Zacks: Analysts Anticipate Clean Harbors, Inc. (NYSE:CLH) Will Announce Quarterly Sales of $787.06 Million


Share on StockTwits

Analysts expect Clean Harbors, Inc. (NYSE:CLH) to report $787.06 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Clean Harbors’ earnings. The lowest sales estimate is $762.10 million and the highest is $826.00 million. Clean Harbors posted sales of $858.56 million during the same quarter last year, which would suggest a negative year over year growth rate of 8.3%. The business is expected to report its next earnings results on Wednesday, May 5th.

According to Zacks, analysts expect that Clean Harbors will report full year sales of $3.31 billion for the current year, with estimates ranging from $3.16 billion to $3.41 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.45 billion, with estimates ranging from $3.32 billion to $3.50 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Clean Harbors.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Tuesday, February 23rd. The business services provider reported $0.63 EPS for the quarter, beating the consensus estimate of $0.39 by $0.24. Clean Harbors had a net margin of 3.72% and a return on equity of 9.35%. The company had revenue of $796.19 million for the quarter, compared to analyst estimates of $802.62 million.

Several equities research analysts have commented on the stock. The Goldman Sachs Group initiated coverage on shares of Clean Harbors in a report on Wednesday, April 7th. They issued a “neutral” rating on the stock. Raymond James increased their target price on shares of Clean Harbors from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 3rd. Needham & Company LLC increased their target price on shares of Clean Harbors from $104.00 to $107.00 and gave the stock a “buy” rating in a research note on Monday, March 15th. Berenberg Bank raised shares of Clean Harbors from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research note on Thursday, January 21st. Finally, Oppenheimer increased their target price on shares of Clean Harbors from $90.00 to $95.00 and gave the stock an “outperformer” rating in a research note on Wednesday, March 3rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Clean Harbors currently has an average rating of “Buy” and an average target price of $87.00.

NYSE:CLH traded up $1.23 during mid-day trading on Wednesday, hitting $87.75. The company’s stock had a trading volume of 197,266 shares, compared to its average volume of 287,033. Clean Harbors has a 1 year low of $45.13 and a 1 year high of $91.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.33 and a quick ratio of 1.99. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 40.81 and a beta of 1.72. The business’s fifty day moving average is $87.20 and its two-hundred day moving average is $76.94.

In other news, Director Andrea Robertson sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 25th. The shares were sold at an average price of $89.42, for a total transaction of $134,130.00. Following the completion of the sale, the director now owns 11,863 shares in the company, valued at approximately $1,060,789.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $86.39, for a total transaction of $863,900.00. In the last quarter, insiders sold 26,667 shares of company stock valued at $2,340,870. 7.70% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System increased its holdings in shares of Clean Harbors by 10.6% during the 4th quarter. California Public Employees Retirement System now owns 130,936 shares of the business services provider’s stock worth $9,964,000 after buying an additional 12,569 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of Clean Harbors by 3.0% during the 4th quarter. Los Angeles Capital Management LLC now owns 98,914 shares of the business services provider’s stock worth $7,527,000 after purchasing an additional 2,875 shares during the period. Voloridge Investment Management LLC boosted its position in shares of Clean Harbors by 408.7% during the 3rd quarter. Voloridge Investment Management LLC now owns 43,420 shares of the business services provider’s stock worth $2,433,000 after purchasing an additional 34,884 shares during the period. SG Americas Securities LLC purchased a new position in shares of Clean Harbors during the 4th quarter worth approximately $2,064,000. Finally, Hood River Capital Management LLC purchased a new position in shares of Clean Harbors during the 4th quarter worth approximately $27,991,000. Institutional investors and hedge funds own 87.98% of the company’s stock.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental 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, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack services, which comprise collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

Featured Story: Basic Economics

Get a free copy of the Zacks research report on Clean Harbors (CLH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Clean Harbors (NYSE:CLH)

Receive News & Ratings for Clean Harbors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Harbors and related companies with MarketBeat.com's FREE daily email newsletter.