Equities analysts expect Calgon Carbon Co. (NYSE:CCC) to report $158.53 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Calgon Carbon’s earnings. The highest sales estimate is $161 million and the lowest is $155.6 million. Calgon Carbon posted sales of $132.6 million in the same quarter last year, which suggests a positive year over year growth rate of 19.6%. The business is scheduled to issue its next quarterly earnings report on Friday, August 4th.
According to Zacks, analysts expect that Calgon Carbon will report full year sales of $158.53 million for the current fiscal year, with estimates ranging from $625 million to $625.3 million. For the next fiscal year, analysts expect that the business will report sales of $667 million per share, with estimates ranging from $660 million to $675 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Calgon Carbon.
Calgon Carbon (NYSE:CCC) last released its earnings results on Tuesday, May 9th. The industrial products company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. Calgon Carbon had a net margin of 5.41% and a return on equity of 6.93%. The business had revenue of $142.70 million for the quarter, compared to analyst estimates of $143.03 million. During the same period last year, the company posted $0.11 EPS. The business’s revenue was up 18.7% on a year-over-year basis.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Calgon Carbon from a “strong sell” rating to a “hold” rating in a research note on Monday, May 1st. Roth Capital set a $16.00 price objective on shares of Calgon Carbon and gave the company a “hold” rating in a research note on Saturday, April 1st. Robert W. Baird reissued an “outperform” rating and set a $19.00 price objective on shares of Calgon Carbon in a research note on Monday, February 27th. Finally, TheStreet downgraded shares of Calgon Carbon from a “b-” rating to a “c+” rating in a research note on Thursday, January 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $18.20.
Calgon Carbon (NYSE:CCC) traded up 0.72% on Wednesday, reaching $13.95. 21,151 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $14.02 and a 200-day moving average of $15.69. The company has a market cap of $706.50 million, a P/E ratio of 51.67 and a beta of 1.10. Calgon Carbon has a 12-month low of $12.70 and a 12-month high of $18.80.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Monday, June 5th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, June 1st. Calgon Carbon’s payout ratio is 37.04%.
Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in shares of Calgon Carbon by 10.7% in the first quarter. Envestnet Asset Management Inc. now owns 7,703 shares of the industrial products company’s stock valued at $113,000 after buying an additional 747 shares during the period. Mason Street Advisors LLC raised its position in shares of Calgon Carbon by 7.0% in the first quarter. Mason Street Advisors LLC now owns 11,843 shares of the industrial products company’s stock valued at $173,000 after buying an additional 779 shares during the period. Stevens Capital Management LP bought a new position in shares of Calgon Carbon during the first quarter valued at approximately $255,000. State of Tennessee Treasury Department raised its position in shares of Calgon Carbon by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 49,212 shares of the industrial products company’s stock valued at $719,000 after buying an additional 7,427 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Calgon Carbon by 396.3% in the first quarter. Parametric Portfolio Associates LLC now owns 349,277 shares of the industrial products company’s stock valued at $5,099,000 after buying an additional 278,907 shares during the period. 83.79% of the stock is currently owned by institutional investors and hedge funds.
Calgon Carbon Company Profile
Calgon Carbon Corporation is a manufacturer of activated carbon, with capabilities in ultraviolet (UV) light disinfection. The Company provides purification solutions for drinking water, wastewater, pollution abatement, and a range of industrial and commercial manufacturing processes. The Company operates through four segments: Activated Carbon and Service, Equipment, Consumer and Other.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Calgon Carbon Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calgon Carbon Co. and related companies with MarketBeat.com's FREE daily email newsletter.