$0.41 Earnings Per Share Expected for Clean Harbors, Inc. (CLH) This Quarter
Wall Street brokerages predict that Clean Harbors, Inc. (NYSE:CLH) will report $0.41 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Clean Harbors’ earnings. The highest EPS estimate is $0.44 and the lowest is $0.39. Clean Harbors reported earnings per share of $0.16 during the same quarter last year, which suggests a positive year-over-year growth rate of 156.3%. The business is expected to issue its next quarterly earnings results on Wednesday, November 1st.
On average, analysts expect that Clean Harbors will report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.62 to $0.70. For the next year, analysts anticipate that the company will report earnings of $1.11 per share, with EPS estimates ranging from $1.09 to $1.13. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow Clean Harbors.
Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The company had revenue of $752.80 million for the quarter, compared to analysts’ expectations of $735.63 million. Clean Harbors had a positive return on equity of 0.79% and a negative net margin of 0.65%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share.
CLH has been the subject of several analyst reports. BMO Capital Markets initiated coverage on Clean Harbors in a research note on Thursday, June 29th. They set an “outperform” rating and a $65.00 target price for the company. BidaskClub cut Clean Harbors from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Stifel Nicolaus reissued a “buy” rating and set a $67.00 target price on shares of Clean Harbors in a research note on Wednesday, July 19th. Needham & Company LLC reissued a “buy” rating and set a $66.00 target price on shares of Clean Harbors in a research note on Thursday, July 13th. Finally, KeyCorp boosted their target price on Clean Harbors from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Clean Harbors presently has a consensus rating of “Hold” and an average price target of $62.30.
Shares of Clean Harbors (NYSE:CLH) traded down 0.06% during midday trading on Friday, hitting $53.91. The company had a trading volume of 110,541 shares. The company has a 50-day moving average of $53.49 and a 200 day moving average of $56.04. Clean Harbors has a 12 month low of $43.03 and a 12 month high of $61.62. The firm’s market capitalization is $3.08 billion.
In other news, SVP Eric J. Dugas sold 933 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $54.67, for a total transaction of $51,007.11. Following the completion of the transaction, the senior vice president now directly owns 14,766 shares of the company’s stock, valued at approximately $807,257.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brian P. Weber sold 1,945 shares of the company’s stock in a transaction dated 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 $2,792,523.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,545 shares of company stock valued at $391,464. Insiders own 9.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in shares of Clean Harbors by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 100,156 shares of the business services provider’s stock valued at $5,592,000 after purchasing an additional 4,215 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Clean Harbors by 117.6% in the 2nd quarter. SG Americas Securities LLC now owns 21,152 shares of the business services provider’s stock valued at $1,181,000 after purchasing an additional 11,431 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Clean Harbors by 19.2% in the 1st quarter. Renaissance Technologies LLC now owns 1,091,002 shares of the business services provider’s stock valued at $60,682,000 after purchasing an additional 175,602 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Clean Harbors in the 1st quarter valued at about $941,000. Finally, American International Group Inc. lifted its holdings in shares of Clean Harbors by 3.4% in the 1st quarter. American International Group Inc. now owns 104,193 shares of the business services provider’s stock valued at $5,795,000 after purchasing an additional 3,419 shares during the last quarter. 94.06% of the stock is owned by institutional investors and hedge funds.
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About Clean Harbors
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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