Equities analysts predict that Calgon Carbon Corporation (NYSE:CCC) will post earnings of $0.16 per share for the current quarter, according to Zacks. Three analysts have made estimates for Calgon Carbon Corporation’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.16. Calgon Carbon Corporation reported earnings of $0.13 per share in the same quarter last year, which indicates a positive year over year growth rate of 23.1%. The business is expected to announce its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Calgon Carbon Corporation will report full year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.53. For the next fiscal year, analysts anticipate that the business will post earnings of $0.80 per share, with EPS estimates ranging from $0.78 to $0.81. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Calgon Carbon Corporation.

Calgon Carbon Corporation (NYSE:CCC) last announced its quarterly earnings data on Friday, August 4th. The industrial products company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $153.00 million during the quarter, compared to analyst estimates of $151.18 million. Calgon Carbon Corporation had a return on equity of 5.46% and a net margin of 1.27%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Sidoti reiterated a “buy” rating and issued a $20.00 target price (up from $18.00) on shares of Calgon Carbon Corporation in a report on Wednesday, July 12th. BidaskClub cut Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. ValuEngine upgraded Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Finally, Janney Montgomery Scott cut Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $18.00 to $16.00 in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.20.

Several hedge funds and other institutional investors have recently modified their holdings of CCC. Teachers Advisors LLC lifted its stake in shares of Calgon Carbon Corporation by 2.4% during the 4th quarter. Teachers Advisors LLC now owns 83,074 shares of the industrial products company’s stock worth $1,412,000 after purchasing an additional 1,958 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Calgon Carbon Corporation by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 200 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Calgon Carbon Corporation by 5.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 72,592 shares of the industrial products company’s stock worth $1,056,000 after purchasing an additional 3,623 shares during the last quarter. Eqis Capital Management Inc. lifted its stake in shares of Calgon Carbon Corporation by 14.2% during the 1st quarter. Eqis Capital Management Inc. now owns 11,846 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 1,472 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new stake in shares of Calgon Carbon Corporation during the 1st quarter worth $457,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.

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Calgon Carbon Corporation (CCC) opened at 13.30 on Friday. The firm’s 50-day moving average price is $13.61 and its 200 day moving average price is $14.26. The stock has a market cap of $675.56 million, a price-to-earnings ratio of 95.68 and a beta of 1.14. Calgon Carbon Corporation has a 12 month low of $12.00 and a 12 month high of $18.80.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, August 31st. Calgon Carbon Corporation’s dividend payout ratio (DPR) is currently 133.33%.

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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Earnings History and Estimates for Calgon Carbon Corporation (NYSE:CCC)

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