Analysts expect Calgon Carbon Corporation (NYSE:CCC) to announce earnings of $0.18 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Calgon Carbon Corporation’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.14. Calgon Carbon Corporation posted earnings per share of $0.05 in the same quarter last year, which indicates a positive year over year growth rate of 260%. The company is expected to announce its next earnings results on Friday, February 23rd.
On average, analysts expect that Calgon Carbon Corporation will report full year earnings of $0.50 per share for the current year, with EPS estimates ranging from $0.49 to $0.50. For the next financial year, analysts forecast that the business will post earnings of $0.74 per share, with EPS estimates ranging from $0.63 to $0.81. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Calgon Carbon Corporation.
Several brokerages recently weighed in on CCC. Robert W. Baird boosted their price objective on Calgon Carbon Corporation from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, September 22nd. Janney Montgomery Scott lowered Calgon Carbon Corporation from a “neutral” rating to a “sell” rating and set a $21.50 price objective for the company. in a report on Thursday, September 21st. BidaskClub lowered Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Sidoti lowered Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $22.00 to $20.00 in a report on Monday, September 25th. Finally, Zacks Investment Research raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $19.63.
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Shares of Calgon Carbon Corporation (NYSE CCC) opened at $21.40 on Tuesday. 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 firm has a market capitalization of $1,089.90, a PE ratio of 49.88 and a beta of 1.20. Calgon Carbon Corporation has a fifty-two week low of $12.00 and a fifty-two week high of $22.10.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Monday, December 4th. Calgon Carbon Corporation’s dividend payout ratio (DPR) is presently 166.68%.
Large investors have recently bought and sold shares of the company. LMR Partners LLP bought a new position in shares of Calgon Carbon Corporation during the third quarter valued at approximately $200,000. State of Alaska Department of Revenue grew its holdings in shares of Calgon Carbon Corporation by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 10,023 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 4,433 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Calgon Carbon Corporation during the second quarter valued at approximately $166,000. BlueCrest Capital Management Ltd grew its holdings in shares of Calgon Carbon Corporation by 9.9% during the second quarter. BlueCrest Capital Management Ltd now owns 11,671 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 1,050 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in shares of Calgon Carbon Corporation by 4.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,960 shares of the industrial products company’s stock valued at $181,000 after purchasing an additional 510 shares during the last quarter. 82.68% of the stock is owned by institutional investors.
Calgon Carbon Corporation 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.
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