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.
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%.
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.
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