Clarcor Inc. (NYSE:CLC) – Stock analysts at Oppenheimer Holdings lowered their FY2016 earnings estimates for Clarcor in a research report issued on Monday. Oppenheimer Holdings analyst J. Giannakouros now forecasts that the firm will post earnings per share of $2.60 for the year, down from their previous forecast of $2.65. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Clarcor’s Q4 2016 earnings at $0.70 EPS, FY2017 earnings at $2.70 EPS and FY2018 earnings at $2.85 EPS.

A number of other equities research analysts have also commented on CLC. Zacks Investment Research lowered Clarcor from a “buy” rating to a “sell” rating in a research report on Monday. CL King reiterated a “neutral” rating on shares of Clarcor in a report on Wednesday, June 8th. Finally, Robert W. Baird lifted their price target on Clarcor from $61.00 to $64.00 and gave the company a “neutral” rating in a report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $68.50.

Clarcor (NYSE:CLC) traded up 0.61% during trading on Tuesday, hitting $63.15. The stock had a trading volume of 82,895 shares. The firm has a market cap of $3.07 billion, a PE ratio of 21.63 and a beta of 1.18. The company’s 50-day moving average is $63.73 and its 200 day moving average is $59.79. Clarcor has a 52 week low of $44.13 and a 52 week high of $66.59.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/clarcor-inc-to-post-fy2016-earnings-of-2-60-per-share-oppenheimer-holdings-forecasts-clc.html

Clarcor (NYSE:CLC) last issued its quarterly earnings data on Wednesday, September 14th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Clarcor had a net margin of 10.35% and a return on equity of 11.60%. The company earned $331.40 million during the quarter, compared to the consensus estimate of $339.43 million. During the same quarter last year, the company earned $0.66 earnings per share. Clarcor’s revenue for the quarter was down 7.3% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Group LTD boosted its stake in Clarcor by 21.5% in the first quarter. BlackRock Group LTD now owns 36,472 shares of the company’s stock worth $2,107,000 after buying an additional 6,453 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its stake in Clarcor by 1.0% in the first quarter. Atlanta Capital Management Co. L L C now owns 3,761,366 shares of the company’s stock worth $217,369,000 after buying an additional 38,973 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Clarcor by 11.8% in the first quarter. Geode Capital Management LLC now owns 346,728 shares of the company’s stock valued at $20,037,000 after buying an additional 36,504 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Clarcor by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,410,200 shares of the company’s stock valued at $81,495,000 after buying an additional 12,398 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Clarcor by 13.4% in the first quarter. UBS Group AG now owns 10,729 shares of the company’s stock valued at $620,000 after buying an additional 1,264 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

In other Clarcor news, CEO Christopher Conway sold 2,000 shares of Clarcor stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $60.81, for a total value of $121,620.00. Following the transaction, the chief executive officer now directly owns 17,023 shares of the company’s stock, valued at approximately $1,035,168.63. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David J. Lindsay sold 44,000 shares of Clarcor stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $62.14, for a total value of $2,734,160.00. Following the completion of the transaction, the vice president now directly owns 25,676 shares in the company, valued at $1,595,506.64. The disclosure for this sale can be found here. 2.96% of the stock is owned by corporate insiders.

About Clarcor

CLARCOR Inc provides filtration products, filtration systems and services, and consumer and industrial packaging products. The Company’s segments include Engine/Mobile Filtration and Industrial/Environmental Filtration. Its Engine/Mobile Filtration segment manufactures and sells filtration products for on-road and off-road mobile and stationary applications, including trucks, agricultural machinery, transit buses, locomotives, and other industrial and specialty applications.

5 Day Chart for NYSE:CLC

Receive News & Ratings for Clarcor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarcor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.