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

Calumet Specialty Products Partners (NASDAQ:CLMT) is set to announce its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of ($0.59) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Calumet Specialty Products Partners (NASDAQ:CLMT) last posted its quarterly earnings results on Friday, August 9th. The oil and gas company reported ($0.48) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.07. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $889.17 million. During the same period last year, the business earned ($0.19) earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. 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 Stock Performance

Shares of CLMT stock opened at $20.55 on Wednesday. The stock’s 50 day simple moving average is $19.10 and its 200 day simple moving average is $16.82. 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 $1.77 billion, a price-to-earnings ratio of -64.22 and a beta of 1.90.

Analyst Upgrades and Downgrades

Several brokerages have commented on CLMT. The Goldman Sachs Group dropped their price target on Calumet Specialty Products Partners from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Wells Fargo & Company lifted their price target on Calumet Specialty Products Partners from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. HC Wainwright reaffirmed a “buy” rating and issued a $25.00 price target on shares of Calumet Specialty Products Partners in a research report on Thursday, October 17th. TD Cowen lifted their price objective on Calumet Specialty Products Partners from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, StockNews.com initiated coverage on Calumet Specialty Products Partners in a report on Wednesday, October 23rd. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, Calumet Specialty Products Partners presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Calumet Specialty Products Partners Company Profile

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.