US Ecology, Inc. (NASDAQ:ECOL) Expected to Announce Earnings of $0.38 Per Share
Brokerages predict that US Ecology, Inc. (NASDAQ:ECOL) will post earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for US Ecology’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.45. US Ecology posted earnings of $0.37 per share during the same quarter last year, which suggests a positive year over year growth rate of 2.7%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that US Ecology will report full-year earnings of $1.76 per share for the current financial year, with EPS estimates ranging from $1.68 to $1.80. For the next fiscal year, analysts anticipate that the business will report earnings of $2.05 per share, with EPS estimates ranging from $1.95 to $2.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover US Ecology.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, April 27th. The business services provider reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.07. US Ecology had a net margin of 6.73% and a return on equity of 11.45%. The firm had revenue of $110.23 million for the quarter, compared to analysts’ expectations of $109.90 million. During the same period in the previous year, the firm posted $0.32 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year.
Several equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of US Ecology from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price target on shares of US Ecology in a research note on Wednesday. Canaccord Genuity reissued a “buy” rating on shares of US Ecology in a research report on Friday, April 28th. BMO Capital Markets initiated coverage on shares of US Ecology in a research report on Thursday, June 29th. They issued a “market perform” rating and a $54.00 target price for the company. Finally, Zacks Investment Research downgraded shares of US Ecology from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $50.75.
US Ecology (NASDAQ:ECOL) traded up 0.48% during mid-day trading on Friday, hitting $52.75. The stock had a trading volume of 94,041 shares. US Ecology has a one year low of $38.00 and a one year high of $54.00. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 36.13 and a beta of 0.68. The company has a 50 day moving average price of $51.18 and a 200-day moving average price of $49.97.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 21st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Wednesday, July 19th. US Ecology’s dividend payout ratio (DPR) is presently 49.32%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in US Ecology by 133,529.0% in the first quarter. BlackRock Inc. now owns 2,595,075 shares of the business services provider’s stock valued at $121,579,000 after buying an additional 2,593,133 shares during the period. Norges Bank acquired a new position in US Ecology during the fourth quarter valued at approximately $6,354,000. GW&K Investment Management LLC raised its position in US Ecology by 23.8% in the second quarter. GW&K Investment Management LLC now owns 511,609 shares of the business services provider’s stock valued at $25,836,000 after buying an additional 98,202 shares during the period. Macquarie Group Ltd. raised its position in US Ecology by 27.6% in the fourth quarter. Macquarie Group Ltd. now owns 430,537 shares of the business services provider’s stock valued at $21,161,000 after buying an additional 93,144 shares during the period. Finally, Vanguard Group Inc. raised its position in US Ecology by 5.6% in the first quarter. Vanguard Group Inc. now owns 1,143,790 shares of the business services provider’s stock valued at $53,586,000 after buying an additional 60,791 shares during the period. 86.02% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/07/21/us-ecology-inc-nasdaqecol-expected-to-announce-earnings-of-0-38-per-share.html.
About US Ecology
US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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 MarketBeat.com's FREE daily email newsletter.