Zacks: Brokerages Anticipate Heritage-Crystal Clean, Inc. (HCCI) Will Announce Earnings of $0.21 Per Share
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%.
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.
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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.
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