Neogen Corporation (NEOG) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Neogen Corporation (NASDAQ:NEOG) issued its quarterly earnings data on Tuesday. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01, Bloomberg Earnings reports. Neogen Corporation had a return on equity of 9.87% and a net margin of 12.11%.

Neogen Corporation (NEOG) traded down 2.1333% on Tuesday, hitting $72.4899. The stock had a trading volume of 33,182 shares. Neogen Corporation has a one year low of $50.53 and a one year high of $74.98. The company’s 50-day moving average price is $67.93 and its 200 day moving average price is $65.53. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 63.5876 and a beta of 1.51.

In other news, Director Ronald D. Green sold 4,333 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $68.49, for a total transaction of $296,767.17. Following the completion of the sale, the director now directly owns 3,333 shares of the company’s stock, valued at approximately $228,277.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Edward Bradley sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $66.33, for a total transaction of $331,650.00. Following the sale, the vice president now directly owns 86,512 shares of the company’s stock, valued at $5,738,340.96. The disclosure for this sale can be found here. Insiders sold a total of 33,333 shares of company stock valued at $2,304,273 over the last quarter. 4.20% of the stock is currently owned by insiders.

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Several research analysts recently weighed in on NEOG shares. BidaskClub upgraded Neogen Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded Neogen Corporation from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Thursday, July 20th. Finally, CL King started coverage on Neogen Corporation in a research report on Friday, July 14th. They issued a “neutral” rating for the company.

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.

Earnings History for Neogen Corporation (NASDAQ:NEOG)

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