Media coverage about Neogen Corporation (NASDAQ:NEOG) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Neogen Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.7867024050032 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- ETFs with exposure to Neogen Corp. : October 16, 2017 (finance.yahoo.com)
- MEA Veterinary Surgical Devices Market predicted to rise to USD 83.17 million by 2021 (reports.pr-inside.com)
- Neogen Corporation (NEOG) Expected to Post Quarterly Sales of $101.34 Million (americanbankingnews.com)
- Neogen Corporation (NEOG) Cut to Hold at Zacks Investment Research (americanbankingnews.com)
- Agricultural and Environmental Diagnostics Market Report 2017, Trends, Analysis, Share, Estimates and Forecasts to 2022. (mynewsdesk.com)
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Neogen Corporation from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Wednesday, October 11th. BidaskClub raised shares of Neogen Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Finally, CL King assumed coverage on shares of Neogen Corporation in a research report on Friday, July 14th. They issued a “neutral” rating for the company.
Neogen Corporation (NASDAQ:NEOG) opened at 77.41 on Tuesday. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 65.05 and a beta of 1.51. The company has a 50 day moving average of $73.61 and a 200 day moving average of $67.06. Neogen Corporation has a 52 week low of $50.53 and a 52 week high of $79.99.
Neogen Corporation (NASDAQ:NEOG) last released its quarterly earnings data on Tuesday, September 19th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. Neogen Corporation had a net margin of 12.28% and a return on equity of 9.93%. The company had revenue of $95.30 million during the quarter, compared to analyst estimates of $94.87 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, equities analysts forecast that Neogen Corporation will post $1.32 EPS for the current fiscal year.
In related news, VP Steven J. Quinlan sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $68.68, for a total value of $274,720.00. Following the completion of the sale, the vice president now directly owns 14,103 shares of the company’s stock, valued at $968,594.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Edward Bradley sold 38,876 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $71.28, for a total transaction of $2,771,081.28. Following the completion of the sale, the vice president now directly owns 83,712 shares of the company’s stock, valued at $5,966,991.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 158,543 shares of company stock valued at $11,750,418. 4.20% of the stock is owned by insiders.
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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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