Analysts expect that Clean Harbors Inc (NYSE:CLH) will announce earnings per share (EPS) of $0.74 for the current quarter, Zacks reports. Four analysts have provided estimates for Clean Harbors’ earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.70. Clean Harbors reported earnings per share of $0.59 in the same quarter last year, which would indicate a positive year over year growth rate of 25.4%. The company is expected to announce its next quarterly earnings report on Wednesday, October 30th.
On average, analysts expect that Clean Harbors will report full-year earnings of $1.94 per share for the current financial year, with EPS estimates ranging from $1.91 to $1.97. For the next fiscal year, analysts forecast that the firm will report earnings of $2.36 per share, with EPS estimates ranging from $2.18 to $2.72. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Clean Harbors.
Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. The firm had revenue of $868.68 million for the quarter, compared to analysts’ expectations of $880.97 million. Clean Harbors had a net margin of 2.53% and a return on equity of 7.46%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share.
CLH has been the topic of a number of research analyst reports. CIBC raised Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 target price on the stock in a research note on Thursday, August 1st. Zacks Investment Research raised Clean Harbors from a “sell” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Friday, August 2nd. Oppenheimer raised Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 target price on the stock in a research note on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $86.00 target price on shares of Clean Harbors in a research note on Friday. Finally, Robert W. Baird increased their target price on Clean Harbors from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $82.00.
Clean Harbors stock opened at $71.63 on Friday. The stock has a market cap of $4.20 billion, a P/E ratio of 47.53 and a beta of 1.59. Clean Harbors has a fifty-two week low of $46.21 and a fifty-two week high of $80.06. The firm’s fifty day moving average price is $73.30 and its 200-day moving average price is $69.31. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.59 and a current ratio of 1.91.
In other Clean Harbors news, COO Eric W. Gerstenberg sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $78.52, for a total transaction of $1,570,400.00. Following the completion of the sale, the chief operating officer now directly owns 74,557 shares in the company, valued at $5,854,215.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andrea Robertson sold 2,557 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $78.98, for a total transaction of $201,951.86. Following the sale, the director now owns 13,467 shares of the company’s stock, valued at $1,063,623.66. The disclosure for this sale can be found here. In the last three months, insiders sold 82,824 shares of company stock worth $5,757,206. 8.10% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new stake in Clean Harbors during the fourth quarter valued at about $30,000. Private Capital Group LLC boosted its position in Clean Harbors by 35.8% during the second quarter. Private Capital Group LLC now owns 815 shares of the business services provider’s stock valued at $45,000 after buying an additional 215 shares during the period. O Shaughnessy Asset Management LLC boosted its position in Clean Harbors by 148.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 761 shares of the business services provider’s stock valued at $54,000 after buying an additional 455 shares during the period. Quadrant Capital Group LLC purchased a new stake in Clean Harbors during the first quarter valued at about $56,000. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Clean Harbors during the first quarter worth about $70,000. Institutional investors and hedge funds own 90.98% of the company’s stock.
Clean Harbors Company Profile
Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.
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