Neogen Corporation (NEOG) Getting Somewhat Critical Press Coverage, Analysis Finds

Media coverage about Neogen Corporation (NASDAQ:NEOG) has trended somewhat negative this week, according to Alpha One. The research firm, a unit of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Neogen Corporation earned a coverage optimism score of -0.12 on Alpha One’s scale. Alpha One also gave media coverage about the company an impact score of 58 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the next few days.

These are some of the media stories that may have effected AlphaOne Sentiment’s analysis:

Insider Buying and Selling by Quarter for Neogen Corporation (NASDAQ:NEOG)

Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Neogen Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, March 14th. BidaskClub raised shares of Neogen Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th.

Shares of Neogen Corporation (NEOG) traded up 0.34% during midday trading on Friday, hitting $68.13. 193,885 shares of the company traded hands. The stock’s 50-day moving average is $63.63 and its 200 day moving average is $64.35. Neogen Corporation has a 12-month low of $50.35 and a 12-month high of $69.09. The stock has a market capitalization of $2.60 billion, a P/E ratio of 63.08 and a beta of 1.61.

Neogen Corporation (NASDAQ:NEOG) last released its earnings results on Tuesday, March 21st. The company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Neogen Corporation had a net margin of 11.67% and a return on equity of 9.64%. The company had revenue of $88.40 million during the quarter, compared to the consensus estimate of $89.41 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue was up 15.3% compared to the same quarter last year. On average, analysts expect that Neogen Corporation will post $1.14 earnings per share for the current year.

In other news, CEO James L. Herbert sold 48,469 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of $61.29, for a total transaction of $2,970,665.01. Following the transaction, the chief executive officer now owns 912,105 shares in the company, valued at approximately $55,902,915.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Edward Bradley sold 5,000 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $61.33, for a total transaction of $306,650.00. Following the transaction, the vice president now owns 96,512 shares in the company, valued at approximately $5,919,080.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,270 shares of company stock valued at $5,243,885. Insiders own 4.70% of the company’s stock.

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Neogen Corporation Company Profile

Neogen Corporation develops, manufactures and markets a range of products and services dedicated to food and animal safety. The Company operates through two segments: Food Safety and Animal Safety. The Food Safety segment produces and markets diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation.

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