FY2017 Earnings Forecast for Cabot Microelectronics Corporation (CCMP) Issued By Seaport Global Securities

Cabot Microelectronics Corporation (NASDAQ:CCMP) – Seaport Global Securities increased their FY2017 earnings estimates for shares of Cabot Microelectronics Corporation in a report released on Wednesday. Seaport Global Securities analyst M. Harrison now anticipates that the semiconductor company will post earnings of $3.38 per share for the year, up from their previous estimate of $3.36. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Cabot Microelectronics Corporation’s Q4 2017 earnings at $0.88 EPS, Q1 2018 earnings at $0.91 EPS, Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $1.03 EPS, Q4 2018 earnings at $1.06 EPS and FY2018 earnings at $3.87 EPS.

Several other research analysts also recently issued reports on the company. Needham & Company LLC upgraded Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, June 27th. Zacks Investment Research upgraded Cabot Microelectronics Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. BidaskClub upgraded Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Loop Capital initiated coverage on Cabot Microelectronics Corporation in a research report on Thursday, September 28th. They set a “buy” rating and a $94.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $84.67.

WARNING: “FY2017 Earnings Forecast for Cabot Microelectronics Corporation (CCMP) Issued By Seaport Global Securities” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/19/fy2017-earnings-forecast-for-cabot-microelectronics-corporation-ccmp-issued-by-seaport-global-securities.html.

Shares of Cabot Microelectronics Corporation (NASDAQ CCMP) opened at 84.55 on Thursday. Cabot Microelectronics Corporation has a 52-week low of $50.66 and a 52-week high of $85.39. The stock has a 50 day moving average price of $76.89 and a 200-day moving average price of $75.32. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 26.37 and a beta of 1.47.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.03). Cabot Microelectronics Corporation had a net margin of 16.41% and a return on equity of 16.08%. The firm had revenue of $128.00 million for the quarter, compared to analyst estimates of $122.17 million. During the same period in the previous year, the company earned $0.79 EPS. Cabot Microelectronics Corporation’s revenue was up 18.4% compared to the same quarter last year.

Institutional investors have recently modified their holdings of the stock. Eagle Asset Management Inc. raised its position in shares of Cabot Microelectronics Corporation by 254.9% during the 2nd quarter. Eagle Asset Management Inc. now owns 146,483 shares of the semiconductor company’s stock worth $10,814,000 after purchasing an additional 105,214 shares during the last quarter. Vanguard Group Inc. grew its stake in Cabot Microelectronics Corporation by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 2,194,556 shares of the semiconductor company’s stock worth $168,125,000 after acquiring an additional 154,495 shares during the period. Arizona State Retirement System grew its stake in Cabot Microelectronics Corporation by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 13,157 shares of the semiconductor company’s stock worth $971,000 after acquiring an additional 100 shares during the period. PNC Financial Services Group Inc. grew its stake in Cabot Microelectronics Corporation by 15.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,587 shares of the semiconductor company’s stock worth $276,000 after acquiring an additional 486 shares during the period. Finally, Neuberger Berman Group LLC purchased a new stake in Cabot Microelectronics Corporation in the 2nd quarter worth approximately $36,933,000. Hedge funds and other institutional investors own 93.85% of the company’s stock.

In related news, Director Barbara A. Klein sold 12,502 shares of Cabot Microelectronics Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $71.69, for a total transaction of $896,268.38. Following the completion of the transaction, the director now directly owns 34,561 shares in the company, valued at approximately $2,477,678.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel D. Woodland sold 432 shares of Cabot Microelectronics Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $74.90, for a total value of $32,356.80. Following the transaction, the vice president now owns 17,588 shares of the company’s stock, valued at $1,317,341.20. The disclosure for this sale can be found here. Insiders have sold a total of 24,740 shares of company stock valued at $1,799,554 over the last 90 days. Insiders own 5.50% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Monday, September 25th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 0.94%. Cabot Microelectronics Corporation’s dividend payout ratio is currently 25.08%.

About Cabot Microelectronics Corporation

Cabot Microelectronics Corporation supplies polishing slurries and pads used in the manufacture of integrated circuit (IC) devices within th

Cabot Microelectronics Corporation (NASDAQ:CCMP) – Seaport Global Securities increased their FY2017 earnings estimates for shares of Cabot Microelectronics Corporation in a report released on Wednesday. Seaport Global Securities analyst M. Harrison now anticipates that the semiconductor company will post earnings of $3.38 per share for the year, up from their previous estimate of $3.36. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Cabot Microelectronics Corporation’s Q4 2017 earnings at $0.88 EPS, Q1 2018 earnings at $0.91 EPS, Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $1.03 EPS, Q4 2018 earnings at $1.06 EPS and FY2018 earnings at $3.87 EPS.

Several other research analysts also recently issued reports on the company. Needham & Company LLC upgraded Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, June 27th. Zacks Investment Research upgraded Cabot Microelectronics Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. BidaskClub upgraded Cabot Microelectronics Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Loop Capital initiated coverage on Cabot Microelectronics Corporation in a research report on Thursday, September 28th. They set a “buy” rating and a $94.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $84.67.

WARNING: “FY2017 Earnings Forecast for Cabot Microelectronics Corporation (CCMP) Issued By Seaport Global Securities” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/19/fy2017-earnings-forecast-for-cabot-microelectronics-corporation-ccmp-issued-by-seaport-global-securities.html.

Shares of Cabot Microelectronics Corporation (NASDAQ CCMP) opened at 84.55 on Thursday. Cabot Microelectronics Corporation has a 52-week low of $50.66 and a 52-week high of $85.39. The stock has a 50 day moving average price of $76.89 and a 200-day moving average price of $75.32. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 26.37 and a beta of 1.47.

Cabot Microelectronics Corporation (NASDAQ:CCMP) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.03). Cabot Microelectronics Corporation had a net margin of 16.41% and a return on equity of 16.08%. The firm had revenue of $128.00 million for the quarter, compared to analyst estimates of $122.17 million. During the same period in the previous year, the company earned $0.79 EPS. Cabot Microelectronics Corporation’s revenue was up 18.4% compared to the same quarter last year.

Institutional investors have recently modified their holdings of the stock. Eagle Asset Management Inc. raised its position in shares of Cabot Microelectronics Corporation by 254.9% during the 2nd quarter. Eagle Asset Management Inc. now owns 146,483 shares of the semiconductor company’s stock worth $10,814,000 after purchasing an additional 105,214 shares during the last quarter. Vanguard Group Inc. grew its stake in Cabot Microelectronics Corporation by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 2,194,556 shares of the semiconductor company’s stock worth $168,125,000 after acquiring an additional 154,495 shares during the period. Arizona State Retirement System grew its stake in Cabot Microelectronics Corporation by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 13,157 shares of the semiconductor company’s stock worth $971,000 after acquiring an additional 100 shares during the period. PNC Financial Services Group Inc. grew its stake in Cabot Microelectronics Corporation by 15.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,587 shares of the semiconductor company’s stock worth $276,000 after acquiring an additional 486 shares during the period. Finally, Neuberger Berman Group LLC purchased a new stake in Cabot Microelectronics Corporation in the 2nd quarter worth approximately $36,933,000. Hedge funds and other institutional investors own 93.85% of the company’s stock.

In related news, Director Barbara A. Klein sold 12,502 shares of Cabot Microelectronics Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $71.69, for a total transaction of $896,268.38. Following the completion of the transaction, the director now directly owns 34,561 shares in the company, valued at approximately $2,477,678.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel D. Woodland sold 432 shares of Cabot Microelectronics Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $74.90, for a total value of $32,356.80. Following the transaction, the vice president now owns 17,588 shares of the company’s stock, valued at $1,317,341.20. The disclosure for this sale can be found here. Insiders have sold a total of 24,740 shares of company stock valued at $1,799,554 over the last 90 days. Insiders own 5.50% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Monday, September 25th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, September 22nd. This represents a $0.80 annualized dividend and a dividend yield of 0.94%. Cabot Microelectronics Corporation’s dividend payout ratio is currently 25.08%.

About Cabot Microelectronics Corporation

Cabot Microelectronics Corporation supplies polishing slurries and pads used in the manufacture of integrated circuit (IC) devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP). The Company is engaged in the development, manufacture and sale of CMP consumables.

Earnings History and Estimates for Cabot Microelectronics Corporation (NASDAQ:CCMP)

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