Neogen Corp. (NEOG) to Release Quarterly Earnings on Tuesday
Neogen Corp. (NASDAQ:NEOG) is scheduled to be announcing its Q114 earnings results on Tuesday, September 24th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $56.15 million for the quarter.
Neogen Corp. (NASDAQ:NEOG) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.01. The company had revenue of $56.01 million for the quarter, compared to the consensus estimate of $54.94 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. On average, analysts expect Neogen Corp. to post $1.31 EPS for the current fiscal year and $1.55 EPS for the next fiscal year.
Neogen Corp. (NASDAQ:NEOG) opened at 59.46 on Monday. Neogen Corp. has a one year low of $39.58 and a one year high of $60.98. The stock’s 50-day moving average is $56. and its 200-day moving average is $53.86. The company has a market cap of $1.431 billion and a P/E ratio of 53.13.
NEOG has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott initiated coverage on shares of Neogen Corp. (NASDAQ:NEOG) in a research note to investors on Thursday, August 15th. They set a “neutral” rating on the stock. On the ratings front, analysts at Roth Capital raised their price target on shares of Neogen Corp. (NASDAQ:NEOG) to $65.00 in a research note to investors on Wednesday, July 24th. They now have a “buy” rating on the stock. Finally, analysts at Craig Hallum downgraded shares of Neogen Corp. (NASDAQ:NEOG) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, July 24th.
One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Neogen Corp. has an average rating of “Hold” and a consensus price target of $56.00.
Neogen Corporation (NASDAQ:NEOG), together with its subsidiaries, develops, manufactures, and markets a diverse line of products dedicated to food and animal safety.
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