Neo Performance Materials (OTCMKTS:NOPMF) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Neo Performance Materials (OTCMKTS:NOPMF) released its quarterly earnings results on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.15, Zacks reports. The firm had revenue of $154.96 million during the quarter, compared to the consensus estimate of $127.33 million. Neo Performance Materials had a negative net margin of 1.98% and a positive return on equity of 7.85%.

Neo Performance Materials Stock Performance

NOPMF stock traded up $0.21 during mid-day trading on Thursday, hitting $23.61. The company had a trading volume of 15,792 shares, compared to its average volume of 23,143. The firm has a market cap of $990.12 million and a PE ratio of -90.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 2.24. Neo Performance Materials has a 12 month low of $6.60 and a 12 month high of $24.00. The stock’s fifty day moving average price is $17.82 and its two-hundred day moving average price is $14.96.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets began coverage on shares of Neo Performance Materials in a research report on Friday, February 20th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Neo Performance Materials currently has a consensus rating of “Moderate Buy”.

About Neo Performance Materials

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.