CLARCOR (CLC) Releases Quarterly Earnings Results
CLARCOR (NYSE:CLC) posted its quarterly earnings results on Wednesday. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.14, American Banking News.com reports. The company had revenue of $386.60 million for the quarter, compared to the consensus estimate of $364.30 million. During the same quarter last year, the company posted $0.66 earnings per share.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of CLARCOR from a “neutral” rating to an “outperform” rating in a research note on Monday, May 19th. They now have a $65.80 price target on the stock. On the ratings front, analysts at Robert W. Baird raised their price target on shares of CLARCOR from $60.00 to $62.00 in a research note on Wednesday, May 14th. They now have a “neutral” rating on the stock. Finally, analysts at BB&T Corp. upgraded shares of CLARCOR from a “hold” rating to a “buy” rating in a research note on Tuesday, April 29th. They now have a $65.00 price target on the stock. They noted that the move was a valuation call.
CLARCOR (NYSE:CLC) traded up 0.12% on Wednesday, hitting $58.80. The stock had a trading volume of 360,352 shares. CLARCOR has a 1-year low of $50.92 and a 1-year high of $65.08. The stock’s 50-day moving average is $57.92 and its 200-day moving average is $58.17. The company has a market cap of $2.965 billion and a P/E ratio of 25.00.
CLARCOR Inc (NYSE:CLC) is a provider of filtration products, filtration systems and services, and consumer and industrial packaging products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.