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

According to Zacks, 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 year, analysts anticipate that the business will post earnings of $0.76 per share, with EPS estimates ranging from $0.63 to $0.81. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Calgon Carbon Corporation.

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

Several analysts have weighed in on the company. Sidoti assumed coverage on Calgon Carbon Corporation in a report on Wednesday, June 7th. They issued a “buy” rating and a $18.00 price target on the stock. BidaskClub raised Calgon Carbon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Janney Montgomery Scott cut Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $16.00 in a report on Thursday, July 13th. Finally, Robert W. Baird raised their price target on Calgon Carbon Corporation from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.63.

Several large investors have recently added to or reduced their stakes in CCC. Great West Life Assurance Co. Can raised its holdings in shares of Calgon Carbon Corporation by 5.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 72,592 shares of the industrial products company’s stock valued at $1,056,000 after acquiring an additional 3,623 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Calgon Carbon Corporation by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,503,373 shares of the industrial products company’s stock valued at $21,948,000 after purchasing an additional 10,322 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Calgon Carbon Corporation by 0.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,390 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 51 shares during the last quarter. Comerica Bank increased its position in shares of Calgon Carbon Corporation by 4.0% during the 1st quarter. Comerica Bank now owns 56,315 shares of the industrial products company’s stock valued at $825,000 after purchasing an additional 2,152 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Calgon Carbon Corporation by 4.3% during the 1st quarter. Sei Investments Co. now owns 13,610 shares of the industrial products company’s stock valued at $199,000 after purchasing an additional 566 shares during the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Calgon Carbon Corporation (CCC) traded down 1.60% on Thursday, hitting $21.55. The company had a trading volume of 2,107,377 shares. The company has a 50 day moving average price of $15.51 and a 200 day moving average price of $14.83. Calgon Carbon Corporation has a 1-year low of $12.00 and a 1-year high of $22.10. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 155.04 and a beta of 1.28.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. Calgon Carbon Corporation’s payout ratio 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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