Cabot Microelectronics (CCMP) Set to Announce Quarterly Earnings on Wednesday

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Cabot Microelectronics (NASDAQ:CCMP) will be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Cabot Microelectronics to post earnings of $1.60 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Cabot Microelectronics (NASDAQ:CCMP) last announced its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported $1.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.06). The business had revenue of $265.39 million during the quarter, compared to the consensus estimate of $273.30 million. Cabot Microelectronics had a net margin of 15.61% and a return on equity of 20.79%. On average, analysts expect Cabot Microelectronics to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of Cabot Microelectronics stock opened at $110.31 on Tuesday. The firm has a fifty day simple moving average of $113.11. The company has a market cap of $3.37 billion, a P/E ratio of 21.13 and a beta of 1.39. The company has a quick ratio of 2.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.96. Cabot Microelectronics has a 52 week low of $82.24 and a 52 week high of $129.94.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Tuesday, June 25th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.52%. The ex-dividend date was Monday, June 24th. Cabot Microelectronics’s dividend payout ratio (DPR) is presently 32.18%.

CCMP has been the topic of a number of recent research reports. Zacks Investment Research raised Cabot Microelectronics from a “sell” rating to a “hold” rating in a research report on Monday, July 22nd. CL King initiated coverage on Cabot Microelectronics in a research report on Monday, July 8th. They set a “buy” rating and a $125.00 price target on the stock. Goldman Sachs Group initiated coverage on Cabot Microelectronics in a research report on Monday, July 8th. They set a “buy” rating and a $148.00 price target on the stock. Finally, BidaskClub downgraded Cabot Microelectronics from a “buy” rating to a “hold” rating in a research report on Saturday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Cabot Microelectronics currently has an average rating of “Buy” and a consensus price target of $129.20.

In other news, Director Barbara A. Klein sold 3,000 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $108.28, for a total transaction of $324,840.00. Following the transaction, the director now owns 26,104 shares of the company’s stock, valued at approximately $2,826,541.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by corporate insiders.

About Cabot Microelectronics

Cabot Microelectronics Corp. engages in the development, manufacture, and sale of chemical mechanical planarization consumables products. The firm offers chemical mechanical planarization slurries for polishing many of the conducting, insulating and isolating materials used in integrated circuit devices, and for polishing the disk substrates and magnetic heads used in hard disk drives.

Further Reading: How to calculate the intrinsic value of a stock

Earnings History for Cabot Microelectronics (NASDAQ:CCMP)

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