Wall Street analysts expect that CARBO Ceramics Inc. (NYSE:CRR) will announce earnings of ($0.51) per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for CARBO Ceramics’ earnings. The lowest EPS estimate is ($0.62) and the highest is ($0.39). CARBO Ceramics posted earnings per share of ($1.22) during the same quarter last year, which would indicate a positive year over year growth rate of 58.2%. The business is scheduled to report its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that CARBO Ceramics will report full-year earnings of ($1.51) per share for the current financial year, with EPS estimates ranging from ($1.72) to ($1.17). For the next financial year, analysts expect that the firm will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.73) to $0.03. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for CARBO Ceramics.
CARBO Ceramics (NYSE:CRR) last announced its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.63) by ($0.02). CARBO Ceramics had a negative return on equity of 20.27% and a negative net margin of 67.47%. The firm had revenue of $60.34 million during the quarter, compared to the consensus estimate of $56.87 million. During the same period last year, the company earned ($0.35) EPS. The firm’s revenue for the quarter was up 107.4% compared to the same quarter last year.
Several brokerages recently issued reports on CRR. Zacks Investment Research cut CARBO Ceramics from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine raised CARBO Ceramics from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, Scotiabank set a $12.00 price objective on CARBO Ceramics and gave the stock a “hold” rating in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.25.
In related news, major shareholder Wilks Brothers, Llc bought 134,356 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of $8.57 per share, with a total value of $1,151,430.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. 16.20% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in CARBO Ceramics by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 362,236 shares of the oil and gas company’s stock valued at $2,481,000 after acquiring an additional 1,225 shares in the last quarter. Royal Bank of Canada boosted its position in CARBO Ceramics by 12.4% during the 2nd quarter. Royal Bank of Canada now owns 28,063 shares of the oil and gas company’s stock valued at $192,000 after acquiring an additional 3,092 shares in the last quarter. Ahrens Investment Partners LLC boosted its position in CARBO Ceramics by 67.8% during the 3rd quarter. Ahrens Investment Partners LLC now owns 19,300 shares of the oil and gas company’s stock valued at $167,000 after acquiring an additional 7,800 shares in the last quarter. Alliancebernstein L.P. boosted its position in CARBO Ceramics by 44.8% during the 2nd quarter. Alliancebernstein L.P. now owns 36,500 shares of the oil and gas company’s stock valued at $250,000 after acquiring an additional 11,300 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in CARBO Ceramics by 23.3% during the 2nd quarter. Teachers Advisors LLC now owns 73,878 shares of the oil and gas company’s stock valued at $506,000 after acquiring an additional 13,965 shares in the last quarter. 73.60% of the stock is currently owned by institutional investors and hedge funds.
CARBO Ceramics (CRR) opened at $7.40 on Friday. CARBO Ceramics has a 52 week low of $5.83 and a 52 week high of $16.70. The stock has a market capitalization of $200.00, a P/E ratio of -1.55 and a beta of 1.75. The company has a quick ratio of 3.31, a current ratio of 4.61 and a debt-to-equity ratio of 0.22.
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CARBO Ceramics Company Profile
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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