Neogen Corporation (NEOG) is currently priced at $9.19, reflecting a decrease of -2.8% with a price change of -26.5 cents from the previous close of $9.45. The trading volume stands at $744,702, which is 26.29% higher than the average volume.
NEOG's latest quarterly earnings report, released on Wednesday, April 8th, shows an earnings per share of $0.09, surpassing the consensus estimate of $0.04.
The cash flow reveals a net change in cash of $14.56 million, with operating cash flow at $22.70 million. Notable figures include acquisitions netting -$121.73 million and free cash flow amounting to $11 million.
NEOG reports revenue of $211.2 million and gross profit of $99 million. Operating income stands at -$3.3 million, with a net income of -$17 million. The company shows a negative EPS of -8 cents.
Key financial ratios for NEOG include a gross profit margin of 46.88%, return on assets of -0.51, and a price-to-sales ratio of 11.58.
NEOG's balance sheet depicts total assets at $3.36 billion, with total liabilities at $1.26 billion. Cash and cash equivalents amount to $159.9 million, while total current assets stand at $590 million.
This real-time financial report highlights NEOG's declining price, mixed financial performance, and key ratios affecting investor sentiment.
Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products for food and animal safety worldwide. It operates through two segments, Food Safety and Animal Safety. The Food Safety segment offers diagnostic test kits and related products to detect dangerous and unintended substances in food and animal feed, including 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 to detect the presence of adenosine triphosphate, a chemical found in living cells. This segment offers its products primarily to food and feed producers and processors; grain producers and processors; producers of cookies, crackers, candy, ice cream, and other processed foods; meat and poultry processors, seafood processors, fruit and vegetable producers, and dairies; laboratories; and producers of pharmaceuticals, cosmetics, and veterinary vaccines. The Animal Safety segment provides veterinary instruments, pharmaceuticals, vaccines, topicals, parasiticides, diagnostic products, rodenticides, cleaners, disinfectants, insecticides, and genomics testing services for the animal safety market. This segment offers various products for researchers to detect biologically active substances. Its drug detection immunoassay test kits are used for the detection of abused and therapeutic drugs in farm and racing animals; detection of drug residues in meat and meat products; and human forensic toxicology drug screening applications. In addition, this segment's products are used to maintain sanitary conditions and limit the potential hazards of bacteria, fungi, and viruses. Neogen Corporation was incorporated in 1981 and is headquartered in Lansing, Michigan.