Cabot Microelectronics (NASDAQ:CCMP) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, January 25th. Analysts expect the company to announce earnings of $0.91 per share for the quarter.
Cabot Microelectronics (NASDAQ:CCMP) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.20. Cabot Microelectronics had a net margin of 17.10% and a return on equity of 16.27%. The company had revenue of $136.80 million during the quarter, compared to the consensus estimate of $132.18 million. During the same quarter in the prior year, the firm earned $0.91 EPS. Cabot Microelectronics’s quarterly revenue was up 11.5% on a year-over-year basis. On average, analysts expect Cabot Microelectronics to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of Cabot Microelectronics (NASDAQ CCMP) opened at $100.34 on Thursday. Cabot Microelectronics has a one year low of $63.09 and a one year high of $102.92. The company has a quick ratio of 5.25, a current ratio of 6.04 and a debt-to-equity ratio of 0.22. The firm has a market cap of $2,540.00, a P/E ratio of 29.69 and a beta of 1.43.
Several analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of Cabot Microelectronics in a research note on Thursday, September 28th. They issued a “buy” rating and a $94.00 price target for the company. BidaskClub raised shares of Cabot Microelectronics from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Zacks Investment Research cut shares of Cabot Microelectronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 1st. Finally, Citigroup increased their price target on shares of Cabot Microelectronics from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $99.75.
In related news, VP Bernstein H. Carol Eckstein sold 905 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $91.94, for a total transaction of $83,205.70. Following the completion of the transaction, the vice president now owns 54,150 shares of the company’s stock, valued at approximately $4,978,551. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Yumiko Damashek sold 2,925 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $95.13, for a total transaction of $278,255.25. Following the transaction, the vice president now directly owns 31,670 shares of the company’s stock, valued at approximately $3,012,767.10. The disclosure for this sale can be found here. In the last three months, insiders sold 73,699 shares of company stock valued at $7,111,751. Corporate insiders own 5.50% of the company’s stock.
Cabot Microelectronics Company Profile
Cabot Microelectronics Corporation supplies polishing slurries and pads used in the manufacture of integrated circuit (IC) devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP). The Company is engaged in the development, manufacture and sale of CMP consumables.
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