ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) Issues Earnings Results, Beats Estimates By $0.11 EPS

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) issued its quarterly earnings results on Tuesday. The medical instruments supplier reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.11, Briefing.com reports. The company had revenue of $257.20 million for the quarter, compared to the consensus estimate of $255.51 million. ProShares UltraShort DJ-UBS Commodity’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 earnings per share.

ProShares UltraShort DJ-UBS Commodity stock opened at $73.95 on Wednesday. ProShares UltraShort DJ-UBS Commodity has a 52-week low of $63.47 and a 52-week high of $93.87. The business has a 50-day simple moving average of $73.92 and a two-hundred day simple moving average of $78.52.

In related news, Chairman Charles M. Diker sold 4,000 shares of the business’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 sale, the chairman now directly owns 3,016,708 shares in the company, valued at $213,763,928.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 14.90% of the stock is owned by corporate insiders.

Several research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $94.00 target price on shares of ProShares UltraShort DJ-UBS Commodity in a report on Tuesday. Zacks Investment Research downgraded shares of ProShares UltraShort DJ-UBS Commodity from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Finally, Raymond James reiterated a “hold” rating on shares of ProShares UltraShort DJ-UBS Commodity in a report on Tuesday, September 24th.

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.

Further Reading: What are benefits of a growth and income fund?

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

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