Zacks: Brokerages Expect Clean Harbors, Inc. (NYSE:CLH) Will Announce Earnings of $0.26 Per Share


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Brokerages expect that Clean Harbors, Inc. (NYSE:CLH) will announce earnings of $0.26 per share for the current quarter, Zacks reports. Four analysts have made estimates for Clean Harbors’ earnings, with estimates ranging from $0.24 to $0.29. Clean Harbors posted earnings of $0.28 per share during the same quarter last year, which indicates a negative year over year growth rate of 7.1%. The firm is expected to issue its next quarterly earnings results on Wednesday, May 5th.

On average, analysts expect that Clean Harbors will report full year earnings of $2.35 per share for the current financial year, with EPS estimates ranging from $2.26 to $2.50. For the next year, analysts forecast that the firm will report earnings of $2.71 per share, with EPS estimates ranging from $2.35 to $3.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Clean Harbors.

Clean Harbors (NYSE:CLH) last announced 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 brokerages have commented on CLH. Raymond James raised their price target on shares of Clean Harbors from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, March 3rd. The Goldman Sachs Group assumed coverage on shares of Clean Harbors in a research note on Wednesday, April 7th. They set a “neutral” rating on the stock. Oppenheimer raised their price objective on shares of Clean Harbors from $90.00 to $95.00 and gave the company an “outperformer” rating in a research note on Wednesday, March 3rd. Zacks Investment Research lowered shares of Clean Harbors from a “strong-buy” rating to a “hold” rating and set a $79.00 price objective on the stock. in a research note on Tuesday, January 5th. Finally, Needham & Company LLC raised their price objective on shares of Clean Harbors from $104.00 to $107.00 and gave the company a “buy” rating in a research note on Monday, March 15th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $87.00.

Shares of NYSE:CLH traded down $0.04 during trading hours on Monday, hitting $88.74. The stock had a trading volume of 213,894 shares, compared to its average volume of 289,466. The stock’s fifty day simple moving average is $87.15 and its 200 day simple moving average is $76.65. Clean Harbors has a 1-year low of $45.13 and a 1-year high of $91.94. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 41.27 and a beta of 1.72. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.99 and a current ratio of 2.33.

In other news, Director Andrea Robertson sold 1,500 shares of Clean Harbors stock in a transaction on Thursday, February 25th. The stock was sold at an average price of $89.42, for a total transaction of $134,130.00. Following the transaction, the director now owns 11,863 shares in the company, valued at $1,060,789.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Speights sold 1,007 shares of the company’s stock in a transaction on Wednesday, March 31st. The shares were sold at an average price of $84.34, for a total value of $84,930.38. Following the transaction, the insider now directly owns 20,608 shares in the company, valued at $1,738,078.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,667 shares of company stock worth $2,340,870. 7.70% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Credit Suisse AG raised its position in Clean Harbors by 4.4% during the fourth quarter. Credit Suisse AG now owns 1,044,370 shares of the business services provider’s stock valued at $79,477,000 after buying an additional 44,250 shares during the period. FIL Ltd raised its position in Clean Harbors by 6.1% during the fourth quarter. FIL Ltd now owns 909,969 shares of the business services provider’s stock valued at $69,249,000 after buying an additional 51,960 shares during the period. Federated Hermes Inc. raised its position in Clean Harbors by 10.2% during the fourth quarter. Federated Hermes Inc. now owns 783,811 shares of the business services provider’s stock valued at $59,648,000 after buying an additional 72,446 shares during the period. Norges Bank acquired a new position in Clean Harbors during the fourth quarter valued at $46,850,000. Finally, Charles Schwab Investment Management Inc. raised its position in Clean Harbors by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 492,778 shares of the business services provider’s stock valued at $37,501,000 after buying an additional 6,599 shares during the period. 87.98% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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