Brokerages expect Calgon Carbon Corporation (NYSE:CCC) to post earnings per share of $0.18 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Calgon Carbon’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.14. Calgon Carbon posted earnings per share of $0.05 during the same quarter last year, which would suggest a positive year-over-year growth rate of 260%. The business is scheduled to report its next earnings results on Friday, February 23rd.
According to Zacks, analysts expect that Calgon Carbon will report full-year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.49 to $0.50. For the next year, analysts anticipate that the company will report earnings of $0.74 per share, with EPS estimates ranging from $0.63 to $0.81. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Calgon Carbon.
Several research firms recently commented on CCC. Robert W. Baird lowered shares of Calgon Carbon from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 26th. Zacks Investment Research lowered shares of Calgon Carbon from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Janney Montgomery Scott lowered shares of Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 price target on the stock. in a research report on Thursday, September 21st. Finally, Sidoti lowered shares of Calgon Carbon from a “buy” rating to a “neutral” rating and dropped their price target for the company from $22.00 to $20.00 in a research report on Monday, September 25th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Calgon Carbon presently has an average rating of “Hold” and an average target price of $19.63.
Calgon Carbon (NYSE CCC) traded down $0.05 during mid-day trading on Wednesday, reaching $21.45. 1,043,200 shares of the company traded hands, compared to its average volume of 703,911. The firm has a market capitalization of $1,090.00, a price-to-earnings ratio of 50.00 and a beta of 1.19. 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 has a 52 week low of $12.00 and a 52 week high of $22.10.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were given a dividend of $0.05 per share. The ex-dividend date was Monday, December 4th. This represents a $0.20 annualized dividend and a yield of 0.93%. Calgon Carbon’s dividend payout ratio is presently 181.82%.
In other Calgon Carbon news, EVP James Andrew Coccagno sold 2,100 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $21.35, for a total transaction of $44,835.00. Following the transaction, the executive vice president now directly owns 11,716 shares of the company’s stock, valued at $250,136.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.32% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System lifted its holdings in Calgon Carbon by 0.4% during the second quarter. Arizona State Retirement System now owns 26,439 shares of the industrial products company’s stock valued at $399,000 after purchasing an additional 100 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Calgon Carbon by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 39,264 shares of the industrial products company’s stock valued at $593,000 after purchasing an additional 156 shares in the last quarter. Texas Permanent School Fund lifted its stake in shares of Calgon Carbon by 1.1% in the second quarter. Texas Permanent School Fund now owns 37,055 shares of the industrial products company’s stock worth $560,000 after buying an additional 387 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Calgon Carbon by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,960 shares of the industrial products company’s stock worth $181,000 after buying an additional 510 shares in the last quarter. Finally, BlueCrest Capital Management Ltd lifted its stake in shares of Calgon Carbon by 9.9% in the second quarter. BlueCrest Capital Management Ltd now owns 11,671 shares of the industrial products company’s stock worth $176,000 after buying an additional 1,050 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.
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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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