Wall Street brokerages predict that CARBO Ceramics Inc. (NYSE:CRR) will report ($0.51) earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for CARBO Ceramics’ earnings. The highest EPS estimate is ($0.39) and the lowest is ($0.62). CARBO Ceramics reported earnings per share of ($1.22) during the same quarter last year, which suggests a positive year-over-year growth rate of 58.2%. The business is expected to issue its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that CARBO Ceramics will report full year earnings of ($1.51) per share for the current fiscal year, with EPS estimates ranging from ($1.72) to ($1.17). For the next year, analysts anticipate that the company will report earnings of ($0.30) per share, with EPS estimates ranging from ($0.73) to $0.03. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow CARBO Ceramics.
CARBO Ceramics (NYSE:CRR) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.65) earnings per share 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 business had revenue of $60.34 million during the quarter, compared to analyst estimates of $56.87 million. During the same quarter last year, the firm earned ($0.35) EPS. CARBO Ceramics’s revenue for the quarter was up 107.4% compared to the same quarter last year.
Shares of CARBO Ceramics (NYSE CRR) traded up $0.13 during trading on Friday, reaching $7.63. 719,931 shares of the company’s stock traded hands, compared to its average volume of 990,617. CARBO Ceramics has a twelve month low of $5.83 and a twelve month high of $16.05. The company has a quick ratio of 3.31, a current ratio of 4.61 and a debt-to-equity ratio of 0.22. The firm has a market cap of $205.16, a PE ratio of -1.60 and a beta of 1.75.
In other news, major shareholder Wilks Brothers, Llc bought 20,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average cost of $9.94 per share, for a total transaction of $198,800.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 16.20% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of CRR. Schwab Charles Investment Management Inc. raised its position in shares of CARBO Ceramics by 17.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 351,880 shares of the oil and gas company’s stock valued at $2,411,000 after buying an additional 51,198 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of CARBO Ceramics by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 281,913 shares of the oil and gas company’s stock valued at $1,931,000 after buying an additional 16,739 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of CARBO Ceramics by 44.8% in the 2nd quarter. Alliancebernstein L.P. now owns 36,500 shares of the oil and gas company’s stock valued at $250,000 after buying an additional 11,300 shares in the last quarter. Teachers Advisors LLC raised its position in shares of CARBO Ceramics by 23.3% in the 2nd quarter. Teachers Advisors LLC now owns 73,878 shares of the oil and gas company’s stock valued at $506,000 after buying an additional 13,965 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of CARBO Ceramics by 34.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 548,679 shares of the oil and gas company’s stock valued at $3,780,000 after buying an additional 140,807 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CARBO Ceramics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CARBO Ceramics and related companies with MarketBeat.com's FREE daily email newsletter.