Analysts Expect Calgon Carbon Corporation (CCC) Will Post Earnings of $0.18 Per Share

Brokerages predict that Calgon Carbon Corporation (NYSE:CCC) will post $0.18 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Calgon Carbon’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.14. Calgon Carbon reported earnings of $0.05 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 260%. The business is expected to report its next earnings results on Friday, February 23rd.

According to Zacks, analysts expect that Calgon Carbon will report full-year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.49 to $0.50. For the next fiscal year, analysts anticipate that the business will report earnings of $0.74 per share, with EPS estimates ranging from $0.63 to $0.81. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Calgon Carbon.

CCC has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Calgon Carbon from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Robert W. Baird downgraded Calgon Carbon from an “outperform” rating to a “hold” rating in a report on Tuesday, September 26th. Sidoti downgraded Calgon Carbon from a “buy” rating to a “neutral” rating and reduced their target price for the company from $22.00 to $20.00 in a report on Monday, September 25th. Janney Montgomery Scott downgraded Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 price objective on the stock. in a report on Thursday, September 21st. Finally, BidaskClub downgraded Calgon Carbon from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $19.63.

A number of large investors have recently made changes to their positions in CCC. State of Alaska Department of Revenue raised its position in shares of Calgon Carbon by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 10,023 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 4,433 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Calgon Carbon in the 2nd quarter worth about $166,000. Zions Bancorporation bought a new position in shares of Calgon Carbon in the 3rd quarter worth about $169,000. BlueCrest Capital Management Ltd raised its position in shares of Calgon Carbon by 9.9% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 11,671 shares of the industrial products company’s stock worth $176,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Calgon Carbon by 4.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,960 shares of the industrial products company’s stock worth $181,000 after acquiring an additional 510 shares in the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

Shares of Calgon Carbon (NYSE:CCC) traded up $0.10 during trading hours on Friday, reaching $21.50. The company had a trading volume of 707,200 shares, compared to its average volume of 680,542. The firm has a market capitalization of $1,090.00, a P/E ratio of 49.88 and a beta of 1.19. Calgon Carbon has a 1-year low of $12.00 and a 1-year high of $22.10. The company has a quick ratio of 1.68, a current ratio of 2.80 and a debt-to-equity ratio of 0.59.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.93%. The ex-dividend date is Monday, December 4th. Calgon Carbon’s dividend payout ratio is currently 181.82%.

WARNING: This report was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://www.chaffeybreeze.com/2017/12/05/analysts-expect-calgon-carbon-corporation-ccc-will-post-earnings-of-0-18-per-share.html.

About Calgon Carbon

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.

Get a free copy of the Zacks research report on Calgon Carbon (CCC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Calgon Carbon (NYSE:CCC)

Receive News & Ratings for Calgon Carbon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calgon Carbon Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply