Quarterly Dividend of $0.27 Announced by Carbo Ceramics (CRR)
Carbo Ceramics (NYSE:CRR) announced a quarterly dividend on Tuesday, January 22nd. Stockholders of record on Friday, February 1st will be paid a dividend of $0.27 per share on Friday, February 15th. This represents a $1.08 annualized dividend and a dividend yield of 1.33%.
CRR has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Carbo Ceramics to a “buy” rating in a research note to investors on Monday, December 3rd. On a related note, analysts at BMO Capital Markets cut their price target on shares of Carbo Ceramics from $110.00 to $85.00 in a research note to investors on Friday, October 26th. They now have an “outperform” rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of Carbo Ceramics from an “underweight” rating to an “equal weight” rating in a research note to investors on Thursday, October 25th. They now have a $80.00 price target on the stock, up previously from $55.00.
One research analyst has rated the stock with a buy rating, one has assigned an overweight rating, eight have assigned a hold rating, and one has assigned a sell rating to the company. The stock presently has a consensus rating of “hold” and an average target price of $77.75.
Shares of Carbo Ceramics (CRR) traded up 0.52% during mid-day trading on Tuesday, hitting $81.01. Carbo Ceramics (CRR) has a 52 week low of $60.33 and a 52 week high of $134.69. The stock’s 50-day moving average is currently $79.83. The company has a market cap of $1.871 billion and a P/E ratio of 15.62.
Carbo Ceramics last posted its quarterly earnings results on Thursday, October 25th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.99 by $0.05. The company’s quarterly revenue was down 9.6% on a year-over-year basis. On average, analysts predict that Carbo Ceramics (CRR) will post $4.61 earnings per share for the current fiscal year.
CARBO Ceramics Inc., is a supplier of ceramic proppant. The Company is a provider of software, and consulting services, spill prevention, containment and geotechnical monitoring.
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