Neogen Corporation (NEOG) to Release Earnings on Tuesday
Neogen Corporation (NASDAQ:NEOG) will be releasing its earnings data before the market opens on Tuesday, September 19th. Analysts expect Neogen Corporation to post earnings of $0.31 per share for the quarter.
Neogen Corporation (NASDAQ:NEOG) last released its quarterly earnings results on Tuesday, July 18th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The business had revenue of $98.80 million during the quarter, compared to the consensus estimate of $100.80 million. Neogen Corporation had a return on equity of 9.87% and a net margin of 12.11%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS. On average, analysts expect Neogen Corporation to post $1.28 EPS for the current fiscal year and $1.44 EPS for the next fiscal year.
Shares of Neogen Corporation (NEOG) opened at 73.07 on Friday. The company has a market capitalization of $2.79 billion, a P/E ratio of 64.10 and a beta of 1.51. Neogen Corporation has a 1-year low of $50.53 and a 1-year high of $73.45. The company has a 50-day moving average price of $67.67 and a 200 day moving average price of $65.46.
In other Neogen Corporation news, VP Edward Bradley sold 13,628 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $70.06, for a total value of $954,777.68. Following the completion of the sale, the vice president now directly owns 71,691 shares of the company’s stock, valued at $5,022,671.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald D. Green sold 4,333 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $68.49, for a total value of $296,767.17. Following the completion of the sale, the director now directly owns 3,333 shares of the company’s stock, valued at $228,277.17. The disclosure for this sale can be found here. Insiders sold 38,333 shares of company stock valued at $2,647,873 over the last three months. Company insiders own 4.20% of the company’s stock.
A number of analysts have issued reports on NEOG shares. Zacks Investment Research downgraded Neogen Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. BidaskClub downgraded Neogen Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, CL King started coverage on Neogen Corporation in a research report on Friday, July 14th. They issued a “neutral” rating for the company.
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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