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

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

Neo Performance Materials (OTCMKTS:NOPMF) last issued its earnings results on Tuesday, August 11th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $205.75 million during the quarter, compared to analyst estimates of $169.14 million. Neo Performance Materials had a net margin of 0.26% and a return on equity of 11.52%. During the same quarter last year, the business posted $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 Price Performance

NOPMF opened at $17.61 on Friday. The stock has a market cap of $809.00 million and a price-to-earnings ratio of -1,761.00. Neo Performance Materials has a 1 year low of $11.10 and a 1 year high of $34.99. The company has a current ratio of 2.06, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $20.52 and a 200 day moving average price of $20.98.

Analyst Ratings Changes

NOPMF has been the subject of several research reports. Jefferies Financial Group upgraded Neo Performance Materials to a “strong-buy” rating in a report on Friday, September 25th. BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. Zacks Research downgraded Neo Performance Materials from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, B. Riley Financial began coverage on shares of Neo Performance Materials in a research report on Wednesday, September 2nd. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Neo Performance Materials

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.