$0.17 EPS Expected for Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) This Quarter
Brokerages expect Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) to announce earnings per share of $0.17 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Heritage-Crystal Clean’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.12. Heritage-Crystal Clean reported earnings per share of $0.22 in the same quarter last year, which suggests a negative year-over-year growth rate of 22.7%. The business is scheduled to announce its next earnings report on Wednesday, October 18th.
On average, analysts expect that Heritage-Crystal Clean will report full year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.55 to $0.74. For the next year, analysts expect that the business will post earnings of $0.78 per share, with EPS estimates ranging from $0.75 to $0.80. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Heritage-Crystal Clean.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. Heritage-Crystal Clean had a net margin of 3.54% and a return on equity of 6.56%.
A number of research analysts have recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $20.00 target price on shares of Heritage-Crystal Clean in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, TheStreet raised shares of Heritage-Crystal Clean from a “c” rating to a “b-” rating in a report on Wednesday, May 17th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $17.88.
In related news, VP John Lucks sold 6,500 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $14.70, for a total value of $95,550.00. Following the sale, the vice president now directly owns 37,755 shares of the company’s stock, valued at $554,998.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carmine Falcone sold 4,500 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $15.35, for a total transaction of $69,075.00. Following the completion of the sale, the director now directly owns 3,420 shares in the company, valued at $52,497. The disclosure for this sale can be found here. Insiders sold 46,500 shares of company stock worth $694,735 over the last ninety days. 14.80% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Cannell Capital LLC bought a new stake in Heritage-Crystal Clean during the first quarter valued at about $2,594,000. Cove Street Capital LLC boosted its stake in Heritage-Crystal Clean by 4.5% in the first quarter. Cove Street Capital LLC now owns 2,625,595 shares of the industrial products company’s stock valued at $35,971,000 after buying an additional 112,295 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Heritage-Crystal Clean during the first quarter valued at about $1,201,000. Punch & Associates Investment Management Inc. boosted its stake in Heritage-Crystal Clean by 55.2% in the first quarter. Punch & Associates Investment Management Inc. now owns 197,798 shares of the industrial products company’s stock valued at $2,710,000 after buying an additional 70,342 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Heritage-Crystal Clean by 25.7% in the first quarter. Ameriprise Financial Inc. now owns 306,044 shares of the industrial products company’s stock valued at $4,193,000 after buying an additional 62,533 shares during the last quarter. 53.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Heritage-Crystal Clean (HCCI) opened at 16.10 on Wednesday. Heritage-Crystal Clean has a 12 month low of $11.85 and a 12 month high of $16.75. The stock has a market capitalization of $362.68 million, a P/E ratio of 29.38 and a beta of 2.07. The firm has a 50 day moving average of $15.60 and a 200-day moving average of $15.01.
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About Heritage-Crystal Clean
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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