Revenue Update on CLARCOR(NYSE:CLC)

CLARCOR(NYSE:CLC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jun 15, 2016. Company reported revenue of $364.97M. Analysts estimated a revenue of $356.30M. Earnings per share were $0.73. Analysts had estimated an EPS of $0.68.

In a different note, On Jun 8, 2016, CL King said it Assumes its rating on CLARCOR. The shares have been rated ‘Neutral’ by the firm.

CLARCOR (CLC) shares turned negative on Tuesdays trading session with the shares closing down -0.17 points or -0.28% at a volume of 3,16,021. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $61.36. The peak price level was also seen at $61.36 while the days lowest was $60.54. Finally the shares closed at $60.92. The 52-week high of the shares is $63.14 while the 52-week low is $44.13. According to the latest information available, the market cap of the company is $2,971 M.

Several Insider Transactions has been reported to the SEC. On Apr 28, 2016, David J Lindsay (VP-Admin. & Chief Admin. Off.) sold 21,700 shares at $59.52 per share price.Also, On Oct 21, 2015, Robert H Jenkins (director) sold 7,500 shares at $46.69 per share price.On Jul 2, 2015, Sam Ferrise (President-Baldwin) sold 10,213 shares at $62.50 per share price, according to the Form-4 filing with the securities and exchange commission.

CLARCOR Inc. is engaged in the marketing and manufacturing of mobile industrial and environmental filtration products. The Company’s segments are Engine/Mobile Filtration and Industrial/Environmental Filtration. The Company’s Engine/Mobile Filtration segment manufactures and sells filtration products for on-road and off-road mobile and stationary applications including trucks agricultural machinery construction and mining equipment marine automobiles transit buses and other industrial and specialty applications. The Company’s Industrial/Environmental Filtration segment manufactures and sells filtration products used in industrial and commercial processes and in buildings and infrastructures of various types. The Company’s filters and filter systems are used in commercial and industrial buildings hospitals manufacturing processes pharmaceutical processes clean rooms airports shipyards and refineries other oil and natural gas facilities among others.

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