Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) Issues Earnings Results, Beats Expectations By $0.04 EPS
Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04, Bloomberg Earnings reports. The firm had revenue of $86.38 million for the quarter, compared to analysts’ expectations of $82.45 million. Heritage-Crystal Clean had a net margin of 3.54% and a return on equity of 6.56%.
Heritage-Crystal Clean (NASDAQ:HCCI) traded up 11.80% on Wednesday, reaching $18.00. 215,521 shares of the company’s stock were exchanged. Heritage-Crystal Clean has a 1-year low of $11.85 and a 1-year high of $18.15. The firm’s 50 day moving average is $15.60 and its 200 day moving average is $15.01. The stock has a market capitalization of $405.49 million, a P/E ratio of 32.85 and a beta of 2.07.
A number of brokerages recently commented on HCCI. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 price objective on shares of Heritage-Crystal Clean in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, TheStreet upgraded shares of Heritage-Crystal Clean from a “c” rating to a “b-” rating in a report on Wednesday, May 17th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.88.
In related news, VP John Lucks sold 33,500 shares of Heritage-Crystal Clean stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $14.86, for a total value of $497,810.00. Following the transaction, the vice president now owns 40,699 shares of the company’s stock, valued at approximately $604,787.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carmine Falcone sold 4,500 shares of Heritage-Crystal Clean stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $15.35, for a total value of $69,075.00. Following the completion of the transaction, the director now directly owns 3,420 shares in the company, valued at approximately $52,497. The disclosure for this sale can be found here. Insiders sold a total of 46,500 shares of company stock worth $694,735 in the last three months. 14.80% of the stock is currently owned by company insiders.
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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