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According to data from Zacks Investment Research, analysts expect CMC Materials, Inc. (NASDAQ: CCMP) to announce sales of $310.5 million for the quarter. The two analysts provided estimates of CMC Materials' earnings, which ranged from 305 million U.S. dollars to 315 million U.S. dollars. CMC Materials reported that sales in the same period last year were US$274.1 million, an increase of 13.2% year-on-year. The company plans to release its next quarterly earnings results after the market closes on Wednesday, November 10.

According to Zacks, analysts expect CMC Materials to report full-year sales of US$1.2 billion for the current fiscal year. Analysts predict that in the next fiscal year, sales of this business will reach 1.25 billion U.S. dollars. Zacks Investment Research’s sales averages are based on averages from a survey of seller research companies that track CMC Materials.

CMC Materials (NASDAQ: CCMP) last released its quarterly earnings results on Tuesday, August 3. The semiconductor company reported earnings per share of US$1.86 for the quarter, which was lower than the consensus estimate of US$2.00 (US$0.14). The company's revenue for the quarter was 309.52 million U.S. dollars, while analysts estimated it was 308.54 million U.S. dollars. CMC Materials' return on equity was 21.41%, and its net profit margin was negative 4.11%. Revenue from this business increased by 12.7% year-on-year. In the same period last year, the company reported earnings per share of $1.80.

Many stock analysts have published reports on CCMP stock. In its research report on Wednesday, September 15th, Wolfe Research upgraded CMC Materials from an "underperformance" rating to a "market performance" rating. Mizuho reported on CMC Materials for the first time in a research report on Tuesday, October 12. They set a "buy" rating and a price target of $152.00 for the company. Finally, Zacks Investment Research upgraded CMC Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, October 11. Two analysts gave the stock a sell rating, three analysts issued a hold rating, and five analysts gave the stock a buy rating. According to MarketBeat's data, the current average rating of the stock is "Hold" and the consensus target price is $164.30.

CMC Materials stock opened at $129.70 on Thursday. The 50-day moving average price of the stock is $126.41, and its 200-day moving average price is $147.00. CMC Materials has a one-year low of US$119.19 and a one-year high of US$198.60. The company's market capitalization is US$3.79 billion, a P/E ratio of -77.20, and a beta of 1.09. The company's debt-to-equity ratio is 0.92, quick ratio is 2.17, and current ratio is 3.03.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 5. Shareholders on Wednesday, October 13th will receive a dividend of $0.46. The ex-dividend date for this dividend is Tuesday, October 12th. This means that the annualized dividend is $1.84 and the dividend yield is 1.42%. CMC Materials' payout ratio is 24.63%.

Several large investors have recently increased or reduced their holdings in CCMP. The Keybank National Association OH increased its CMC Materials holdings by 6.0% in the second quarter. After purchasing another 90 shares during this period, Keybank National Association OH now owns 1,590 shares of the semiconductor company, valued at $240,000. Rockefeller Capital Management LP increased its CMC Materials holdings by 152.8% in the second quarter. After Rockefeller Capital Management LP purchased an additional 136 shares during this period, it now owns 225 shares of the semiconductor company, valued at $33,000. Eaton Vance Management increased its CMC Materials holdings by 5.4% in the first quarter. Eaton Vance Management Co., after purchasing an additional 137 shares during this period, now owns 2,674 shares of the semiconductor company, valued at $473,000. Thrivent Financial for Lutherans increased its CMC Materials holdings by 1.8% in the first quarter. During this period, Lutheran Thrivent Financial, after purchasing 140 shares, now owns 7,754 shares of the semiconductor company, valued at $1,371,000. Finally, the California Teacher Retirement System increased its CMC Materials holdings by 0.3% in the first quarter. After purchasing another 141 shares during this period, the California State Teacher’s Retirement System now owns 46,888 shares of the semiconductor company, valued at $8,289,000. 94.80% of the stocks are held by institutional investors.

CMC Materials, Inc is engaged in the development, manufacturing and sales of chemical mechanical planarization consumables products. It operates through the following divisions: electronic materials and performance materials. The electronic materials division includes CMP slurry and polishing pad business and KMG electronic chemicals business.

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