$156.62 Million in Sales Expected for Calgon Carbon Corporation (CCC) This Quarter
Equities analysts expect that Calgon Carbon Corporation (NYSE:CCC) will report sales of $156.62 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Calgon Carbon Corporation’s earnings, with the highest sales estimate coming in at $157.25 million and the lowest estimate coming in at $156.00 million. Calgon Carbon Corporation posted sales of $123.97 million during the same quarter last year, which suggests a positive year over year growth rate of 26.3%. The business is scheduled to announce its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that Calgon Carbon Corporation will report full year sales of $156.62 million for the current fiscal year, with estimates ranging from $607.00 million to $621.10 million. For the next financial year, analysts expect that the firm will post sales of $639.23 million per share, with estimates ranging from $627.00 million to $650.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Calgon Carbon Corporation.
Calgon Carbon Corporation (NYSE:CCC) last posted its earnings results on Friday, August 4th. The industrial products company reported $0.14 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.14. Calgon Carbon Corporation had a net margin of 1.27% and a return on equity of 5.46%. The company had revenue of $153.00 million during the quarter, compared to analysts’ expectations of $151.18 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. Calgon Carbon Corporation’s revenue for the quarter was up 15.4% compared to the same quarter last year.
Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in shares of Calgon Carbon Corporation by 10.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,703 shares of the industrial products company’s stock worth $113,000 after buying an additional 747 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Calgon Carbon Corporation by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,023 shares of the industrial products company’s stock worth $151,000 after buying an additional 4,433 shares during the last quarter. BlueCrest Capital Management Ltd lifted its position in shares of Calgon Carbon Corporation by 5.7% during the 1st quarter. BlueCrest Capital Management Ltd now owns 10,621 shares of the industrial products company’s stock worth $155,000 after buying an additional 571 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Calgon Carbon Corporation during the 2nd quarter worth approximately $166,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Calgon Carbon Corporation during the 1st quarter worth approximately $170,000. Institutional investors and hedge funds own 85.15% of the company’s stock.
Shares of Calgon Carbon Corporation (CCC) opened at 21.45 on Thursday. The stock has a market cap of $1.09 billion, a PE ratio of 154.32 and a beta of 1.28. The company’s 50-day moving average is $18.91 and its 200-day moving average is $15.59. Calgon Carbon Corporation has a 52-week low of $12.00 and a 52-week high of $22.10.
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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