Brokerages forecast that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will announce earnings per share of $0.21 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Heritage-Crystal Clean’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.20. Heritage-Crystal Clean reported earnings per share of $0.20 in the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The company is expected to announce its next quarterly earnings results on Wednesday, March 7th.

On average, analysts expect that Heritage-Crystal Clean will report full year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.62 to $0.65. For the next fiscal year, analysts expect that the firm will post earnings of $0.80 per share, with EPS estimates ranging from $0.77 to $0.83. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last posted its earnings results on Wednesday, October 18th. The industrial products company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The business had revenue of $83.33 million during the quarter, compared to the consensus estimate of $85.32 million. Heritage-Crystal Clean had a return on equity of 6.76% and a net margin of 5.56%.

Several research firms have commented on HCCI. Roth Capital set a $24.00 target price on shares of Heritage-Crystal Clean and gave the stock a “buy” rating in a research report on Friday, October 20th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Heritage-Crystal Clean in a report on Tuesday, September 5th. Robert W. Baird upped their price objective on shares of Heritage-Crystal Clean from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $22.50.

Shares of Heritage-Crystal Clean (NASDAQ HCCI) opened at $19.30 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.51 and a quick ratio of 2.02. The company has a market cap of $441.58, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 1.89 and a beta of 1.96. Heritage-Crystal Clean has a 1 year low of $12.85 and a 1 year high of $22.21.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Walthausen & Co. LLC boosted its holdings in shares of Heritage-Crystal Clean by 44.1% during the 2nd quarter. Walthausen & Co. LLC now owns 660,650 shares of the industrial products company’s stock worth $10,504,000 after buying an additional 202,230 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Heritage-Crystal Clean by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 521,931 shares of the industrial products company’s stock worth $8,298,000 after buying an additional 14,011 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Heritage-Crystal Clean by 30.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 514,342 shares of the industrial products company’s stock worth $11,187,000 after buying an additional 121,150 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in shares of Heritage-Crystal Clean by 10.7% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 218,866 shares of the industrial products company’s stock worth $3,480,000 after buying an additional 21,068 shares during the period. Finally, Algert Global LLC bought a new stake in shares of Heritage-Crystal Clean during the 3rd quarter worth $4,375,000. 58.56% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This story was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/12/05/zacks-brokerages-anticipate-heritage-crystal-clean-inc-hcci-will-announce-earnings-of-0-21-per-share.html.

Heritage-Crystal Clean Company Profile

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.

Get a free copy of the Zacks research report on Heritage-Crystal Clean (HCCI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Heritage-Crystal Clean (NASDAQ:HCCI)

Receive News & Ratings for Heritage-Crystal Clean Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean Inc. and related companies with MarketBeat.com's FREE daily email newsletter.