Zacks: Analysts Anticipate Clean Harbors Inc (CLH) to Announce $0.06 Earnings Per Share

Wall Street analysts predict that Clean Harbors Inc (NYSE:CLH) will report earnings of $0.06 per share for the current quarter, according to Zacks. Five analysts have made estimates for Clean Harbors’ earnings. The highest EPS estimate is $0.09 and the lowest is $0.04. Clean Harbors posted earnings per share of ($0.06) in the same quarter last year, which indicates a positive year-over-year growth rate of 200%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that Clean Harbors will report full-year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.30 to $0.35. For the next fiscal year, analysts expect that the company will report earnings of $0.83 per share, with EPS estimates ranging from $0.76 to $0.91. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Clean Harbors.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, November 1st. The business services provider reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.18). Clean Harbors had a net margin of 0.13% and a return on equity of 1.05%.

Several brokerages have commented on CLH. BMO Capital Markets cut their price objective on Clean Harbors from $65.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Canaccord Genuity reaffirmed a “hold” rating and issued a $57.00 price objective on shares of Clean Harbors in a research report on Wednesday, November 1st. Raymond James Financial raised Clean Harbors from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. Oppenheimer cut their price objective on Clean Harbors from $67.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Clean Harbors presently has a consensus rating of “Hold” and a consensus target price of $61.00.

In other Clean Harbors news, SVP Eric J. Dugas sold 1,139 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $53.26, for a total value of $60,663.14. Following the completion of the sale, the senior vice president now directly owns 13,777 shares in the company, valued at approximately $733,763.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David J. Vergo sold 1,097 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $54.00, for a total value of $59,238.00. Following the completion of the sale, the insider now owns 24,156 shares of the company’s stock, valued at $1,304,424. The disclosure for this sale can be found here. Insiders sold a total of 11,581 shares of company stock valued at $613,418 over the last quarter. Company insiders own 8.90% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Clean Harbors by 9.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the business services provider’s stock worth $116,000 after buying an additional 188 shares during the period. Zions Bancorporation purchased a new stake in shares of Clean Harbors in the 3rd quarter worth $189,000. Balyasny Asset Management LLC purchased a new stake in shares of Clean Harbors in the 2nd quarter worth $203,000. Stifel Financial Corp purchased a new stake in shares of Clean Harbors in the 3rd quarter worth $211,000. Finally, Shelton Capital Management purchased a new stake in shares of Clean Harbors in the 2nd quarter worth $221,000. Institutional investors and hedge funds own 92.58% of the company’s stock.

Clean Harbors (NYSE CLH) opened at $55.17 on Friday. The firm has a market capitalization of $3,109.71, a P/E ratio of 788.26 and a beta of 1.02. The company has a current ratio of 2.19, a quick ratio of 1.86 and a debt-to-equity ratio of 1.44. Clean Harbors has a 12-month low of $49.63 and a 12-month high of $61.62.

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Clean Harbors Company Profile

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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