Cabot Microelectronics Corp. (CCMP) Scheduled to Post Earnings on Tuesday
Cabot Microelectronics Corp. (NASDAQ:CCMP) is set to release its Q413 earnings data on Tuesday, October 29th. Analysts expect Cabot Microelectronics Corp. to post earnings of $0.60 per share and revenue of $112.20 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Cabot Microelectronics Corp. (NASDAQ:CCMP) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $110.00 million for the quarter, compared to the consensus estimate of $115.93 million. During the same quarter last year, the company posted $0.55 earnings per share. Cabot Microelectronics Corp.’s revenue was down 4.9% compared to the same quarter last year. On average, analysts expect Cabot Microelectronics Corp. to post $2.11 EPS for the current fiscal year and $2.34 EPS for the next fiscal year.
Shares of Cabot Microelectronics Corp. (NASDAQ:CCMP) opened at 38.97 on Monday. Cabot Microelectronics Corp. has a 52 week low of $28.35 and a 52 week high of $38.45. The stock has a 50-day moving average of $36.9 and a 200-day moving average of $35.16. The company has a market cap of $894.4 million and a price-to-earnings ratio of 19.84.
A number of analysts have recently weighed in on CCMP shares. Analysts at Sidoti downgraded shares of Cabot Microelectronics Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, October 21st. Analysts at Topeka Capital Markets upgraded shares of Cabot Microelectronics Corp. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 14th. They now have a $44.00 price target on the stock, up previously from $38.50.
Cabot Microelectronics Corporation (NASDAQ:CCMP) is the supplier of polishing slurries and a CMP pad supplier used in the manufacture of advanced integrated circuit (IC) devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP).
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