Chemours (NYSE:CC) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.95-5.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.09.
Shares of Chemours (NYSE:CC) traded up $1.37 on Wednesday, hitting $49.01. The company had a trading volume of 1,949,483 shares, compared to its average volume of 1,700,469. The company has a quick ratio of 1.63, a current ratio of 2.19 and a debt-to-equity ratio of 5.07. Chemours has a one year low of $31.48 and a one year high of $58.08. The company has a market capitalization of $8,839.69, a price-to-earnings ratio of 33.80, a P/E/G ratio of 0.61 and a beta of 3.03.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from Chemours’s previous quarterly dividend of $0.03. Chemours’s payout ratio is currently 8.28%.
Several analysts have issued reports on the company. Zacks Investment Research lowered Chemours from a strong-buy rating to a hold rating in a report on Wednesday, October 18th. UBS Group boosted their price target on Chemours from $50.00 to $59.00 and gave the company a neutral rating in a report on Friday, November 3rd. Barclays boosted their price target on Chemours from $55.00 to $58.00 and gave the company an overweight rating in a report on Monday, November 6th. Morgan Stanley assumed coverage on Chemours in a report on Tuesday, January 30th. They set an equal weight rating and a $57.50 price target for the company. Finally, Goldman Sachs Group lowered Chemours from a buy rating to a neutral rating and set a $55.00 price target for the company. in a report on Wednesday, December 6th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Chemours currently has a consensus rating of Buy and a consensus target price of $57.85.
In other news, insider Christian W. Siemer sold 15,088 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $47.37, for a total value of $714,718.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.14% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Chemours (CC) Issues FY18 Earnings Guidance” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2018/02/14/chemours-cc-issues-fy18-earnings-guidance.html.
Chemours Company Profile
The Chemours Company is a provider of performance chemicals. The Company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Titanium Technologies segment is a producer of titanium dioxide (TiO2). The Fluoroproducts segment is a provider of fluoroproducts, including refrigerants and industrial fluoropolymer resins.
Receive News & Ratings for Chemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemours and related companies with MarketBeat.com's FREE daily email newsletter.