NEOG · NASDAQ · Medical - Devices

Neogen (NEOG)

Maker of food-safety diagnostics, hygiene systems, and animal-care products.

$14.05
vs last close+0.44 (+3.20%)
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Neogen CorporationNEOG
Health Care

Sells food and feed testing consumables, culture media, hygiene-monitoring systems, instruments, and analytics software, alongside veterinary, diagnostic, and pest-control products. Food Safety generates most revenue, international customers contribute slightly more than half of sales, and the global genomics-services business is under agreement to be sold.

Develops and manufactures food and animal safety products through two reporting segments. Food Safety supplies mostly single-use tests, culture media, hygiene-monitoring systems, instruments, and analytics software for detecting pathogens, spoilage organisms, allergens, natural toxins, and sanitation failures. Animal Safety sells veterinary instruments and disposables, pharmaceuticals, vaccines, parasiticides, diagnostics, and rodent and insect control products, while its global genomics-services business remains under agreement to be sold to Zoetis.

Generates most revenue from Food Safety and slightly more than half of sales outside the United States. Its recurring workflow pairs proprietary assays and consumables with readers, software, training, and technical support. Operations depend on regulated product approvals and validations, third-party instrument suppliers, and completion of the Petrifilm manufacturing transfer from 3M to Lansing.

Company facts

CEOMikhael Nassif
ListedAug 23, 1989
ExchangeNASDAQ
HeadquartersLansing, MI
CountryUnited States
Employees2,636
CIK0000711377
ISINUS6404911066

Market cap$2.97B
EPS (ttm)−$0.0332
P/E (ttm)−409.94
ROE-0.4%
P/B1.42
P/S3.41
Dividend yieldDiv yield
Beta1.54vs XLV 0.29

Price target$13.00−4.5%Average of 11 analysts
ConsensusBuy5 of 11 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 26, 2026Piper SandlerUpgrade
Rating: Neutral
Rating: Overweight
Aug 3, 2026Piper SandlerReiterate
Rating: Target: $10
Rating: NeutralTarget: $13
Jan 12, 2026Piper SandlerReiterate
Rating: Target: $6.50
Rating: NeutralTarget: $10
Jan 9, 2026GuggenheimReiterate
Rating: Target:
Rating: BuyTarget: $12
Dec 10, 2025CJS SecuritiesUpgrade
Rating: Market Perform
Rating: Market Outperform

Next report
Oct 6, 26
in 14 days
EPS estimate
$0.05
Revenue estimate
$207.9M
Fiscal quarter
Q1 FY27

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported−$2.10−$0.05−$2.82$0.04$0.10$0.09$0.09Pending
Estimate$0.09$0.13$0.08−$0.07$0.07$0.04$0.06$0.05
Surprise−2,433.3%−138.5%−3,625.0%+154.1%+42.9%+125.0%+58.8%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$231.3M$221.0M$225.5M$209.2M$224.7M$211.2M$225.3MPending
Estimate$228.3M$224.1M$221.9M$203.1M$207.7M$204.5M$212.4M$207.9M
Surprise+1.3%−1.4%+1.6%+3.0%+8.2%+3.3%+6.1%
Estimate$0.05
ReportedDue Oct 6, 2026
Estimate$207.9M
ReportedDue Oct 6, 2026
View details

Debt to equity37.90%
Current ratio382.20%

ProfitabilityRevenueNet incomeNet margin

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue$217.0M$231.3M$221.0M$225.5M$209.2M$224.7M$211.2M$225.3M
Net income−$12.6M−$456.3M−$11.0M−$612.2M$36.3M−$15.9M−$17.0M−$11.3M
Net margin0.0%0.0%0.0%0.0%17.4%0.0%0.0%0.0%

GrowthOperating income

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Operating income$8.7M$17.1M$12.0M−$13.3M−$16.1M−$5.4M−$3.3M$3.1M
YoY growth−54.7%+18.0%+2.5%Turned lossTurned lossTurned lossTurned lossTurned profit

Balance sheet, May 31, 2026Cash & short-term investments $185.5M · Total debt $793.3M · Total assets $3.35B · Shareholders' equity $2.09B

Revenue
$225.3M
Operating income
$3.1M
Net income
−$11.3M
View details

No dividends on record.

Institutions110.26%240.42M shares
325 holders · as of Jun 30, 2026
Insiders0.59%1.28M shares
20 holders · as of Aug 14, 2026
Adds to110.85%

218.06M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 110.85%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
15.33%33.43Mas of Jun 30, 2026
Neuberger Berman Group LLCInstitution
7.60%16.57Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
5.98%13.04Mas of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
4.51%9.83Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.43%9.66Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 4, 2026Mikheal Nassifdirector, officer: CEO+370$11.81
Feb 17, 2026Mikheal Nassifdirector, officer: CEO+23$10.94
Jan 26, 2026Mikheal Nassifdirector, officer: CEO+25$9.86
Feb 2, 2026Mikheal Nassifdirector, officer: CEO+24$10.00
Jan 16, 2026Mikheal Nassifdirector, officer: CEO+137$9.33
View details

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