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Fly News Breaks for March 26, 2015
CRR
Mar 26, 2015 | 13:24 EDT
Iberia has lowered CARBO Ceramics estimates to reflect the "dramatic" decline in North American completion activity, combined with the recent dividend/capex cuts and the mothballing of the McIntyre plant. The firm lowered ceramic sales volume and average price expectations and reduced its 2015 earnings estimate to ($2.41) from 37c and 2016 earnings estimate to (33c) from $1.57. Iberia rates shares an Underperform with a $17 price target.
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