US Ecology (ECOL) Posts Quarterly Earnings, Beats Expectations By $0.06 EPS
US Ecology (NASDAQ:ECOL) issued its quarterly earnings data on Wednesday. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.06, Analyst Ratings News reports. The company had revenue of $66.00 million for the quarter, compared to the consensus estimate of $57.77 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 44.1% on a year-over-year basis. US Ecology updated its FY14 guidance to $1.70-1.80 EPS.
Shares of US Ecology (NASDAQ:ECOL) traded down 0.46% during mid-day trading on Wednesday, hitting $45.86. 191,631 shares of the company’s stock traded hands. US Ecology has a 1-year low of $27.33 and a 1-year high of $51.60. The stock’s 50-day moving average is $48.10 and its 200-day moving average is $42.95. The company has a market cap of $987.4 million and a price-to-earnings ratio of 24.88.
A number of research firms have recently commented on ECOL. 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. 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. Six 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.
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.
Receive News & Ratings for US Ecology Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Ecology Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.