Chemours (NYSE:CC) Posts Earnings Results, Beats Expectations By $0.01 EPS

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

Chemours Stock Performance

CC opened at $16.80 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.73 and a debt-to-equity ratio of 6.05. Chemours has a 12-month low of $15.10 and a 12-month high of $29.83. The business has a 50 day moving average of $18.29 and a 200-day moving average of $18.97. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 33.59 and a beta of 1.81.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays boosted their price target on Chemours from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Morgan Stanley cut their target price on Chemours from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Truist Financial initiated coverage on shares of Chemours in a research note on Tuesday, January 28th. They set a “buy” rating and a $27.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 price objective on shares of Chemours in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group lowered their price target on shares of Chemours from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Chemours currently has a consensus rating of “Hold” and a consensus price target of $24.11.

Chemours Company Profile

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.