Wall Street brokerages forecast that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will report sales of $72.88 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Heritage-Crystal Clean’s earnings, with estimates ranging from $68.17 million to $82.60 million. Heritage-Crystal Clean posted sales of $105.00 million in the same quarter last year, which suggests a negative year over year growth rate of 30.6%. The business is scheduled to announce its next earnings results after the market closes on Wednesday, July 22nd.
According to Zacks, analysts expect that Heritage-Crystal Clean will report full year sales of $382.84 million for the current fiscal year, with estimates ranging from $357.71 million to $419.30 million. For the next year, analysts anticipate that the business will report sales of $431.41 million, with estimates ranging from $421.83 million to $447.50 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Heritage-Crystal Clean.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.10. Heritage-Crystal Clean had a return on equity of 10.18% and a net margin of 3.55%. The firm had revenue of $107.26 million for the quarter, compared to the consensus estimate of $106.40 million.
A number of research analysts have weighed in on the company. Barrington Research reiterated a “buy” rating and set a $22.00 target price on shares of Heritage-Crystal Clean in a report on Wednesday, May 6th. Needham & Company LLC upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, June 19th. Roth Capital reduced their target price on Heritage-Crystal Clean from $32.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Stifel Nicolaus reduced their target price on Heritage-Crystal Clean from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Finally, Zacks Investment Research downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.00.
HCCI stock opened at $15.62 on Tuesday. Heritage-Crystal Clean has a fifty-two week low of $11.30 and a fifty-two week high of $32.58. The business’s 50 day moving average price is $17.11 and its two-hundred day moving average price is $21.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.42 and a current ratio of 1.77. The company has a market capitalization of $357.94 million, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 19.54 and a beta of 1.64.
In other Heritage-Crystal Clean news, CEO Brian Recatto acquired 3,500 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $13.95 per share, with a total value of $48,825.00. Following the transaction, the chief executive officer now owns 514,009 shares of the company’s stock, valued at approximately $7,170,425.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its holdings in shares of Heritage-Crystal Clean by 42.7% during the 4th quarter. Bank of Montreal Can now owns 1,881 shares of the industrial products company’s stock valued at $59,000 after buying an additional 563 shares during the period. Windsor Group LTD lifted its holdings in shares of Heritage-Crystal Clean by 0.6% during the 2nd quarter. Windsor Group LTD now owns 100,983 shares of the industrial products company’s stock valued at $1,763,000 after buying an additional 605 shares during the period. Sheets Smith Wealth Management lifted its holdings in shares of Heritage-Crystal Clean by 5.4% during the 1st quarter. Sheets Smith Wealth Management now owns 13,229 shares of the industrial products company’s stock valued at $215,000 after buying an additional 683 shares during the period. Great West Life Assurance Co. Can bought a new position in shares of Heritage-Crystal Clean during the 4th quarter valued at $31,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Heritage-Crystal Clean by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,640 shares of the industrial products company’s stock worth $2,467,000 after purchasing an additional 999 shares in the last quarter. 63.11% of the stock is currently owned by hedge funds and other institutional investors.
Heritage-Crystal Clean Company Profile
Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.
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