Raymond James Issues Q1 2023 Earnings Estimates for Neo Performance Materials
April 14, 2023
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Raymond James investment analysts have released their projections for Neo Performance Materials ($TSX:NEO) Inc.’s Q1 2023 earnings per share. Neo Performance Materials Inc. (NEO) is a leading global specialty chemicals company that develops and manufactures advanced chemical products, materials and services. They are focused on creating innovative, high-performance materials that meet the needs of customers in a wide range of industries, including automotive, electronics, aerospace, and medical devices. These projections come from the company’s recent performance, as well as their ongoing focus on innovation and customer satisfaction.
Neo Performance Materials Inc. has consistently delivered high returns for its shareholders and is expected to continue this trend in Q1 2023. With their focus on innovative materials and services, NEO is positioned to remain a leader in the specialty chemicals market. Investors should keep an eye on the stock for further earnings and revenue updates.
Price History
The stock opened at CA$9.2 and closed at the same price, down by 0.5% from the prior closing price. Despite the slight decline in the stock price, the earnings estimates from Raymond James were upbeat, suggesting positive growth for NEO in the coming year. As one of the world’s leading producers of high-performance materials, NEO is well-positioned to capitalize on the current market conditions and should be a strong performer throughout 2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NEO. More…
| Total Revenues | Net Income | Net Margin |
| 640.3 | 25.95 | 5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NEO. More…
| Operations | Investing | Financing |
| 3.7 | -17.43 | 74.79 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NEO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 676.46 | 198.82 | 10.61 |
Key Ratios Snapshot
Some of the financial key ratios for NEO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.3% | 15.7% | 6.6% |
| FCF Margin | ROE | ROA |
| -2.2% | 5.5% | 3.9% |
Analysis
At GoodWhale, we performed an analysis of NEO PERFORMANCE MATERIALS’s financials and based on our Star Chart, we classified them as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. We consider that investors looking for a steady return, who value stability and might not be looking for a high growth rate, may find NEO PERFORMANCE MATERIALS interesting. The company is strong in terms of assets and medium in terms of dividend, growth and profitability. Moreover, NEO PERFORMANCE MATERIALS has a high health score of 7/10 considering its cashflows and debt, which allows us to conclude it is capable to sustain its future operations in times of crisis. More…
Peers
The company’s products include rare earth metals and alloys, as well as a variety of other materials. Neo Performance Materials Inc’s competitors include 5N Plus Inc, Zeon Corp, and NOF Corp.
– 5N Plus Inc ($TSX:VNP)
Hanesbrands Inc. is a publicly traded clothing company based in Winston-Salem, North Carolina. The company was founded in 1901 and has since grown to become one of the largest clothing manufacturers in the world. Hanesbrands Inc. is best known for its underwear, t-shirts, and socks. The company also manufactures a variety of other clothing items including outerwear, sleepwear, and hosiery. Hanesbrands Inc. has a market cap of 178.43M as of 2022 and a Return on Equity of 1.18%. The company’s products are sold in over 50 countries around the world and it has over 60,000 employees.
– Zeon Corp ($TSE:4205)
Zeon Corporation is a Japanese chemical company that was founded in 1950. The company is headquartered in Tokyo, Japan, and its products include synthetic rubber, plastics, and chemicals. Zeon Corporation has a market cap of 268.61B as of 2022, and a return on equity of 8.53%. The company’s products are used in a variety of industries, including automotive, electronics, and healthcare.
– NOF Corp ($TSE:4403)
As of 2022, NOF Corp has a market cap of 417.73B and a Return on Equity of 12.06%. The company is engaged in the business of providing services to the oil and gas industry.
Summary
Investment analysts at Raymond James recently released their earnings estimates for the first quarter of 2023 for shares of Neo Performance Materials Inc. Analysts anticipate that the company will show above-average growth for the quarter, with increased revenue, EBITDA, and earnings per share compared to the same period in 2022. The analysts also highlighted the company’s focus on strengthening its financials and reducing debt, which is expected to lead to improved returns in the near future. They noted the potential for greater profitability as the company continues to benefit from an upturn in market conditions. With its strong balance sheet and attractive valuation, investors looking for long-term gains may find Neo Performance Materials Inc. an attractive option.
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