Media coverage about Chemtura Corp (NYSE:CHMT) has been trending somewhat positive this week, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chemtura Corp earned a news sentiment score of 0.16 on Alpha One’s scale. Alpha One also assigned headlines about the specialty chemicals company an impact score of 90 out of 100, meaning that recent media coverage is very likely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Alpha One Sentiment’s rankings:
- Zacks: Analysts Expect Chemtura Corp (CHMT) Will Post Quarterly Sales of $414.5 Million (americanbankingnews.com)
- $0.49 EPS Expected for Chemtura Corp (CHMT) This Quarter (americanbankingnews.com)
- Chemtura Corp (CHMT) Earns News Sentiment Rating of 0.26 (americanbankingnews.com)
- What You Must Know About Chemtura Corporation’s (CHMT) Financial Health (simplywall.st)
Separately, Zacks Investment Research downgraded Chemtura Corp from a “hold” rating to a “sell” rating in a research note on Thursday, January 5th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $34.25.
Chemtura Corp (NYSE:CHMT) remained flat at $33.50 during midday trading on Thursday. 649,252 shares of the company traded hands. Chemtura Corp has a 12-month low of $24.61 and a 12-month high of $33.55. The stock’s market cap is $2.12 billion. The stock has a 50 day moving average of $33.30 and a 200 day moving average of $33.10.
Chemtura Corp (NYSE:CHMT) last released its quarterly earnings results on Wednesday, February 22nd. The specialty chemicals company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.07. Chemtura Corp had a net margin of 1.74% and a return on equity of 12.15%. The company had revenue of $385 million for the quarter, compared to the consensus estimate of $386.47 million. During the same period last year, the company earned $0.44 earnings per share. Chemtura Corp’s revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts forecast that Chemtura Corp will post $2.04 EPS for the current year.
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About Chemtura Corp
Chemtura Corporation is a chemical company. The Company is engaged in developing, manufacturing and marketing of engineered industrial specialty chemicals. The Company’s products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates. The Company’s segments are Industrial Performance Products and Industrial Engineered Products.
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