Clean Harbors, Inc. (NYSE:CLH) to Release Quarterly Earnings on Tuesday
Clean Harbors, Inc. (NYSE:CLH) will be issuing its quarterly earnings data before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.26 per share for the quarter.
Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 3rd. The business services provider reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $688.90 million during the quarter, compared to analyst estimates of $662.27 million. During the same quarter last year, the business posted ($0.22) EPS. The firm’s revenue was up 8.3% on a year-over-year basis. On average, analysts expect Clean Harbors to post $0.69 EPS for the current fiscal year and $1.16 EPS for the next fiscal year.
Shares of Clean Harbors, Inc. (CLH) opened at 56.28 on Tuesday. The stock has a 50 day moving average of $56.16 and a 200 day moving average of $56.34. The firm’s market cap is $3.22 billion. Clean Harbors, Inc. has a 1-year low of $43.03 and a 1-year high of $61.62.
Several research firms have recently commented on CLH. KeyCorp upped their price target on shares of Clean Harbors from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 23rd. BMO Capital Markets began coverage on shares of Clean Harbors in a research report on Thursday, June 29th. They set an “outperform” rating and a $65.00 price target for the company. Stifel Nicolaus restated a “buy” rating and set a $67.00 price target on shares of Clean Harbors in a research report on Wednesday, July 19th. Wedbush reiterated an “outperform” rating and issued a $63.00 target price on shares of Clean Harbors in a research report on Tuesday, April 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $66.00 target price on shares of Clean Harbors in a research report on Thursday, July 13th. Two equities research 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 company currently has a consensus rating of “Hold” and an average target price of $60.92.
In other Clean Harbors news, insider David M. Parry sold 4,402 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $58.96, for a total value of $259,541.92. Following the completion of the sale, the insider now directly owns 39,955 shares of the company’s stock, valued at approximately $2,355,746.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea Robertson sold 1,034 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $60.62, for a total transaction of $62,681.08. Following the completion of the sale, the director now directly owns 14,136 shares of the company’s stock, valued at $856,924.32. The disclosure for this sale can be found here. Insiders sold a total of 11,452 shares of company stock valued at $668,576 over the last three months. 9.50% of the stock is owned by corporate insiders.
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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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