Cabot Microelectronics (NASDAQ:CCMP) Announces Earnings Results, Beats Estimates By $0.05 EPS
Cabot Microelectronics (NASDAQ:CCMP) posted its quarterly earnings data on Sunday. The semiconductor company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.05, Bloomberg Earnings reports. The business had revenue of $278.65 million for the quarter, compared to analysts’ expectations of $278.90 million. Cabot Microelectronics had a return on equity of 21.77% and a net margin of 11.76%.
Shares of CCMP traded up $2.87 during mid-day trading on Tuesday, reaching $135.46. The company had a trading volume of 42,743 shares, compared to its average volume of 214,056. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.12 and a current ratio of 3.06. The firm has a 50-day moving average price of $147.43 and a 200 day moving average price of $124.49. Cabot Microelectronics has a 52 week low of $82.24 and a 52 week high of $160.81. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 25.91 and a beta of 1.36.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Wednesday, October 9th were given a dividend of $0.42 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.68 annualized dividend and a yield of 1.24%. Cabot Microelectronics’s payout ratio is 32.18%.
In other news, Director Barbara A. Klein sold 5,196 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $123.38, for a total value of $641,082.48. Following the sale, the director now directly owns 34,808 shares of the company’s stock, valued at approximately $4,294,611.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.
Cabot Microelectronics Company Profile
Cabot Microelectronics Corp. engages in the development, manufacture, and sale of chemical mechanical planarization consumables products. The firm offers chemical mechanical planarization slurries for polishing many of the conducting, insulating and isolating materials used in integrated circuit devices, and for polishing the disk substrates and magnetic heads used in hard disk drives.
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