Brokerages Expect Heritage-Crystal Clean, Inc. (HCCI) Will Announce Quarterly Sales of $82.45 Million
Analysts expect that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will post $82.45 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Heritage-Crystal Clean’s earnings, with the lowest sales estimate coming in at $80.72 million and the highest estimate coming in at $83.70 million. Heritage-Crystal Clean reported sales of $80.55 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.4%. The company is scheduled to issue its next quarterly earnings results on Wednesday, July 26th.
According to Zacks, analysts expect that Heritage-Crystal Clean will report full year sales of $82.45 million for the current financial year, with estimates ranging from $358.78 million to $361.50 million. For the next year, analysts forecast that the business will post sales of $381.71 million per share, with estimates ranging from $377.00 million to $385.28 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Heritage-Crystal Clean.
Several brokerages have recently weighed in on HCCI. TheStreet upgraded Heritage-Crystal Clean from a “c” rating to a “b-” rating in a report on Wednesday, May 17th. Roth Capital set a $17.00 price objective on Heritage-Crystal Clean and gave the company a “buy” rating in a report on Monday, March 20th. Needham & Company LLC reiterated a “buy” rating and issued a $16.50 target price on shares of Heritage-Crystal Clean in a research note on Friday, March 3rd. Finally, Zacks Investment Research downgraded shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research note on Thursday, February 16th.
In related news, VP John Lucks sold 33,500 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $14.86, for a total value of $497,810.00. Following the completion of the sale, the vice president now directly owns 40,699 shares in the company, valued at approximately $604,787.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gregory Ray sold 60,264 shares of the firm’s stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $14.80, for a total transaction of $891,907.20. Following the sale, the chief operating officer now owns 195,226 shares of the company’s stock, valued at $2,889,344.80. The disclosure for this sale can be found here. Insiders sold a total of 114,540 shares of company stock valued at $1,706,450 over the last quarter. 14.30% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of HCCI. American International Group Inc. increased its stake in shares of Heritage-Crystal Clean by 7.0% in the first quarter. American International Group Inc. now owns 7,852 shares of the industrial products company’s stock valued at $108,000 after buying an additional 513 shares during the period. Wells Fargo & Company MN increased its stake in shares of Heritage-Crystal Clean by 0.8% in the first quarter. Wells Fargo & Company MN now owns 10,452 shares of the industrial products company’s stock valued at $143,000 after buying an additional 85 shares during the period. Trexquant Investment LP bought a new stake in shares of Heritage-Crystal Clean during the first quarter valued at about $149,000. Allianz Asset Management AG bought a new stake in shares of Heritage-Crystal Clean during the fourth quarter valued at about $206,000. Finally, Sunnymeath Asset Management Inc. increased its stake in shares of Heritage-Crystal Clean by 60.9% in the third quarter. Sunnymeath Asset Management Inc. now owns 37,000 shares of the industrial products company’s stock valued at $372,000 after buying an additional 14,000 shares during the period. Hedge funds and other institutional investors own 52.50% of the company’s stock.
Shares of Heritage-Crystal Clean (HCCI) traded up 0.66% during mid-day trading on Thursday, hitting $15.30. The company’s stock had a trading volume of 13,895 shares. Heritage-Crystal Clean has a 1-year low of $11.21 and a 1-year high of $16.75. The stock has a market cap of $344.66 million, a PE ratio of 27.92 and a beta of 1.77. The company has a 50-day moving average price of $15.44 and a 200-day moving average price of $15.01.
Heritage-Crystal Clean Company Profile
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
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