Calgon Carbon Corporation (CCC) Scheduled to Post Earnings on Wednesday
Calgon Carbon Corporation (NYSE:CCC) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 1st. Analysts expect Calgon Carbon Corporation to post earnings of $0.16 per share for the quarter.
Calgon Carbon Corporation (NYSE:CCC) last issued its earnings results on Friday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $153.00 million during the quarter, compared to analysts’ expectations of $151.18 million. Calgon Carbon Corporation had a net margin of 1.27% and a return on equity of 5.46%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share. On average, analysts expect Calgon Carbon Corporation to post $0.5 EPS for the current fiscal year and $0.74 EPS for the next fiscal year.
Calgon Carbon Corporation (NYSE CCC) opened at 21.40 on Wednesday. The firm has a 50-day moving average of $18.67 and a 200 day moving average of $15.55. Calgon Carbon Corporation has a one year low of $12.00 and a one year high of $22.10. The stock has a market capitalization of $1.09 billion, a PE ratio of 153.96 and a beta of 1.28.
CCC has been the subject of several analyst reports. Janney Montgomery Scott lowered shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $18.00 to $16.00 in a research report on Thursday, July 13th. Zacks Investment Research lowered shares of Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. BidaskClub raised shares of Calgon Carbon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Robert W. Baird lowered shares of Calgon Carbon Corporation from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, Sidoti lowered shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $20.00 in a research report on Monday, September 25th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.63.
About Calgon Carbon Corporation
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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