CARBO Ceramics (CRR) Scheduled to Post Quarterly Earnings on Thursday

CARBO Ceramics (NYSE:CRR) will be posting its quarterly earnings results before the market opens on Thursday, October 25th. Analysts expect CARBO Ceramics to post earnings of ($0.34) per share for the quarter.

CARBO Ceramics (NYSE:CRR) last released its quarterly earnings results on Thursday, July 26th. The oil and gas company reported ($0.55) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.53) by ($0.02). The firm had revenue of $58.00 million for the quarter, compared to the consensus estimate of $62.51 million. CARBO Ceramics had a negative net margin of 49.19% and a negative return on equity of 20.28%. The company’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.93) earnings per share. On average, analysts expect CARBO Ceramics to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CARBO Ceramics stock opened at $6.20 on Thursday. The stock has a market cap of $201.12 million, a price-to-earnings ratio of -1.68 and a beta of 1.44. CARBO Ceramics has a 52-week low of $6.10 and a 52-week high of $12.69. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.16.

A number of equities research analysts have issued reports on the company. OTR Global downgraded CARBO Ceramics to an “underperform” rating in a research note on Tuesday, July 24th. ValuEngine upgraded CARBO Ceramics from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Piper Jaffray Companies set a $9.00 price target on CARBO Ceramics and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research downgraded CARBO Ceramics from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $9.33.

CARBO Ceramics Company Profile

CARBO Ceramics Inc, a technology company, provides products and services to the oil and gas, and industrial markets worldwide. The company operates in two segments, Oilfield Technologies and Services, and Environmental Products and Services. The Oilfield Technologies and Services segment manufactures and sells ceramic proppants for use in the hydraulic fracturing of natural gas and oil wells to pressure pumping companies; produces ceramic pellets for use in various industrial technology applications, such as casting and milling; and provides technology to design, build, and optimize the Frac.

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Earnings History for CARBO Ceramics (NYSE:CRR)

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