Wall Street analysts forecast that Calgon Carbon Corporation (NYSE:CCC) will report $161.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Calgon Carbon Corporation’s earnings, with the highest sales estimate coming in at $168.70 million and the lowest estimate coming in at $155.00 million. Calgon Carbon Corporation posted sales of $137.48 million during the same quarter last year, which would indicate a positive year over year growth rate of 17.6%. The firm is expected to report its next quarterly earnings results on Friday, February 23rd.
According to Zacks, analysts expect that Calgon Carbon Corporation will report full-year sales of $161.65 million for the current year, with estimates ranging from $607.00 million to $621.10 million. For the next financial year, analysts expect that the firm will report 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 a mean average based on a survey of research firms that that provide coverage for Calgon Carbon Corporation.
Several analysts recently commented on CCC shares. cut shares of Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. downgraded Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $22.00 to $20.00 in a research report on Monday, September 25th. increased their price target on Calgon Carbon Corporation from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, September 22nd. cut Calgon Carbon Corporation from a “neutral” rating to a “sell” rating and set a $21.50 price objective on the stock. in a research report on Thursday, September 21st. Finally, cut Calgon Carbon Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.63.
Calgon Carbon Corporation (NYSE CCC) opened at $21.35 on Wednesday. The company has a current ratio of 2.80, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. Calgon Carbon Corporation has a 52 week low of $12.00 and a 52 week high of $22.10. The company has a market cap of $1,087.35, a price-to-earnings ratio of 49.77 and a beta of 1.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, December 4th. Calgon Carbon Corporation’s dividend payout ratio (DPR) is presently 166.68%.
Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of Calgon Carbon Corporation by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 10,023 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 4,433 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Calgon Carbon Corporation during the second quarter valued at about $166,000. Zions Bancorporation acquired a new stake in shares of Calgon Carbon Corporation during the third quarter valued at about $169,000. BlueCrest Capital Management Ltd boosted its stake in shares of Calgon Carbon Corporation by 9.9% during the second quarter. BlueCrest Capital Management Ltd now owns 11,671 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Calgon Carbon Corporation by 4.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,960 shares of the industrial products company’s stock valued at $181,000 after purchasing an additional 510 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.
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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