$0.24 EPS Expected for Neogen Corporation (NEOG)

March 21, 2018 - By Adrian Erickson

 $0.24 EPS Expected for Neogen Corporation (NEOG)
Investors sentiment increased to 1.48 in 2017 Q3. Its up 0.43, from 1.05 in 2017Q2. It is positive, as 10 investors sold Neogen Corporation shares while 53 reduced holdings. 31 funds opened positions while 62 raised stakes. 33.03 million shares or 0.90% more from 32.73 million shares in 2017Q2 were reported.
Fairfield Bush & Communications reported 2.09% stake. Contravisory Inv Inc, Massachusetts-based fund reported 2,759 shares. Raymond James Finance reported 27,936 shares stake. Victory Cap Mngmt has invested 0% of its portfolio in Neogen Corporation (NASDAQ:NEOG). Van Eck Associate has invested 0.03% in Neogen Corporation (NASDAQ:NEOG). Moreover, Ameritas Inv Ptnrs has 0.01% invested in Neogen Corporation (NASDAQ:NEOG). Loomis Sayles & Ltd Partnership invested 0.04% in Neogen Corporation (NASDAQ:NEOG). Riverhead Capital Mgmt Limited Liability Corp holds 0.01% or 2,834 shares in its portfolio. The Michigan-based Azimuth Ltd Com has invested 0.07% in Neogen Corporation (NASDAQ:NEOG). Sheets Smith Wealth Management owns 4,245 shares. Arizona State Retirement Sys stated it has 0.02% of its portfolio in Neogen Corporation (NASDAQ:NEOG). Tiverton Asset Mgmt Lc stated it has 86,529 shares. Northern Trust owns 523,659 shares. Atlantic Trust Group Inc Limited Liability Corporation owns 49,464 shares. Rhumbline Advisers invested in 75,611 shares.

Since September 25, 2017, it had 0 insider buys, and 16 sales for $11.10 million activity. HERBERT JAMES L sold $1.50M worth of Neogen Corporation (NASDAQ:NEOG) on Tuesday, February 20. $424,518 worth of stock was sold by BRADLEY EDWARD on Wednesday, October 4. On Friday, January 26 the insider PAPESH G BRUCE sold $358,320. MORRICAL TERRI A sold 11,398 shares worth $854,964.

Analysts expect Neogen Corporation (NASDAQ:NEOG) to report $0.24 EPS on March, 22 before the open.They anticipate $0.04 EPS change or 20.00 % from last quarter’s $0.2 EPS. NEOG’s profit would be $12.37 million giving it 66.40 P/E if the $0.24 EPS is correct. After having $0.33 EPS previously, Neogen Corporation’s analysts see -27.27 % EPS growth. The stock increased 0.68% or $0.43 during the last trading session, reaching $63.74. About 162,934 shares traded. Neogen Corporation (NASDAQ:NEOG) has risen 27.20% since March 21, 2017 and is uptrending. It has outperformed by 10.50% the S&P500.

Neogen Corporation (NASDAQ:NEOG) Ratings Coverage

Among 4 analysts covering Neogen (NASDAQ:NEOG), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Neogen had 6 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was downgraded by Zacks on Wednesday, August 26 to “Buy”. Roth Capital maintained Neogen Corporation (NASDAQ:NEOG) rating on Thursday, January 4. Roth Capital has “Hold” rating and $62.0 target. The stock of Neogen Corporation (NASDAQ:NEOG) earned “Hold” rating by Craig Hallum on Tuesday, December 22. The firm has “Hold” rating by Zacks given on Tuesday, September 22.

Neogen Corporation, together with its subsidiaries, develops, makes, and markets various products for food and animal safety worldwide. The company has market cap of $3.28 billion. It operates through two divisions, Food Safety and Animal Safety. It has a 63.42 P/E ratio. 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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