Neo Performance Materials (OTCMKTS:NOPMF) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Neo Performance Materials (OTCMKTS:NOPMF) posted its earnings results on Tuesday. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01, Zacks reports. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 8.03%. The firm had revenue of $205.75 million for the quarter, compared to analyst estimates of $169.14 million. During the same period in the previous year, the firm posted $0.13 EPS.

Neo Performance Materials Trading Down 7.3%

Shares of OTCMKTS:NOPMF traded down $2.08 during midday trading on Wednesday, reaching $26.25. The company’s stock had a trading volume of 21,422 shares, compared to its average volume of 39,032. The firm has a market capitalization of $1.21 billion and a price-to-earnings ratio of -100.98. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.76. The firm has a 50 day moving average price of $25.97 and a two-hundred day moving average price of $20.82. Neo Performance Materials has a fifty-two week low of $11.10 and a fifty-two week high of $34.99.

Analyst Ratings Changes

Several brokerages recently weighed in on NOPMF. BMO Capital Markets reissued an “outperform” rating on shares of Neo Performance Materials in a research note on Monday, July 13th. Zacks Research upgraded Neo Performance Materials from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, Neo Performance Materials currently has an average rating of “Strong 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.