US Ecology Inc (ECOL) Updates FY14 Earnings Guidance
US Ecology Inc (NASDAQ:ECOL) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.70-1.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.72, AmericanBankingNews.com reports.
Shares of US Ecology Inc (NASDAQ:ECOL) traded down 0.46% during mid-day trading on Wednesday, hitting $45.86. The stock had a trading volume of 191,631 shares. US Ecology Inc has a 1-year low of $27.33 and a 1-year high of $51.60. The stock’s 50-day moving average is $48.17 and its 200-day moving average is $42.93. The company has a market cap of $987.4 million and a P/E ratio of 24.88.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.06. 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. US Ecology’s revenue was up 44.1% compared to the same quarter last year. Analysts expect that US Ecology Inc will post $1.86 EPS for the current fiscal year.
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. 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 stock currently has an average 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.
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