Several brokerages have updated their recommendations and price targets on shares of Chemtura Corp. (NYSE: CHMT) in the last few weeks:
Shares of Chemtura Corp. (NYSE:CHMT) traded down 0.12% during mid-day trading on Friday, hitting $32.78. The stock had a trading volume of 839,086 shares. Chemtura Corp. has a 12-month low of $23.50 and a 12-month high of $32.99. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 61.85 and a beta of 1.67. The stock’s 50-day moving average price is $30.36 and its 200-day moving average price is $28.22.
Chemtura Corp. (NYSE:CHMT) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.06. Chemtura Corp. had a net margin of 2.06% and a return on equity of 11.99%. The firm earned $441 million during the quarter, compared to the consensus estimate of $440.06 million. During the same quarter in the prior year, the company earned $0.29 EPS. Chemtura Corp.’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities analysts anticipate that Chemtura Corp. will post $1.77 EPS for the current fiscal year.