Neogen Corporation (NEOG)

NASDAQ: NEOG · IEX Real-Time Price · USD
21.01
-0.10 (-0.47%)
Aug 19, 2022 4:00 PM EDT - Market closed
-0.47%
Market Cap 2.27B
Revenue (ttm) 527.16M
Net Income (ttm) 48.31M
Shares Out 107.84M
EPS (ttm) 0.44
PE Ratio 47.75
Forward PE 19.31
Dividend n/a
Ex-Dividend Date n/a
Volume 3,184,998
Open 21.12
Previous Close 21.11
Day's Range 20.82 - 21.12
52-Week Range 20.82 - 47.80
Beta 0.58
Analysts Sell
Price Target 26.52 (+26.2%)
Earnings Date Sep 19, 2022

About NEOG

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 sanita... [Read more...]

Industry Health Care Equipment & Supplies
IPO Date Aug 23, 1989
CEO John Adent
Employees 2,108
Stock Exchange NASDAQ
Ticker Symbol NEOG
Full Company Profile

Financial Performance

In 2022, Neogen's revenue was $527.16 million, an increase of 12.53% compared to the previous year's $468.46 million. Earnings were $48.31 million, a decrease of -20.65%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for NEOG stock is "Sell." The 12-month stock price forecast is 26.52, which is an increase of 26.23% from the latest price.

Price Target
$26.52
(26.23% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Neogen Shareholders Approve All Proposals Required for Combination with 3M's Food Safety Business

LANSING, Mich. , Aug. 17, 2022 /PRNewswire/ -- Neogen Corporation ("Neogen") (NASDAQ: NEOG) announced that, at the special meeting of Neogen shareholders held today, Neogen shareholders voted to approve...

Other symbols: MMM

3M Commences Split-Off Exchange Offer for Food Safety Business

ST. PAUL, Minn. , Aug. 4, 2022 /PRNewswire/ -- 3M Company (" 3M ") (NYSE: MMM) announced today the commencement of an exchange offer to effect the separation of its food safety business (the "Food Safet...

Other symbols: MMM

Neogen (NEOG) Q4 Earnings Top Estimates, Gross Margin Up

Neogen (NEOG) delivers better-than-expected results for the fiscal fourth quarter, with robust segmental performance driving the top line.

Neogen (NEOG) Q4 Earnings and Revenues Beat Estimates

Neogen (NEOG) delivered earnings and revenue surprises of 12.50% and 1.25%, respectively, for the quarter ended May 2022. Do the numbers hold clues to what lies ahead for the stock?

Neogen Announces Record Revenues for Fiscal 2022

Company reports strong growth across Food and Animal Safety segments Gross margins improved quarter over quarter and year over year Fourth quarter EPS of $0.14; adjusted EPS of $0.18 3M Food Safety tran...

Neogen Ceremonially Breaks Ground on $70 Million Lansing Expansion

LANSING, Mich. , July 20, 2022 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) held a ceremonial groundbreaking in anticipation of approvals on a $70 million expansion of their Lansing, Michigan, food...

Neogen Announces Pricing of $350.0 Million Senior Notes Offering and Entry into $800.0 Million Senior Secured Credit ...

LANSING, Mich. , July 7, 2022 /PRNewswire/ -- Neogen Corporation ("Neogen") (NASDAQ: NEOG) announced today that on July 6, 2022 Garden SpinCo Corporation ("SpinCo"), a direct wholly-owned subsidiary of ...

Neogen Acquires Distributor in Thailand

Acquisition expands the company's growth opportunities in Southeast Asia LANSING, Mich. , July 6, 2022 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that it has acquired Thai-Neo Bio...

Here's Why You Should Retain Neogen (NEOG) Stock for Now

Neogen's (NEOG) robust segmental performance and notable product launches instill investors' confidence.

The M&A Class Action Firm Continues to Investigate NEOGEN Corp. - NEOG

New York, New York--(Newsfile Corp. - June 21, 2022) - Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securit...

Neogen (NEOG) to Offer New Biosecurity Solution in Canada

Neogen's (NEOG) newest addition to the biosecurity portfolio is anticipated to curb the spread of diseases like COVID-19 and avian influenza.

Neogen® Viroxide Super™ Approved for Canadian Distribution

New approval of disinfectant expands Neogen's Canadian biosecurity portfolio LEXINGTON, Ky. , June 6, 2022 /PRNewswire/ -- Neogen® Corporation (NASDAQ: NEOG) announced today that the Natural and Non-Pre...

NEOGEN (NEOG) Launches Insecticide for Poultry Producers

NEOGEN's (NEOG) insect control solution for poultry producers is the latest addition to the company's Prozap product line.

Neogen® Launches Prozap® Gamma-Defense Insect Control Solution

Micro-encapsulated, slow-release insecticide protects poultry from common pests LEXINGTON, Ky. , June 1, 2022 /PRNewswire/ -- Neogen® Corporation (NASDAQ: NEOG) announced today that it has added a new i...

Neogen® Launches Enhanced Quantitative Peanut ELISA Assay

New assay provides enhanced detection of high-priority peanut allergen in a wide variety of matrices LANSING, Mich. , May 18, 2022 /PRNewswire/ -- Neogen® Corporation (NASDAQ: NEOG) announced today that...

NEOGEN (NEOG) Introduces InfiniSEEK for Cattle Breeders

NEOGEN's (NEOG) recent launch enables simultaneous low-pass whole genome sequencing and high-coverage genotyping at regions of interest.

NEOGEN® and Gencove Launch InfiniSEEK™ -- The First Whole Genome and Genotyping Sequencing Solution for Cattle Breeders

InfiniSEEK's unique technology enables simultaneous low-pass whole genome sequencing and high-coverage genotyping at regions of interest.  LINCOLN, Neb.

NEOGEN INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of NEOG...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of NEOGEN Corporati...

Other symbols: MMM

NEOGEN and FOXO Technologies Combine on Epigenetic Research Project

The companies utilized data collected in the Physicians' Health Study to pioneer landmark research for longevity science LINCOLN, Neb. , April 29, 2022 /PRNewswire/ -- NEOGEN Corporation (NASDAQ: NEOG) ...

NEOGEN Genomics Earns CLIA Certificate of Compliance

Certification allows the global leader in high-throughput DNA testing to conduct human genome testing LINCOLN, Neb. , April 27, 2022 /PRNewswire/ -- NEOGEN Corporation (NASDAQ: NEOG) announced today tha...

NEOGEN (NEOG) Adds to Prozap Insect Control Product Line-up

NEOGEN's (NEOG) latest Prozap Protectus Pour-On Insecticide- IGR product relieves cattle from infestations.

NEOGEN Launches Prozap® Protectus Pour-On Insecticide - IGR

Unique combination of active ingredients provides beef producers a triple-action option for insect control LEXINGTON, Ky. , April 11, 2022 /PRNewswire/ -- NEOGEN Corporation (NASDAQ: NEOG) announced tod...

NEOGEN's Genetic Veterinary Sciences, Inc. Facility Earns ISO 17025 Accreditation

Prestigious accreditation demonstrates company's commitment to quality, competency, and reliability LINCOLN, Neb. , April 5, 2022 /PRNewswire/ -- NEOGEN Corporation (NASDAQ: NEOG) announced today that i...

Neogen's (NEOG) Q3 Earnings Miss Estimates, Margins Down

Robust segmental performance and contributions from the Soleris product line drive the top line for Neogen (NEOG) in third-quarter of fiscal 2022 results.

Here's Why Neogen Shares Are Falling

Neogen Corporation (NASDAQ: NEOG) shares are trading lower by 9.6% at $30.51 after the company reported worse-than-expected third-quarter EPS and sales results. Neogen reported quarterly earnings of 13 ...