Neogen Stock Earnings Estimates Increased by Zacks Research

Neogen Corporation (NASDAQ:NEOG) – Analysts at Zacks Research increased their Q3 2027 EPS estimates for Neogen in a note issued to investors on Tuesday, October 27th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.07 for the quarter, up from their prior estimate of $0.06. The consensus estimate for Neogen’s current full-year earnings is $0.27 per share. Zacks Research also issued estimates for Neogen’s Q4 2027 earnings at $0.08 EPS, FY2027 earnings at $0.27 EPS, FY2028 earnings at $0.31 EPS and Q1 2029 earnings at $0.07 EPS.

Neogen (NASDAQ:NEOG) last issued its quarterly earnings results on Tuesday, October 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $222.80 million during the quarter, compared to analyst estimates of $208.18 million. Neogen had a negative net margin of 6.35% and a positive return on equity of 3.29%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 earnings per share.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings upgraded shares of Neogen from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 7th. Wall Street Zen downgraded Neogen from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Piper Sandler raised Neogen from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $13.00 to $14.00 in a report on Wednesday, August 26th. Finally, Guggenheim restated a “buy” rating and issued a $14.00 target price (up from $12.00) on shares of Neogen in a research report on Wednesday, September 30th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Neogen presently has a consensus rating of “Hold” and an average price target of $12.67.

Neogen Trading Down 2.8%

Neogen stock opened at $12.12 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.92 and a current ratio of 3.90. The firm’s 50-day moving average is $12.22 and its 200-day moving average is $10.39. Neogen has a 1 year low of $5.37 and a 1 year high of $14.26. The company has a market cap of $2.65 billion, a P/E ratio of -48.48, a PEG ratio of 4.46 and a beta of 1.79.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Canton Hathaway LLC bought a new position in shares of Neogen during the 3rd quarter valued at about $26,000. Nykredit A S acquired a new position in shares of Neogen in the 2nd quarter worth approximately $28,000. Farther Finance Advisors LLC raised its holdings in shares of Neogen by 76.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,184 shares of the company’s stock worth $28,000 after purchasing an additional 944 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Neogen in the 2nd quarter worth approximately $34,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Neogen in the 2nd quarter worth approximately $73,000. Institutional investors and hedge funds own 96.73% of the company’s stock.

Neogen Company Profile

Neogen Corporation develops and markets products and services designed to help protect the food supply and support animal health. Its food safety offerings include diagnostic tests and laboratory products used to detect pathogens, allergens, mycotoxins, genetically modified organisms, veterinary drug residues, and other contaminants in food and agricultural environments.

The company also provides sanitation and hygiene products, environmental monitoring solutions, and software and data-management tools that help food processors, retailers, laboratories, and other organizations manage food safety programs.