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.

Several research analysts have commented on the stock. Zacks Investment Research cut shares of Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Robert W. Baird cut shares of Calgon Carbon Corporation from an “outperform” rating to a “hold” rating in a report on Tuesday, September 26th. Sidoti cut shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $22.00 to $20.00 in a report on Monday, September 25th. Janney Montgomery Scott cut shares of Calgon Carbon Corporation from a “neutral” rating to a “sell” rating and set a $21.50 price target for the company. in a report on Thursday, September 21st. Finally, BidaskClub downgraded shares of Calgon Carbon Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.63.

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

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