Analysts Expect Neogen Corporation (NASDAQ:NEOG) to Post $0.30 EPS
Shares of Neogen Corporation (NASDAQ:NEOG) have received a consensus broker rating score of 3.00 (Hold) from the six analysts that provide coverage for the company, Zacks Investment Research reports. Six research analysts have rated the stock with a hold rating.
Brokerages have set a one year consensus target price of $59.67 for the company and are forecasting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned Neogen Corporation an industry rank of 120 out of 265 based on the ratings given to its competitors.
A number of brokerages have issued reports on NEOG. CL King began coverage on shares of Neogen Corporation in a report on Friday, July 14th. They issued a “neutral” rating on the stock. BidaskClub raised shares of Neogen Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Finally, Zacks Investment Research raised shares of Neogen Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd.
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In other news, CEO James L. Herbert sold 48,469 shares of Neogen Corporation stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $61.29, for a total transaction of $2,970,665.01. Following the sale, the chief executive officer now owns 912,105 shares of the company’s stock, valued at $55,902,915.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James P. Tobin purchased 500 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were acquired at an average cost of $64.64 per share, for a total transaction of $32,320.00. Following the acquisition, the director now owns 3,200 shares of the company’s stock, valued at approximately $206,848. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 71,576 shares of company stock worth $4,455,280. Corporate insiders own 4.70% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Creative Planning boosted its stake in Neogen Corporation by 1.3% in the second quarter. Creative Planning now owns 3,478 shares of the company’s stock worth $240,000 after buying an additional 46 shares during the period. 1st Global Advisors Inc. boosted its stake in Neogen Corporation by 0.6% in the first quarter. 1st Global Advisors Inc. now owns 9,822 shares of the company’s stock worth $644,000 after buying an additional 54 shares during the period. Arizona State Retirement System boosted its stake in Neogen Corporation by 0.5% in the second quarter. Arizona State Retirement System now owns 19,841 shares of the company’s stock worth $1,371,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue boosted its stake in Neogen Corporation by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 4,210 shares of the company’s stock worth $275,000 after buying an additional 140 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Neogen Corporation by 1.1% in the second quarter. Nisa Investment Advisors LLC now owns 18,935 shares of the company’s stock worth $1,309,000 after buying an additional 200 shares during the period. 85.53% of the stock is currently owned by institutional investors.
Shares of Neogen Corporation (NASDAQ:NEOG) traded down 0.83% during trading on Tuesday, reaching $67.16. The company had a trading volume of 1,460 shares. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 58.91 and a beta of 1.52. The stock has a 50 day moving average of $67.41 and a 200 day moving average of $64.81. Neogen Corporation has a 52-week low of $50.53 and a 52-week high of $69.97.
Neogen Corporation (NASDAQ:NEOG) last issued its earnings results on Tuesday, July 18th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. Neogen Corporation had a net margin of 12.11% and a return on equity of 9.87%. The firm had revenue of $98.80 million for the quarter, compared to analysts’ expectations of $100.80 million. During the same quarter last year, the company posted $0.26 earnings per share. Neogen Corporation’s revenue was up 9.7% on a year-over-year basis. Equities research analysts forecast that Neogen Corporation will post $1.30 EPS for the current year.
Neogen Corporation Company Profile
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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