CARBO Ceramics (NYSE:CRR) released its quarterly earnings data on Friday. The oil and gas company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.53), Briefing.com reports. The company had revenue of $43.50 million for the quarter, compared to analysts’ expectations of $45.88 million. CARBO Ceramics had a negative return on equity of 21.61% and a negative net margin of 37.95%. The firm’s quarterly revenue was down 19.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.62) EPS.
CRR stock traded down $0.12 during trading on Friday, reaching $1.56. 156,830 shares of the company were exchanged, compared to its average volume of 381,028. The company has a market cap of $44.36 million, a P/E ratio of -0.58 and a beta of 1.63. CARBO Ceramics has a 52-week low of $0.83 and a 52-week high of $5.32. The stock’s 50 day moving average price is $2.01 and its 200 day moving average price is $1.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 3.21.
CRR has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of CARBO Ceramics from a “sell” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Companies set a $1.00 price objective on shares of CARBO Ceramics and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, ValuEngine raised shares of CARBO Ceramics from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.
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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