Calumet Specialty Products Partners, L.P (CLMT) Expected to Announce Quarterly Sales of $754.61 Million

Brokerages forecast that Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) will announce $754.61 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Calumet Specialty Products Partners, L.P’s earnings, with estimates ranging from $733.00 million to $776.22 million. Calumet Specialty Products Partners, L.P posted sales of $937.40 million in the same quarter last year, which would indicate a negative year over year growth rate of 19.5%. The business is scheduled to announce its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Calumet Specialty Products Partners, L.P will report full-year sales of $754.61 million for the current fiscal year, with estimates ranging from $2.93 billion to $2.97 billion. For the next financial year, analysts forecast that the firm will post sales of $2.86 billion per share, with estimates ranging from $2.76 billion to $2.96 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Calumet Specialty Products Partners, L.P.

Several equities analysts recently issued reports on CLMT shares. Zacks Investment Research cut Calumet Specialty Products Partners, L.P from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. BidaskClub cut Calumet Specialty Products Partners, L.P from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Finally, ValuEngine upgraded Calumet Specialty Products Partners, L.P from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $8.19.



A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in Calumet Specialty Products Partners, L.P in the fourth quarter worth $130,000. Jane Street Group LLC acquired a new stake in Calumet Specialty Products Partners, L.P in the third quarter worth $145,000. Virtu Financial LLC acquired a new stake in Calumet Specialty Products Partners, L.P in the fourth quarter worth $178,000. SeaCrest Wealth Management LLC acquired a new stake in Calumet Specialty Products Partners, L.P in the fourth quarter worth $179,000. Finally, Bank of New York Mellon Corp acquired a new stake in Calumet Specialty Products Partners, L.P in the third quarter worth $284,000. Hedge funds and other institutional investors own 14.55% of the company’s stock.

CLMT traded up $0.22 during trading hours on Friday, hitting $7.35. 209,595 shares of the stock were exchanged, compared to its average volume of 319,628. Calumet Specialty Products Partners, L.P has a 12 month low of $3.40 and a 12 month high of $9.95. The stock has a market capitalization of $546.03, a PE ratio of -13.13 and a beta of 1.14. The company has a debt-to-equity ratio of 15.44, a current ratio of 1.29 and a quick ratio of 0.95.

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Calumet Specialty Products Partners, L.P Company Profile

Calumet Specialty Products Partners, L.P. is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products and oilfield services. In its specialty products segment, the Company processes crude oil and other feedstocks into a range of customized lubricating oils, white mineral oils, solvents, petrolatums and waxes.

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