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

Neo Performance Materials (OTCMKTS:NOPMF) announced its earnings results on Tuesday. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15, Zacks reports. Neo Performance Materials had a positive return on equity of 5.05% and a negative net margin of 2.09%.The company had revenue of $154.96 million during the quarter, compared to analyst estimates of $127.33 million.

Neo Performance Materials Price Performance

Shares of Neo Performance Materials stock opened at $22.27 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.22. Neo Performance Materials has a twelve month low of $6.60 and a twelve month high of $23.10. The company has a 50-day simple moving average of $17.75 and a two-hundred day simple moving average of $14.90. The stock has a market capitalization of $934.00 million and a price-to-earnings ratio of -85.65.

Analysts Set New Price Targets

Separately, BMO Capital Markets assumed coverage on shares of Neo Performance Materials in a research report on Friday, February 20th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate 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.