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

Calumet Specialty Products Partners (NASDAQ:CLMT - Get Free Report) is anticipated to release its Q1 2025 earnings data before the market opens on Friday, May 9th. Analysts expect the company to announce earnings of ($0.28) per share and revenue of $899.62 million for the quarter.

Calumet Specialty Products Partners (NASDAQ:CLMT - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The oil and gas company reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($1.06) by $0.59. The business had revenue of $949.50 million during the quarter, compared to the consensus estimate of $921.76 million. During the same quarter in the prior year, the firm posted ($0.59) EPS. The company's revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts expect Calumet Specialty Products Partners to post $-3 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Calumet Specialty Products Partners Stock Performance

CLMT stock traded up $0.56 during trading on Friday, hitting $11.25. 976,145 shares of the company's stock traded hands, compared to its average volume of 851,451. Calumet Specialty Products Partners has a 52 week low of $7.68 and a 52 week high of $25.29. The stock has a market capitalization of $969.83 million, a price-to-earnings ratio of -4.08 and a beta of 0.89. The business has a fifty day simple moving average of $11.46 and a 200 day simple moving average of $16.87.

Wall Street Analysts Forecast Growth

CLMT has been the topic of several analyst reports. HC Wainwright reissued a "buy" rating and set a $33.00 price objective on shares of Calumet Specialty Products Partners in a research note on Monday, March 3rd. TD Cowen downgraded Calumet Specialty Products Partners from a "buy" rating to a "hold" rating and lowered their price target for the stock from $26.00 to $16.00 in a research report on Tuesday, March 4th. Wells Fargo & Company cut their price objective on shares of Calumet Specialty Products Partners from $28.00 to $23.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. UBS Group upgraded shares of Calumet Specialty Products Partners from a "sell" rating to a "neutral" rating and lowered their target price for the stock from $15.00 to $12.00 in a report on Monday, March 17th. Finally, The Goldman Sachs Group reduced their price objective on shares of Calumet Specialty Products Partners from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Calumet Specialty Products Partners currently has an average rating of "Hold" and a consensus target price of $19.60.

Insider Buying and Selling at Calumet Specialty Products Partners

In related news, Director Stephen P. Mawer sold 3,655 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $12.88, for a total value of $47,076.40. Following the completion of the sale, the director now owns 287,307 shares in the company, valued at approximately $3,700,514.16. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Lunin bought 2,500 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $13.05 per share, with a total value of $32,625.00. Following the completion of the transaction, the chief financial officer now owns 2,500 shares in the company, valued at $32,625. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.91% of the stock is owned by corporate insiders.

About Calumet Specialty Products Partners

Calumet, Inc engages in the manufacturing, formulating, and marketing of a diversified slate of specialty branded products and renewable fuels to customers across a broad range of consumer-facing and industrial markets. It operates through the following segments: Specialty Products & Solutions, Performance Brands, Montana/Renewables, and Corporate.