Wall Street analysts expect CARBO Ceramics Inc. (NYSE:CRR) to report earnings per share of ($0.53) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for CARBO Ceramics’ earnings. CARBO Ceramics reported earnings of ($0.55) per share in the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The business is scheduled to issue its next earnings results on Thursday, July 25th.
On average, analysts expect that CARBO Ceramics will report full year earnings of ($1.98) per share for the current year, with EPS estimates ranging from ($2.24) to ($1.72). For the next financial year, analysts anticipate that the business will report earnings of ($0.70) per share, with EPS estimates ranging from ($0.92) to ($0.49). Zacks’ EPS averages are a mean average based on a survey of research firms that cover CARBO Ceramics.
CARBO Ceramics (NYSE:CRR) last posted its earnings results on Thursday, April 25th. The oil and gas company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.18). CARBO Ceramics had a negative net margin of 34.58% and a negative return on equity of 20.16%. The firm had revenue of $47.50 million during the quarter, compared to the consensus estimate of $50.12 million. During the same quarter in the prior year, the business posted ($0.83) earnings per share. CARBO Ceramics’s revenue for the quarter was down 3.8% compared to the same quarter last year.
Shares of CRR traded down $0.08 during mid-day trading on Friday, reaching $1.47. 491,944 shares of the company were exchanged, compared to its average volume of 422,156. CARBO Ceramics has a 52 week low of $1.46 and a 52 week high of $10.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.03 and a quick ratio of 1.35. The company has a market capitalization of $43.13 million, a price-to-earnings ratio of -0.55 and a beta of 1.65.
A number of institutional investors have recently made changes to their positions in the business. FMR LLC raised its stake in shares of CARBO Ceramics by 0.4% in the fourth quarter. FMR LLC now owns 3,687,236 shares of the oil and gas company’s stock valued at $12,831,000 after buying an additional 14,769 shares during the period. BlackRock Inc. raised its stake in shares of CARBO Ceramics by 4.4% in the first quarter. BlackRock Inc. now owns 3,131,807 shares of the oil and gas company’s stock valued at $10,963,000 after buying an additional 131,067 shares during the period. Vanguard Group Inc raised its stake in shares of CARBO Ceramics by 18.4% in the third quarter. Vanguard Group Inc now owns 1,433,430 shares of the oil and gas company’s stock valued at $10,392,000 after buying an additional 222,706 shares during the period. Vanguard Group Inc. raised its stake in shares of CARBO Ceramics by 18.4% in the third quarter. Vanguard Group Inc. now owns 1,433,430 shares of the oil and gas company’s stock valued at $10,392,000 after buying an additional 222,706 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of CARBO Ceramics by 7.3% in the first quarter. Wells Fargo & Company MN now owns 1,006,764 shares of the oil and gas company’s stock valued at $3,525,000 after buying an additional 68,754 shares during the period. 72.31% of the stock is owned by hedge funds and other institutional investors.
CARBO Ceramics Company Profile
CARBO Ceramics Inc, a technology company, provides products and services to the oil and gas, industrial, and environmental markets worldwide. It operates through two segments, Oilfield and Industrial Technologies and Services, and Environmental Technologies and Services. The Oilfield and Industrial Technologies and Services segment manufactures and sells oilfield ceramic technology products, base ceramic proppants, and frac sand proppants to pressure pumping companies, and oil and gas operators for use in the hydraulic fracturing of natural gas and oil wells.
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