Neo Performance Materials Inc. Declares Quarterly Dividend of $0.10 (TSE:NEO)

Neo Performance Materials Inc. (TSE:NEO) announced a quarterly dividend on Friday, June 19th, TickerTech Dividends reports. Shareholders of record on Monday, June 29th will be given a dividend of 0.10 per share on Monday, June 29th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 19th.

Neo Performance Materials Trading Down 0.9%

TSE NEO opened at C$33.43 on Wednesday. The stock has a market capitalization of C$1.54 billion, a price-to-earnings ratio of -139.29 and a beta of 1.45. The stock’s 50 day moving average price is C$28.64 and its two-hundred day moving average price is C$23.15. The company has a debt-to-equity ratio of 41.75, a quick ratio of 1.92 and a current ratio of 1.76. Neo Performance Materials has a 52 week low of C$11.91 and a 52 week high of C$35.76.

Neo Performance Materials (TSE:NEO) last released its earnings results on Tuesday, May 12th. The company reported C$0.47 EPS for the quarter. The firm had revenue of C$215.44 million for the quarter. Neo Performance Materials had a negative return on equity of 2.63% and a negative net margin of 2.03%. As a group, analysts anticipate that Neo Performance Materials will post 0.6753356 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on NEO shares. Stifel Nicolaus boosted their target price on Neo Performance Materials from C$26.00 to C$38.00 in a research note on Wednesday, May 13th. BMO Capital Markets boosted their target price on Neo Performance Materials from C$30.00 to C$38.00 in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$38.00.

Neo Performance Materials Company Profile

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals.