Calgon Carbon Corporation(NYSE:CCC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $132.60M. Analysts estimated a revenue of $130.07M. Earnings per share were $0.16. Analysts had estimated an EPS of $0.17.
In a different note, Oppenheimer said it Initiates Coverage on Calgon Carbon Corporation, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Outperform’ by the firm. Janney Capital said it Initiates Coverage on Calgon Carbon Corporation, according to a research note issued on May 11, 2016. The shares have been rated ‘Buy’ by the firm.
Calgon Carbon Corporation (CCC) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -0.28% at a volume of 3,33,520. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.2. The peak price level was also seen at $14.2 while the days lowest was $14. Finally the shares closed at $14.1. The 52-week high of the shares is $18.22 while the 52-week low is $12.7. According to the latest information available, the market cap of the company is $714 M.
Several Insider Transactions has been reported to the SEC. On Nov 18, 2015, Louis S Massimo (director) purchased 10,000 shares at $15.22 per share price.Also, On Aug 25, 2015, James Andrew Coccagno (Senior Vice President) purchased 1,600 shares at $15.00 per share price.On Aug 20, 2015, Randall S. Dearth (CEO) purchased 2,539 shares at $15.78 per share price, according to the Form-4 filing with the securities and exchange commission.
Calgon Carbon Corporation is engaged in the manufacture supply reactivation and application of activated carbons and the manufacture of ballast water treatment (BWT) ultraviolet (UV) light disinfection and ion-exchange (IX) technologies. The Companys technologies are used for the treatment of drinking water wastewater ballast water air emissions. The Companys three segments include Activated Carbon and Service Equipment and Consumer. The Activated Carbon and Service segment manufactures and markets granular and powdered activated carbon. The Service aspect of the segment consists of carbon reactivation and the leasing monitoring and maintenance of carbon adsorption equipment. The Equipment segment provides solutions to customers air water and other liquid purification problems through the design fabrication installation and sale of equipment systems. The Consumer segment supplies activated carbon cloth for use in medical military and industrial applications.