$0.71 EPS Expected for Chemours Co (CC)

17 Juillet, 2017, 21:04 | Author: Claudine Rigal

A number of hedge funds have recently made changes to their positions in CC. Advisor Partners LLC increased its stake in Chemours Company (The) by 1.4% in the first quarter. Ropes Wealth Advisors LLC now owns 3,099 shares of the specialty chemicals company's stock worth $119,000 after buying an additional 1,400 shares during the period. Insiders sold a total of 46,725 shares of company stock worth $1,919,300 in the last quarter. Schroder Investment Management Group bought a new position in shares of Chemours Company (The) during the first quarter worth $156,000. Cypress Capital Management LLC WY now owns 4,196 shares of the specialty chemicals company's stock worth $162,000 after buying an additional 80 shares during the period.

The share price of the company (NYSE:CC) was up +2.85% during the last trading session, with a high of 43.13 and the volume of Chemours shares traded was 2152185.

Chemours Company (The) (NYSE:CC) last issued its earnings results on Monday, May 1st.

The current market capitalization of Chemours Company (NYSE:CC) stands at 8.12 Billion. The High end of the Estimate is $1.57 Billion, while the Low end of the Estimate is $1.47 Billion.

By historical standards, The Chemours Company (NYSE:CC) remains a cheap stock. The specialty chemicals company reported $0.75 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.50 by $0.25.

Talking about profitability of the company, the profit margin percentage is 1.91% while its operating margin for the trailing twelve month is at 10.74%. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.32 billion. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.93. Year to date is 5.89%, 13.03% over the last quarter, 10.47% for the past six months and 9.17% over the last 12 months. Equities research analysts predict that Chemours Company will post $3.31 EPS for the current year.

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The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 17th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.28%. The ex-dividend date was Monday, May 15th. The Chemours Company (NYSE:CC) is 46.65% above its 200-day moving average, providing a measure of resistance for long positions.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by BNB Daily and is owned by of BNB Daily. If you are viewing this news story on another website, it was stolen and republished in violation of United States & global copyright & trademark laws. Cypress Capital Management LLC WY boosted its stake in Chemours Company (The) by 1.9% in the first quarter. Citigroup Inc. reaffirmed a "neutral" rating and issued a $40.00 target price (up from $34.00) on shares of Chemours Company (The) in a research report on Friday, April 14th. ValuEngine raised shares of Chemours Company (The) from a "hold" rating to a "buy" rating in a research note on Friday, June 2nd. Susquehanna Bancshares Inc raised their price target on shares of Chemours Company (The) from $45.00 to $55.00 and gave the stock a "positive" rating in a research report on Monday, May 15th. Jefferies Group LLC raised Chemours Company (The) from a "hold" rating to a "buy" rating and lifted their price objective for the company from $35.00 to $48.00 in a research note on Wednesday, March 29th. Finally, BidaskClub lowered shares of Chemours Company (The) from a "buy" rating to a "hold" rating in a research note on Saturday, June 17th.

Several analysts have commented on the company.

A number of other hedge funds have also bought and sold shares of the stock. The stock was sold at an average price of $41.42, for a total value of $788,471.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard H. Brown purchased 2,500 shares of Chemours Company (The) stock in a transaction on Wednesday, May 3rd. The disclosure for this purchase can be found here. Vanguard Group Inc. now owns 18,773,273 shares of the specialty chemicals company's stock worth $722,771,000 after buying an additional 215,900 shares in the last quarter.

From another technical standpoint, The Chemours Company (NYSE:CC)'s 14-day Relative Strength Index (RSI) has reached 66.12, putting it inside a neutral zone. The Titanium Technologies segment is a producer of titanium dioxide (TiO2).

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