Calumet Specialty Products Partners (CLMT) to Release Quarterly Earnings on Friday

Calumet Specialty Products Partners (NASDAQ:CLMT) is set to issue its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of ($0.59) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Calumet Specialty Products Partners (NASDAQ:CLMT) last issued its quarterly earnings results on Friday, August 9th. The oil and gas company reported ($0.48) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.07. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $889.17 million. During the same period in the previous year, the company posted ($0.19) earnings per share. Calumet Specialty Products Partners’s revenue was up 11.4% compared to the same quarter last year. On average, analysts expect Calumet Specialty Products Partners to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Calumet Specialty Products Partners Trading Up 0.6 %

Shares of NASDAQ CLMT opened at $21.33 on Friday. Calumet Specialty Products Partners has a twelve month low of $9.97 and a twelve month high of $25.29. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of -304.71 and a beta of 1.92. The firm has a 50-day moving average of $19.05 and a two-hundred day moving average of $16.68.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CLMT. Wells Fargo & Company upped their price target on shares of Calumet Specialty Products Partners from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, October 21st. HC Wainwright reissued a “buy” rating and issued a $25.00 price target on shares of Calumet Specialty Products Partners in a report on Thursday, October 17th. StockNews.com began coverage on shares of Calumet Specialty Products Partners in a report on Wednesday, October 23rd. They issued a “sell” rating for the company. TD Cowen upped their price objective on shares of Calumet Specialty Products Partners from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group reduced their price objective on shares of Calumet Specialty Products Partners from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.00.

About Calumet Specialty Products Partners

Calumet, Inc manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally. It operates through Specialty Products and Solutions; Montana/Renewables; and Performance brands segments.