Competitive Pressure, Macroeconomic Woes Weigh on NEOG Stock [Yahoo! Finance]
Neogen Corporation (NEOG)
Last neogen corporation earnings: 3/24 08:45 am
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US:NASDAQ Investor Relations:
neogen.com/en/investor-information
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Source: Yahoo! Finance
NEOG stock currently carries a Zacks Rank #4 (Sell). The current macroeconomic environment has affected Neogen's financial operations. Governments and insurance companies continue to look for ways to contain the rising cost of healthcare. This puts pressure on players in the healthcare industry, with Neogen being no exception. Although the company is gradually coming out of the impact of the two-and-a-half-year-long healthcare crisis, deteriorating international trade, with global inflationary pressure leading to a tough situation related to raw material and labor cost as well as freight charges and high interest rate, have put the medical device space in a tight spot. Given sustained macroeconomic pressure, the company may struggle to keep its cost of revenues and operating expenses in check. In the fiscal first quarter of 2025, administrative expenses increased 14.5% from the prior-year quarter's level to $51.7 million. Also, operating costs rose 5.2% year over year to $102.7 mi
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NEOG
News
- Neogen Co. (NASDAQ: NEOG) is now covered by analysts at Guggenheim. They set a "buy" rating and a $15.00 price target on the stock.MarketBeat
- Neogen® Announces Second-Quarter Earnings Release Date [Yahoo! Finance]Yahoo! Finance
- Neogen® Announces Second-Quarter Earnings Release DatePR Newswire
- Neogen® Launches Petrifilm® Bacillus cereus Count Plate to Enhance Food Safety Testing Efficiency [Yahoo! Finance]Yahoo! Finance
- Neogen® Launches Petrifilm® Bacillus cereus Count Plate to Enhance Food Safety Testing EfficiencyPR Newswire
NEOG
Earnings
- 10/10/24 - Miss
NEOG
Sec Filings
- 12/17/24 - Form 8-K/A
- 12/4/24 - Form 8-K
- 12/2/24 - Form 4
- NEOG's page on the SEC website