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

Calumet Specialty Products Partners (NASDAQ:CLMT) is expected to be releasing its Q1 2025 earnings data before the market opens on Friday, May 9th. Analysts expect Calumet Specialty Products Partners to post earnings of ($0.28) per share and revenue of $899.62 million for the quarter.

Calumet Specialty Products Partners (NASDAQ:CLMT) last released its earnings results on Friday, February 28th. The oil and gas company reported ($0.47) EPS for the quarter, beating the consensus estimate of ($1.06) by $0.59. The company had revenue of $949.50 million for the quarter, compared to analyst estimates of $921.76 million. Calumet Specialty Products Partners’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.59) earnings per share. 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 Price Performance

NASDAQ:CLMT opened at $10.69 on Friday. The stock has a market cap of $918.31 million, a P/E ratio of -3.87 and a beta of 1.42. Calumet Specialty Products Partners has a one year low of $7.68 and a one year high of $25.29. The company has a fifty day moving average price of $11.55 and a 200 day moving average price of $17.01.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Calumet Specialty Products Partners news, Director Stephen P. Mawer sold 3,655 shares of the company’s stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $9.29, for a total transaction of $33,954.95. Following the completion of the sale, the director now owns 283,652 shares in the company, valued at approximately $2,635,127.08. The trade was a 1.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David Lunin bought 2,500 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price of $13.05 per share, with a total value of $32,625.00. Following the transaction, the chief financial officer now directly owns 2,500 shares in the company, valued at approximately $32,625. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 2.91% of the stock is currently owned by corporate insiders.

Calumet Specialty Products Partners Company Profile

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.