The Chemours Company (NYSE:CC) is set to announce third quarter earning results on Tuesday 3rd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CC to report 3Q20 income of $ 0.33 per share.
For the full year, analysts anticipate top line of $ 4831.37 million, while looking forward to income of $ 1.58 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.60 ~ $ 3.55 per share
Click Here For More Historical Outlooks Of The Chemours Company
Previous Quarter Performance
The Chemours Company unveiled income for the second quarter of $ 0.18 per share, from the revenue of $ 1,093.00 million. The quarterly earnings reduced 75.00 percent while revenues dropped 22.37 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.10 per share from $ 1086.84 million in revenue. The bottom line results beat street analysts by $ 0.08 or 80.00 percent, at the same time, top line results outshined analysts by $ 6.16 million or 0.57 percent.
Stock Performance
Shares of The Chemours Company traded up $ 0.74 or 3.67 percent on Monday, reaching $ 20.88 with volume of 1.11 million shares. The Chemours Company has traded high as $ 21.18 and has cracked $ 20.29 on the downward trend
The closing price of $ 20.88, representing a 186.89 % increase from the 52 week low of $ 7.02 and a 15.8 % decrease over the 52 week high of $ 23.92.
The company has a market capital of $ 3.43 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.25 per share on July 29, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on August 17, 2020 and ex-dividend date on August 14, 2020.
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: Fluoroproducts, Chemical Solutions, and Titanium Technologies. The Fluoroproducts segment offers fluorochemicals, including refrigerants, industrial coolers, air conditionings, foam blowing agents, propellants, and fire suppression products under the Freon and Opteon brand names; and fluoropolymers, such as industrial resins, specialty products, and coatings under the Teflon, Viton, Krytox, and Nafion brands.
