Analysts expect Calgon Carbon Corporation (NYSE:CCC) to announce earnings per share of $0.18 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Calgon Carbon’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.14. Calgon Carbon posted earnings per share of $0.05 in the same quarter last year, which would suggest a positive year-over-year growth rate of 260%. The business is expected to issue its next quarterly earnings report on Friday, February 23rd.

On average, analysts expect that Calgon Carbon 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 forecast that the business will post earnings of $0.74 per share, with EPS estimates ranging from $0.63 to $0.81. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Calgon Carbon.

CCC has been the topic of a number of analyst reports. Robert W. Baird lifted their target price on shares of Calgon Carbon from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, September 22nd. Janney Montgomery Scott downgraded shares of Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 target price on the stock. in a research note on Thursday, September 21st. Sidoti downgraded shares of Calgon Carbon from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $22.00 to $20.00 in a research note on Monday, September 25th. Finally, Zacks Investment Research raised shares of Calgon Carbon from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.63.

A number of institutional investors and hedge funds have recently made changes to their positions in CCC. Magnetar Financial LLC purchased a new stake in Calgon Carbon during the 3rd quarter worth approximately $51,004,000. Rutabaga Capital Management LLC MA acquired a new position in Calgon Carbon during the 2nd quarter worth approximately $18,669,000. Allianz Asset Management GmbH acquired a new position in Calgon Carbon during the 3rd quarter worth approximately $25,744,000. Gabelli Funds LLC acquired a new position in Calgon Carbon during the 3rd quarter worth approximately $25,601,000. Finally, JPMorgan Chase & Co. grew its holdings in Calgon Carbon by 981.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 853,931 shares of the industrial products company’s stock worth $18,274,000 after acquiring an additional 774,981 shares in the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Calgon Carbon (CCC) opened at $21.35 on Friday. The firm has a market cap of $1,084.81, a PE ratio of 177.93 and a beta of 1.20. Calgon Carbon has a 52-week low of $12.00 and a 52-week high of $22.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.80.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Monday, December 4th. Calgon Carbon’s payout ratio is currently 166.68%.

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About Calgon Carbon

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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