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

Calumet Specialty Products Partners (NASDAQ:CLMT) will be announcing its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of ($0.74) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Calumet Specialty Products Partners (NASDAQ:CLMT) last released its earnings results on Friday, February 23rd. The oil and gas company reported ($0.59) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.40). The firm had revenue of $976.50 million for the quarter, compared to the consensus estimate of $856.71 million. During the same period in the previous year, the business earned ($0.21) EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts expect Calumet Specialty Products Partners to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Calumet Specialty Products Partners Stock Performance

CLMT stock opened at $16.31 on Wednesday. Calumet Specialty Products Partners has a one year low of $11.91 and a one year high of $19.91. The stock has a market capitalization of $1.31 billion, a PE ratio of 20.65 and a beta of 1.75. The company has a fifty day moving average of $15.17 and a 200-day moving average of $15.85.

Wall Street Analyst Weigh In

CLMT has been the subject of several recent analyst reports. HC Wainwright reiterated a “buy” rating and issued a $25.00 price objective on shares of Calumet Specialty Products Partners in a research note on Monday, April 22nd. The Goldman Sachs Group reduced their price objective on shares of Calumet Specialty Products Partners from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, StockNews.com initiated coverage on shares of Calumet Specialty Products Partners in a research note on Wednesday. They issued a “hold” rating for the company.

About Calumet Specialty Products Partners

Calumet Specialty Products Partners, L.P. 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; Performance brands; Montana/Renewables; and Corporate segments.