Neogen (NASDAQ:NEOG) released its quarterly earnings data on Tuesday. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04), Briefing.com reports. The business had revenue of $99.60 million during the quarter, compared to the consensus estimate of $102.42 million. Neogen had a return on equity of 8.73% and a net margin of 14.07%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.25 EPS.
NASDAQ:NEOG opened at $56.16 on Thursday. The company has a market capitalization of $3.23 billion, a P/E ratio of 50.14, a P/E/G ratio of 5.24 and a beta of 1.31. Neogen has a 12 month low of $48.91 and a 12 month high of $79.83. The business’s 50-day moving average is $64.92 and its 200 day moving average is $66.80.
A number of equities research analysts recently commented on NEOG shares. BidaskClub upgraded Neogen from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Stephens started coverage on Neogen in a research report on Monday, February 10th. They issued an “overweight” rating and a $88.00 target price on the stock. Roth Capital reiterated a “neutral” rating on shares of Neogen in a research report on Tuesday, December 31st. Zacks Investment Research downgraded Neogen from a “hold” rating to a “sell” rating and set a $64.00 target price on the stock. in a research report on Monday, March 2nd. Finally, TheStreet downgraded Neogen from a “b-” rating to a “c” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $76.67.
Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products for food and animal safety worldwide. It operates through two segments, Food Safety and Animal Safety. The Food Safety segment primarily offers diagnostic test kits and complementary to detect dangerous and/or unintended substances in human food and animal feed, such as foodborne pathogens, spoilage organisms, natural toxins, food allergens, genetic modifications, ruminant by-products, meat speciation, drug residues, pesticide residues, and general sanitation concerns; and AccuPoint Advanced rapid sanitation test for adenosine triphosphate, a chemical found in living cells.
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