Neogen Corporation (NEOG) Receives Media Impact Rating of 0.04
Media coverage about Neogen Corporation (NASDAQ:NEOG) has trended somewhat positive recently, according to Alpha One Sentiment Analysis. Alpha One, a unit of Accern, rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Neogen Corporation earned a media sentiment score of 0.04 on Alpha One’s scale. Alpha One also gave press coverage about the company an impact score of 93 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Alpha One Sentiment’s scoring:
- $98.64 Million in Sales Expected for Neogen Corporation (NEOG) This Quarter (americanbankingnews.com)
- Toxicology Laboratories Market in North America Predicted to Rake US $198.2 Mn by 2022 (sbwire.com)
- Zacks: Brokerages Expect Neogen Corporation (NEOG) Will Announce Earnings of $0.32 Per Share (americanbankingnews.com)
- Neogen launches sesame allergen test kit (foodqualitynews.com)
- Thinly Traded Medical Stock Nears Buy Zone, Gets Rating Upgrade (finance.yahoo.com)
Shares of Neogen Corporation (NASDAQ NEOG) traded up 0.34% during midday trading on Friday, hitting $68.13. 193,885 shares of the company’s stock traded hands. The company has a 50 day moving average of $63.63 and a 200 day moving average of $64.35. Neogen Corporation has a 52 week low of $50.35 and a 52 week high of $69.09. The stock has a market cap of $2.60 billion, a P/E ratio of 63.08 and a beta of 1.61.
Neogen Corporation (NASDAQ:NEOG) last issued its quarterly earnings results on Tuesday, March 21st. The company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $88.40 million for the quarter, compared to analyst estimates of $89.41 million. Neogen Corporation had a return on equity of 9.64% and a net margin of 11.67%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share. On average, equities analysts forecast that Neogen Corporation will post $1.14 EPS for the current fiscal year.
Several equities analysts have issued reports on the stock. BidaskClub raised shares of Neogen Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded shares of Neogen Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd.
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In other news, VP Edward Bradley sold 21,018 shares of the firm’s stock in a transaction on Thursday, April 6th. The stock was sold at an average price of $61.54, for a total transaction of $1,293,447.72. Following the transaction, the vice president now directly owns 101,512 shares of the company’s stock, valued at $6,247,048.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James L. Herbert sold 48,469 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $61.29, for a total value of $2,970,665.01. Following the transaction, the chief executive officer now directly owns 912,105 shares in the company, valued at $55,902,915.45. The disclosure for this sale can be found here. Insiders have sold 85,270 shares of company stock worth $5,243,885 over the last three months. Corporate insiders own 4.70% of the company’s stock.
About Neogen Corporation
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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