Wall Street brokerages forecast that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will announce sales of $113.46 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Heritage-Crystal Clean’s earnings, with estimates ranging from $112.10 million to $115.05 million. Heritage-Crystal Clean posted sales of $106.75 million in the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The business is expected to report its next earnings results on Wednesday, March 7th.

On average, analysts expect that Heritage-Crystal Clean will report full-year sales of $113.46 million for the current financial year, with estimates ranging from $362.30 million to $365.22 million. For the next financial year, analysts expect that the firm will post sales of $387.69 million per share, with estimates ranging from $383.94 million to $393.30 million. Zacks’ sales averages 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 released its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $83.33 million during the quarter, compared to analysts’ expectations of $85.32 million. Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%.

Several research firms have recently commented on HCCI. Robert W. Baird boosted their price target on shares of Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Roth Capital set a $24.00 price target on shares of Heritage-Crystal Clean and gave the company a “buy” rating in a report on Friday, October 20th. Stifel Nicolaus restated a “buy” rating and issued a $23.00 price target on shares of Heritage-Crystal Clean in a report on Thursday, October 19th. Zacks Investment Research lowered shares of Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Finally, BidaskClub lowered shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $23.17.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 361 Capital LLC bought a new position in shares of Heritage-Crystal Clean during the 3rd quarter worth approximately $2,321,000. Janus Henderson Group PLC acquired a new position in Heritage-Crystal Clean during the 2nd quarter valued at approximately $1,193,000. Prudential Financial Inc. acquired a new position in Heritage-Crystal Clean during the 3rd quarter valued at approximately $350,000. American Century Companies Inc. acquired a new position in Heritage-Crystal Clean during the 3rd quarter valued at approximately $515,000. Finally, Van ECK Associates Corp acquired a new position in Heritage-Crystal Clean during the 3rd quarter valued at approximately $357,000. Hedge funds and other institutional investors own 58.56% of the company’s stock.

Heritage-Crystal Clean (HCCI) traded up $0.15 during trading on Wednesday, reaching $22.55. 45,167 shares of the company’s stock traded hands, compared to its average volume of 85,729. Heritage-Crystal Clean has a 12 month low of $12.85 and a 12 month high of $22.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.02 and a current ratio of 2.51. The stock has a market cap of $513.08, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.66 and a beta of 1.96.

ILLEGAL ACTIVITY WARNING: “Brokerages Expect Heritage-Crystal Clean, Inc. (HCCI) Will Announce Quarterly Sales of $113.46 Million” was published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/10/brokerages-expect-heritage-crystal-clean-inc-hcci-will-announce-quarterly-sales-of-113-46-million.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

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