ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) Announces Earnings Results

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) posted its earnings results on Tuesday. The medical instruments supplier reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.11, Briefing.com reports. The company had revenue of $257.20 million during the quarter, compared to the consensus estimate of $255.51 million. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the company posted $0.62 EPS.

ProShares UltraShort DJ-UBS Commodity stock opened at $75.23 on Friday. ProShares UltraShort DJ-UBS Commodity has a 52-week low of $63.47 and a 52-week high of $93.87. The firm has a 50 day moving average price of $74.06 and a two-hundred day moving average price of $78.57.

A number of research analysts have recently commented on CMD shares. Zacks Investment Research cut shares of ProShares UltraShort DJ-UBS Commodity from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Needham & Company LLC reissued a “buy” rating and issued a $94.00 target price on shares of ProShares UltraShort DJ-UBS Commodity in a report on Tuesday. Finally, Raymond James reissued a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a report on Tuesday, September 24th.

In other ProShares UltraShort DJ-UBS Commodity news, Chairman Charles M. Diker sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $70.86, for a total transaction of $283,440.00. Following the completion of the transaction, the chairman now owns 3,016,708 shares in the company, valued at approximately $213,763,928.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 14.90% of the stock is currently owned by company insiders.

ProShares UltraShort DJ-UBS Commodity Company Profile

ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.

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Earnings History for ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD)

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