Clean Harbors Hits New 12-Month Low Following Weak Earnings (CLH)
Clean Harbors (NYSE:CLH)’s share price reached a new 52-week low during mid-day trading on Wednesday following a weaker than expected earnings announcement, AR Network reports. The company traded as low as $44.95 and last traded at $46.20, with a volume of 6,291,829 shares trading hands. The stock had previously closed at $53.94.
The company reported $0.44 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.55 by $0.11. The company had revenue of $879.40 million for the quarter, compared to the consensus estimate of $894.41 million. During the same quarter last year, the company posted $1.11 earnings per share. Clean Harbors’s revenue was up 57.3% compared to the same quarter last year.
The stock’s 50-day moving average is $55.95 and its 200-day moving average is $56.93. The company has a market cap of $2.795 billion and a P/E ratio of 24.60.
Clean Harbors, Inc (NYSE:CLH) is a provider of environmental, energy and industrial services throughout North America.
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