Rockwood Holdings (ROC) Releases Quarterly Earnings Results
Rockwood Holdings (NYSE:ROC) issued its quarterly earnings data on Wednesday. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.13, AnalystRatingsNetwork.com reports. The company had revenue of $362.30 million for the quarter, compared to the consensus estimate of $370.03 million.
A number of analysts have recently weighed in on ROC shares. Analysts at Goldman Sachs upgraded shares of Rockwood Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, August 1st. They now have a $89.00 price target on the stock. On the ratings front, analysts at Zacks upgraded shares of Rockwood Holdings from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 4th. They now have a $76.60 price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Rockwood Holdings in a research note on Thursday, May 8th. They now have a $89.00 price target on the stock, down previously from $90.00. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $81.60.
Shares of Rockwood Holdings (NYSE:ROC) opened at 80.12 on Wednesday. Rockwood Holdings has a 1-year low of $62.37 and a 1-year high of $86.18. The stock’s 50-day moving average is $78.53 and its 200-day moving average is $74.90. The company has a market cap of $5.813 billion and a P/E ratio of 3.76.
Rockwood Holdings, Inc (NYSE:ROC) is a developer, manufacturer and marketer of specialty chemicals and advanced materials used for industrial and commercial purposes.
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