$0.32 EPS Expected for Neogen Corporation (NEOG)

June 19, 2017 - By Clifton Ray

 $0.32 EPS Expected for Neogen Corporation (NEOG)
Investors sentiment decreased to 0.84 in Q4 2016. Its down 0.02, from 0.86 in 2016Q3. It is negative, as 15 investors sold Neogen Corporation shares while 81 reduced holdings. 31 funds opened positions while 50 raised stakes. 32.08 million shares or 0.64% more from 31.88 million shares in 2016Q3 were reported.
Credit Suisse Ag reported 0% stake. Mason Street Limited Company owns 8,240 shares. Brown Advisory Incorporated invested in 0.01% or 47,359 shares. Paradigm Asset Company Lc has invested 0% in Neogen Corporation (NASDAQ:NEOG). Susquehanna Int Grp Inc Llp accumulated 0% or 43,586 shares. Henderson Grp Public Limited Com holds 506,652 shares or 0.25% of its portfolio. Royal Fincl Bank Of Canada reported 662,932 shares. 37,371 were accumulated by Liberty Capital Management. State Teachers Retirement Sys invested in 0.01% or 39,385 shares. Glenmede Tru Na reported 3,684 shares. The New York-based Eulav Asset has invested 0.02% in Neogen Corporation (NASDAQ:NEOG). Great Lakes Advsrs Ltd Liability Corporation reported 28,925 shares. Kanaly Trust holds 56 shares or 0% of its portfolio. Conestoga Capital Advisors Ltd Co invested in 739,986 shares or 3.25% of the stock. 284,235 are held by Geode Capital Mgmt Ltd Liability.

Since December 23, 2016, it had 0 insider purchases, and 8 insider sales for $9.07 million activity. Another trade for 21,600 shares valued at $1.42M was made by MORRICAL TERRI A on Friday, December 23. On Friday, May 19 the insider BRADLEY EDWARD sold $306,659. Quinlan Steven J. sold $353,947 worth of stock or 5,352 shares. The insider PARNELL JACK C sold $396,222. 8,107 shares were sold by HERBERT JAMES L, worth $502,715.

Analysts await Neogen Corporation (NASDAQ:NEOG) to report earnings on July, 18. They expect $0.32 earnings per share, up 23.08 % or $0.06 from last year’s $0.26 per share. NEOG’s profit will be $12.26M for 53.41 P/E if the $0.32 EPS becomes a reality. After $0.27 actual earnings per share reported by Neogen Corporation for the previous quarter, Wall Street now forecasts 18.52 % EPS growth. About 5,198 shares traded. Neogen Corporation (NASDAQ:NEOG) has risen 27.20% since June 19, 2016 and is uptrending. It has outperformed by 10.50% the S&P500.

Neogen Corporation (NASDAQ:NEOG) Ratings Coverage

Among 2 analysts covering Neogen (NASDAQ:NEOG), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Neogen had 3 analyst reports since August 26, 2015 according to SRatingsIntel. Craig Hallum downgraded the stock to “Hold” rating in Tuesday, December 22 report. As per Tuesday, September 22, the company rating was downgraded by Zacks. The stock of Neogen Corporation (NASDAQ:NEOG) has “Buy” rating given on Wednesday, August 26 by Zacks.

Neogen Corporation develops, manufactures and markets a range of services and products dedicated to food and animal safety. The company has market cap of $2.62 billion. The Firm operates through two divisions: Food Safety and Animal Safety. It has a 63.29 P/E ratio. 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.

More notable recent Neogen Corporation (NASDAQ:NEOG) news were published by: Seekingalpha.com which released: “Neogen Flexing Its Operational Excellence” on January 06, 2016, also Seekingalpha.com with their article: “Neogen Corporation’s (NEOG) CEO Jim Herbert on Q1 2017 Results – Earnings Call …” published on September 27, 2016, Seekingalpha.com published: “Neogen Corporation’s (NEOG) CEO Jim Herbert on Q3 2017 Results – Earnings Call …” on March 21, 2017. More interesting news about Neogen Corporation (NASDAQ:NEOG) were released by: Prnewswire.com and their article: “Neogen expands food safety genomic testing” published on June 19, 2017 as well as Prnewswire.com‘s news article titled: “Neogen selected by Scottish Gov’t for beef herd improvement program” with publication date: October 27, 2016.

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