Neo Performance Materials (OTCMKTS:NOPMF) Releases Earnings Results, Beats Estimates By $0.01 EPS

Neo Performance Materials (OTCMKTS:NOPMF) announced its earnings results on Tuesday. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01, Zacks reports. The firm had revenue of $205.75 million for the quarter, compared to the consensus estimate 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 business earned $0.13 EPS.

Neo Performance Materials Price Performance

NOPMF traded down $2.23 during trading on Wednesday, reaching $26.11. 19,557 shares of the company were exchanged, compared to its average volume of 39,021. Neo Performance Materials has a 12-month low of $11.10 and a 12-month high of $34.99. The company has a market cap of $1.20 billion and a price-to-earnings ratio of -100.40. 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’s 50-day moving average is $25.97 and its two-hundred day moving average is $20.82.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Neo Performance Materials in a report on Monday, July 13th. Zacks Research raised 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 issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

About Neo Performance Materials

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.