CARBO Ceramics (CRR) Set to Announce Quarterly Earnings on Wednesday
CARBO Ceramics (NYSE:CRR) will be announcing its earnings results before the market opens on Wednesday, January 24th. Analysts expect the company to announce earnings of ($0.68) per share for the quarter.
CARBO Ceramics (NYSE:CRR) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported ($0.97) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.16). The business had revenue of $50.20 million for the quarter, compared to analyst estimates of $46.98 million. CARBO Ceramics had a negative return on equity of 16.48% and a negative net margin of 79.49%. The firm’s revenue for the quarter was up 148.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.49) earnings per share. On average, analysts expect CARBO Ceramics to post $-4 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Shares of CARBO Ceramics (NYSE:CRR) opened at $11.17 on Wednesday. The company has a current ratio of 5.74, a quick ratio of 3.31 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $303.12, a PE ratio of -1.19 and a beta of 2.00. CARBO Ceramics has a 52-week low of $5.83 and a 52-week high of $16.70.
In other news, major shareholder Wilks Brothers, Llc bought 20,000 shares of the company’s stock in a transaction on Wednesday, November 21st. The stock was bought at an average cost of $9.94 per share, with a total value of $198,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 16.20% of the company’s stock.
About CARBO Ceramics
CARBO Ceramics Inc is a technology company that provides products and services to the global oil and gas and industrial markets. The Company operates through two segments: Oilfield Technologies and Services, and Environmental Products and Services. The Company’s oilfield technologies and services segment includes the manufacturing and selling of proppant products for use primarily in the hydraulic fracturing of oil and natural gas wells, Fracpro software for the design of fracture treatments, and StrataGen consulting services for the optimizing of well completions.
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