Calumet Specialty Products Partners, L.P (CLMT) Announces Quarterly Earnings Results, Beats Estimates By $0.41 EPS
Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) released its earnings data on Wednesday. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.41, AnalystRatingsNetwork reports. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.23 billion.
On a related note, analysts at RBC Capital cut their price target on shares of Calumet Specialty Products Partners, L.P from $30.00 to $29.00 in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Calumet Specialty Products Partners, L.P has an average rating of “Hold” and a consensus target price of $31.08.
Shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) opened at 28.55 on Wednesday. Calumet Specialty Products Partners, L.P has a one year low of $24.23 and a one year high of $37.00. The stock has a 50-day moving average of $26.9 and a 200-day moving average of $27.51. The company’s market cap is $1.979 billion.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a dividend of $0.685 per share. This represents a $2.74 annualized dividend and a dividend yield of 9.60%. The ex-dividend date is Thursday, May 1st.
Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) is a producer of specialty hydrocarbon products in North America.
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