Performance Materials from C$22.00 to C$25.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$25.00.

Neo Performance Materials Stock Performance

TSE:NEO opened at C$16.53 on Wednesday. The company’s 50-day moving average is C$19.02 and its two-hundred day moving average is C$15.86. Neo Performance Materials has a 1-year low of C$7.18 and a 1-year high of C$23.60. 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 firm has a market capitalization of C$687.63 million, a price-to-earnings ratio of -66.12 and a beta of 0.91.

Neo Performance Materials (TSE:NEO) last announced its quarterly earnings data on Friday, November 14th. The company reported C$0.20 earnings per share (EPS) for the quarter. Neo Performance Materials had a negative net margin of 0.48% and a negative return on equity of 0.53%. The firm had revenue of C$122.21 million during the quarter.

Neo Performance Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 26th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 16th. Neo Performance Materials’s dividend payout ratio (DPR) is -114.66%.

Insider Buying and Selling at Neo Performance Materials

In other news, insider Wyloo Consolidated Investments Pty Ltd. sold 8,275,311 shares of the business’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of C$20.00, for a total value of C$165,506,220.00. 22.38% of the stock is currently owned by corporate insiders.

About Neo Performance Materials

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.