Chemtura Corp (CHMT) Scheduled to Post Earnings on Wednesday
Chemtura Corp (NYSE:CHMT) will release its Q114 earnings data on Wednesday, April 30th. Analysts expect Chemtura Corp to post earnings of $0.17 per share and revenue of $554.72 million for the quarter.
Chemtura Corp (NYSE:CHMT) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The company had revenue of $544.00 million for the quarter, compared to the consensus estimate of $533.53 million. On average, analysts expect Chemtura Corp to post $1.19 EPS for the current fiscal year and $1.57 EPS for the next fiscal year.
Chemtura Corp (NYSE:CHMT) traded up 1.31% during mid-day trading on Tuesday, hitting $22.43. The stock had a trading volume of 816,336 shares. Chemtura Corp has a 1-year low of $20.10 and a 1-year high of $28.17. The stock has a 50-day moving average of $24.96 and a 200-day moving average of $25.25. The company’s market cap is $2.164 billion.
CHMT has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Chemtura Corp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 12th. They now have a $26.60 price target on the stock. On the ratings front, analysts at Ned Davis Research upgraded shares of Chemtura Corp from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Chemtura Corp presently has an average rating of “Hold” and a consensus price target of $29.40.
Chemtura Corporation (NYSE:CHMT) is a diversified global developer, manufacturer and marketer of performance-driven engineered specialty chemicals.
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