Zacks: Analysts Anticipate Clean Harbors, Inc. (CLH) Will Announce Quarterly Sales of $734.58 Million
Brokerages expect Clean Harbors, Inc. (NYSE:CLH) to report $734.58 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Clean Harbors’ earnings. The highest sales estimate is $744.90 million and the lowest is $724.00 million. Clean Harbors posted sales of $697.51 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The company 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 sales of $734.58 million for the current fiscal year, with estimates ranging from $2.88 billion to $2.96 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.05 billion per share, with estimates ranging from $3.00 billion to $3.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Clean Harbors.
Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, May 3rd. The business services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by $0.01. Clean Harbors had a negative net margin of 1.44% and a positive return on equity of 0.31%. The firm had revenue of $688.90 million during the quarter, compared to analyst estimates of $662.27 million. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis.
CLH has been the topic of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price objective on shares of Clean Harbors in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price objective on shares of Clean Harbors in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Clean Harbors from a “strong sell” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Tuesday, May 2nd. ValuEngine upgraded shares of Clean Harbors from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BMO Capital Markets initiated coverage on shares of Clean Harbors in a research report on Thursday, June 29th. They issued an “outperform” rating and a $65.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $60.92.
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In other news, Director Andrea Robertson sold 1,034 shares of Clean Harbors stock in a transaction on Friday, May 5th. The stock was sold at an average price of $60.62, for a total transaction of $62,681.08. Following the completion of the transaction, the director now owns 14,136 shares of the company’s stock, valued at approximately $856,924.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian P. Weber sold 1,945 shares of Clean Harbors stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $54.06, for a total value of $105,146.70. Following the transaction, the executive vice president now directly owns 51,656 shares of the company’s stock, valued at approximately $2,792,523.36. The disclosure for this sale can be found here. In the last three months, insiders sold 11,452 shares of company stock valued at $668,576. 9.50% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLH. Neuburgh Advisers LLC increased its position in Clean Harbors by 7.1% in the first quarter. Neuburgh Advisers LLC now owns 1,980 shares of the business services provider’s stock valued at $110,000 after buying an additional 132 shares during the period. Tyers Asset Management LLC increased its position in Clean Harbors by 7.1% in the first quarter. Tyers Asset Management LLC now owns 2,520 shares of the business services provider’s stock valued at $140,000 after buying an additional 168 shares during the period. Flinton Capital Management LLC increased its position in Clean Harbors by 7.1% in the first quarter. Flinton Capital Management LLC now owns 3,060 shares of the business services provider’s stock valued at $170,000 after buying an additional 204 shares during the period. Asset Management One Co. Ltd. increased its position in Clean Harbors by 15.7% in the first quarter. Asset Management One Co. Ltd. now owns 3,530 shares of the business services provider’s stock valued at $196,000 after buying an additional 480 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in Clean Harbors during the first quarter valued at about $205,000. 95.78% of the stock is owned by institutional investors and hedge funds.
Clean Harbors (NYSE CLH) traded down 0.11% during trading on Friday, hitting $56.38. 130,402 shares of the company traded hands. The firm’s market cap is $3.23 billion. Clean Harbors has a 52-week low of $43.03 and a 52-week high of $61.62. The company’s 50-day moving average is $56.33 and its 200 day moving average is $56.34.
Clean Harbors Company Profile
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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