Chemours (NYSE:CC) Announces Quarterly Earnings Results

Chemours (NYSE:CC) posted its earnings results on Tuesday. The specialty chemicals company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01, Zacks reports. Chemours had a return on equity of 29.48% and a net margin of 1.34%.

Chemours Price Performance

Shares of CC opened at $16.80 on Tuesday. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 33.59 and a beta of 1.81. The stock has a 50 day moving average of $18.29 and a 200-day moving average of $18.97. The company has a current ratio of 1.73, a quick ratio of 0.92 and a debt-to-equity ratio of 6.05. Chemours has a 52 week low of $15.10 and a 52 week high of $29.83.

Analyst Ratings Changes

CC has been the topic of several research reports. The Goldman Sachs Group decreased their price objective on Chemours from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 target price on shares of Chemours in a report on Thursday, December 12th. Mizuho dropped their target price on Chemours from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Barclays lifted their price objective on Chemours from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley dropped their price objective on Chemours from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $24.11.

About Chemours

The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through three segments: Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. The Titanium Technologies segment provides TiO2 pigment under the Ti-Pure brand for delivering whiteness, brightness, opacity, durability, efficiency, and protection in various of applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride, laminate papers used for furniture and building materials, coated paper, and coated paperboard used for packaging.