Headlines about Calgon Carbon Corporation (NYSE:CCC) have trended somewhat positive this week, according to AlphaOne. The research firm, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Calgon Carbon Corporation earned a daily sentiment score of 0.01 on AlphaOne’s scale. AlphaOne also assigned media coverage about the industrial products company an impact score of 95 out of 100, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the next several days.
A number of analysts have commented on the company. Roth Capital set a $16.00 target price on Calgon Carbon Corporation and gave the stock a “hold” rating in a research report on Saturday, April 1st. Sidoti began coverage on Calgon Carbon Corporation in a report on Wednesday, June 7th. They issued a “buy” rating and a $18.00 price target for the company. ValuEngine raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Robert W. Baird reissued an “outperform” rating and issued a $19.00 price target on shares of Calgon Carbon Corporation in a report on Monday, February 27th. Finally, Zacks Investment Research cut Calgon Carbon Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $17.80.
Calgon Carbon Corporation (NYSE CCC) opened at 14.75 on Friday. Calgon Carbon Corporation has a 12-month low of $12.70 and a 12-month high of $18.80. The stock has a 50 day moving average price of $14.30 and a 200-day moving average price of $15.31. The firm has a market capitalization of $748.61 million, a PE ratio of 81.94 and a beta of 1.11.
Calgon Carbon Corporation (NYSE:CCC) last announced its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Calgon Carbon Corporation had a net margin of 1.70% and a return on equity of 5.68%. The company had revenue of $142.70 million during the quarter, compared to analyst estimates of $143.03 million. During the same quarter in the previous year, the business earned $0.11 EPS. The firm’s revenue was up 18.7% on a year-over-year basis. On average, equities research analysts forecast that Calgon Carbon Corporation will post $0.61 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Monday, June 5th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, June 1st. Calgon Carbon Corporation’s dividend payout ratio (DPR) is 111.11%.
In other news, Director J Rich Alexander sold 5,251 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $14.25, for a total value of $74,826.75. Following the completion of the transaction, the director now owns 24,183 shares of the company’s stock, valued at approximately $344,607.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.32% of the stock is owned by insiders.
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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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