Calgon Carbon Corporation (CCC) to Release Earnings on Wednesday

Calgon Carbon Corporation (NYSE:CCC) will be posting its quarterly earnings results before the market opens on Wednesday, November 1st. Analysts expect Calgon Carbon Corporation to post earnings of $0.16 per share for the quarter.

Calgon Carbon Corporation (NYSE:CCC) last announced its quarterly earnings data on Friday, August 4th. The industrial products company reported $0.14 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The firm had revenue of $153.00 million during the quarter, compared to analyst estimates of $151.18 million. Calgon Carbon Corporation had a net margin of 1.27% and a return on equity of 5.46%. Calgon Carbon Corporation’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. On average, analysts expect Calgon Carbon Corporation to post $0.5 EPS for the current fiscal year and $0.74 EPS for the next fiscal year.

Calgon Carbon Corporation (CCC) opened at 21.50 on Monday. The company has a 50 day moving average of $19.39 and a 200 day moving average of $15.69. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 154.68 and a beta of 1.26. Calgon Carbon Corporation has a 12 month low of $12.00 and a 12 month high of $22.10.

A number of brokerages recently issued reports on CCC. BidaskClub downgraded Calgon Carbon Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Sidoti reaffirmed a “buy” rating and issued a $20.00 price target (up from $18.00) on shares of Calgon Carbon Corporation in a report on Wednesday, July 12th. Janney Montgomery Scott downgraded Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $16.00 in a report on Thursday, July 13th. Zacks Investment Research downgraded Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, Robert W. Baird downgraded Calgon Carbon Corporation from an “outperform” rating to a “hold” rating in a report on Tuesday, September 26th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.63.

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About Calgon Carbon Corporation

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.

Earnings History for Calgon Carbon Corporation (NYSE:CCC)

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