Neo Performance Materials (OTCMKTS:NOPMF) Announces Quarterly Earnings Results

Neo Performance Materials (OTCMKTS:NOPMF) released its quarterly earnings results on Tuesday. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01, Zacks reports. The firm had revenue of $205.75 million for the quarter, compared to analyst estimates of $169.14 million. Neo Performance Materials had a positive return on equity of 8.03% and a negative net margin of 1.98%.During the same quarter in the previous year, the company posted $0.13 EPS.

Neo Performance Materials Stock Down 7.9%

OTCMKTS:NOPMF traded down $2.23 during trading hours on Wednesday, hitting $26.11. 19,557 shares of the company traded hands, compared to its average volume of 39,021. The company has a quick ratio of 0.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.20 billion and a PE ratio of -100.40. The firm’s 50-day simple moving average is $25.97 and its 200-day simple moving average is $20.82. Neo Performance Materials has a one year low of $11.10 and a one year high of $34.99.

Analyst Ratings Changes

NOPMF has been the subject of several analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. Zacks Research upgraded shares of Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Neo Performance Materials Company Profile

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.