Equities research analysts predict that Clean Harbors, Inc. (NYSE:CLH) will post $726.00 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Clean Harbors’ earnings, with the lowest sales estimate coming in at $710.90 million and the highest estimate coming in at $736.00 million. Clean Harbors reported sales of $692.11 million in the same quarter last year, which indicates a positive year over year growth rate of 4.9%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Clean Harbors will report full-year sales of $726.00 million for the current year, with estimates ranging from $2.91 billion to $2.93 billion. For the next financial year, analysts forecast that the business will report sales of $3.09 billion per share, with estimates ranging from $3.05 billion to $3.12 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Clean Harbors.

CLH has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price target on shares of Clean Harbors in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Clean Harbors from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. ValuEngine upgraded shares of Clean Harbors from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. UBS upgraded shares of Clean Harbors from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. Finally, KeyCorp restated a “hold” rating on shares of Clean Harbors in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $61.00.

In other Clean Harbors news, insider David J. Vergo sold 1,097 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $54.00, for a total value of $59,238.00. Following the completion of the transaction, the insider now owns 24,156 shares of the company’s stock, valued at $1,304,424. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Brian P. Weber sold 490 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $56.18, for a total transaction of $27,528.20. Following the completion of the transaction, the executive vice president now directly owns 59,413 shares of the company’s stock, valued at approximately $3,337,822.34. The disclosure for this sale can be found here. Insiders have sold 2,520 shares of company stock valued at $137,773 in the last three months. 8.90% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC acquired a new stake in Clean Harbors during the second quarter valued at $57,925,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Clean Harbors during the third quarter valued at $23,785,000. Goldman Sachs Group Inc. grew its position in Clean Harbors by 39.0% during the second quarter. Goldman Sachs Group Inc. now owns 478,318 shares of the business services provider’s stock valued at $26,705,000 after buying an additional 134,263 shares during the period. Daiwa Securities Group Inc. grew its position in Clean Harbors by 139.3% during the second quarter. Daiwa Securities Group Inc. now owns 138,456 shares of the business services provider’s stock valued at $7,730,000 after buying an additional 80,595 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in Clean Harbors during the third quarter valued at $4,177,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors (NYSE:CLH) opened at $53.71 on Friday. The firm has a market cap of $3,066.44, a price-to-earnings ratio of 269.30 and a beta of 1.03. The company has a quick ratio of 1.86, a current ratio of 2.19 and a debt-to-equity ratio of 1.44. Clean Harbors has a 1-year low of $49.63 and a 1-year high of $61.62.

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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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Earnings History and Estimates for Clean Harbors (NYSE:CLH)

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