US Ecology Reaches New 1-Year High Following Dividend Announcement (ECOL)
Shares of US Ecology (NASDAQ:ECOL) reached a new 52-week high on Wednesday following a dividend announcement from the company, Analyst Ratings News reports. The company traded as high as $50.78 and last traded at $50.51, with a volume of 89,001 shares traded. The stock had previously closed at $50.39.
The newly announced dividend is scheduled for Monday, July 28th. Shareholders of record on Monday, July 21st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.43%.
A number of analysts have recently weighed in on ECOL shares. Analysts at Zacks upgraded shares of US Ecology from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $53.80 price target on the stock. Separately, analysts at KeyCorp raised their price target on shares of US Ecology from $42.00 to $55.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of US Ecology in a research note on Wednesday, May 7th. They now have a $50.00 price target on the stock, up previously from $40.00. Six investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $48.30.
The stock’s 50-day moving average is $48.55 and its 200-day moving average is $41.01. The company has a market cap of $1.087 billion and a P/E ratio of 27.21.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.14. The company had revenue of $53.35 million for the quarter, compared to the consensus estimate of $46.93 million. During the same quarter last year, the company posted $0.32 earnings per share. US Ecology’s revenue was up 24.4% compared to the same quarter last year. Analysts expect that US Ecology will post $1.85 EPS for the current fiscal year.
US Ecology, Inc (NASDAQ:ECOL) through its subsidiaries, provides radioactive, hazardous, polychlorinated biphenyls (PCB) and non-hazardous industrial waste management and recycling services to commercial and government entities, such as refineries and chemical production facilities, manufacturers, electric utilities, steel mills, medical and academic institutions and waste brokers/aggregators.
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