Somewhat Positive Media Coverage Somewhat Unlikely to Affect Neogen Corporation (NEOG) Stock Price
Headlines about Neogen Corporation (NASDAQ:NEOG) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Neogen Corporation earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.4061767856517 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Forensic Technologies Market | Analysis & Trends 2025 (openpr.com)
- Agricultural disinfectants market is expected to reach USD 2.05 billion by 2021 explored in latest research (whatech.com)
- Global Agricultural Disinfectant Market 2017: Entaco NV, Nufarm Limited, the Dow Chemical, Neogen Corporation (sbwire.com)
- Neogen : Launches AccuClean Advanced Rapid Protein Test (4-traders.com)
- Neogen Corporation (NEOG) Expected to Announce Quarterly Sales of $95.09 Million (americanbankingnews.com)
Neogen Corporation (NASDAQ:NEOG) opened at 69.71 on Monday. Neogen Corporation has a 12-month low of $50.53 and a 12-month high of $70.46. The stock has a 50 day moving average price of $66.81 and a 200 day moving average price of $65.27. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 61.15 and a beta of 1.51.
Neogen Corporation (NASDAQ:NEOG) last announced its quarterly earnings results on Tuesday, July 18th. The company reported $0.32 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $98.80 million during the quarter, compared to the consensus estimate of $100.80 million. Neogen Corporation had a net margin of 12.11% and a return on equity of 9.87%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. On average, analysts expect that Neogen Corporation will post $1.30 EPS for the current year.
Several equities analysts have recently issued reports on NEOG shares. Zacks Investment Research raised Neogen Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. CL King started coverage on Neogen Corporation in a report on Friday, July 14th. They issued a “neutral” rating for the company. Finally, BidaskClub lowered Neogen Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th.
In related news, VP Edward Bradley sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $66.33, for a total transaction of $331,650.00. Following the completion of the sale, the vice president now owns 86,512 shares of the company’s stock, valued at $5,738,340.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James P. Tobin purchased 500 shares of Neogen Corporation stock in a transaction that occurred on Thursday, July 27th. The shares were purchased at an average cost of $64.64 per share, with a total value of $32,320.00. Following the transaction, the director now directly owns 3,200 shares of the company’s stock, valued at $206,848. The disclosure for this purchase can be found here. Insiders have sold 24,705 shares of company stock valued at $1,693,096 in the last three months. 4.20% of the stock is owned by insiders.
About Neogen Corporation
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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