ProShares UltraShort DJ-UBS Commodity (CMD) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) released its quarterly earnings results on Thursday. The medical instruments supplier reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02, Briefing.com reports. The business had revenue of $225.60 million during the quarter, compared to the consensus estimate of $227.50 million. During the same period in the previous year, the company posted $0.57 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year.

Shares of CMD stock opened at $86.05 on Friday. ProShares UltraShort DJ-UBS Commodity has a fifty-two week low of $77.59 and a fifty-two week high of $130.92.

In related news, EVP Eric W. Nodiff sold 2,906 shares of the firm’s stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $92.91, for a total transaction of $269,996.46. Following the completion of the transaction, the executive vice president now owns 34,451 shares of the company’s stock, valued at $3,200,842.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 14.90% of the company’s stock.



CMD has been the subject of several recent analyst reports. Zacks Investment Research raised ProShares UltraShort DJ-UBS Commodity from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Raymond James decreased their price target on ProShares UltraShort DJ-UBS Commodity from $115.00 to $108.00 and set an “outperform” rating for the company in a research note on Friday, September 28th. Finally, Sidoti set a $120.00 price target on ProShares UltraShort DJ-UBS Commodity and gave the stock a “buy” rating in a research note on Friday, September 28th.

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About ProShares UltraShort DJ-UBS Commodity

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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