$0.27 Earnings Per Share Expected for Clean Harbors, Inc. (NYSE:CLH) This Quarter
Analysts expect Clean Harbors, Inc. (NYSE:CLH) to post earnings of $0.27 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Clean Harbors’ earnings. The lowest EPS estimate is $0.23 and the highest is $0.31. Clean Harbors reported earnings of $0.15 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 80%. The business is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, August 2nd.
According to Zacks, analysts expect that Clean Harbors will report full-year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.61 to $0.85. For the next financial year, analysts expect that the firm will post earnings of $1.16 per share, with EPS estimates ranging from $1.05 to $1.32. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Clean Harbors.
Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, May 3rd. The business services provider reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.01. Clean Harbors had a positive return on equity of 0.31% and a negative net margin of 1.44%. The company had revenue of $688.90 million during the quarter, compared to analysts’ expectations of $662.27 million. During the same period in the prior year, the firm earned ($0.22) EPS. Clean Harbors’s quarterly revenue was up 8.3% on a year-over-year basis.
A number of brokerages have recently issued reports on CLH. Stifel Nicolaus reissued a “buy” rating and set a $67.00 target price on shares of Clean Harbors in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $66.00 target price on shares of Clean Harbors in a research note on Thursday, July 13th. BMO Capital Markets began coverage on shares of Clean Harbors in a research note on Thursday, June 29th. They set an “outperform” rating and a $65.00 target price for the company. BidaskClub lowered shares of Clean Harbors from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, ValuEngine raised shares of Clean Harbors from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Clean Harbors currently has an average rating of “Hold” and an average price target of $60.92.
In other Clean Harbors news, Director Andrea Robertson sold 1,034 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $60.62, for a total value of $62,681.08. Following the completion of the transaction, the director now directly owns 14,136 shares in the company, valued at $856,924.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 1,945 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $54.06, for a total transaction of $105,146.70. Following the completion of the transaction, the executive vice president now owns 51,656 shares of the company’s stock, valued at $2,792,523.36. The disclosure for this sale can be found here. Insiders sold 11,452 shares of company stock valued at $668,576 over the last quarter. 9.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in CLH. Massmutual Trust Co. FSB ADV acquired a new stake in Clean Harbors during the first quarter valued at about $275,000. Dubuque Bank & Trust Co. raised its stake in Clean Harbors by 9.8% in the first quarter. Dubuque Bank & Trust Co. now owns 7,643 shares of the business services provider’s stock worth $425,000 after buying an additional 681 shares during the period. Guggenheim Capital LLC raised its stake in Clean Harbors by 2.8% in the fourth quarter. Guggenheim Capital LLC now owns 9,953 shares of the business services provider’s stock worth $553,000 after buying an additional 268 shares during the period. Atria Investments LLC purchased a new stake in Clean Harbors during the first quarter worth $236,000. Finally, Hermes Investment Management Ltd. raised its stake in Clean Harbors by 1.6% in the first quarter. Hermes Investment Management Ltd. now owns 876,585 shares of the business services provider’s stock worth $48,756,000 after buying an additional 13,587 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.
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Shares of Clean Harbors (CLH) traded up 0.19% during midday trading on Thursday, hitting $56.61. 5,329 shares of the stock were exchanged. Clean Harbors has a 1-year low of $43.03 and a 1-year high of $61.62. The company’s market capitalization is $3.24 billion. The firm has a 50-day moving average of $56.39 and a 200-day moving average of $56.34.
About Clean Harbors
Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.
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