Brokerages Anticipate Clean Harbors Inc (CLH) Will Post Quarterly Sales of $726.00 Million

Analysts forecast that Clean Harbors Inc (NYSE:CLH) will post $726.00 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Clean Harbors’ earnings, with the highest sales estimate coming in at $736.00 million and the lowest estimate coming in at $710.90 million. Clean Harbors posted sales of $692.11 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.9%. The company is scheduled to report its next earnings results on Wednesday, February 28th.

According to Zacks, 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 year, analysts expect that the company will report sales of $3.09 billion per share, with estimates ranging from $3.05 billion to $3.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Clean Harbors.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.18). Clean Harbors had a return on equity of 4.34% and a net margin of 1.60%. The company had revenue of $755.85 million for the quarter, compared to the consensus estimate of $765.46 million.

A number of equities research analysts have recently issued reports on CLH shares. Needham & Company LLC reiterated a “buy” rating and set a $66.00 price objective on shares of Clean Harbors in a research note on Friday, November 3rd. Zacks Investment Research cut Clean Harbors from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. UBS Group upgraded Clean Harbors from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 2nd. KeyCorp reiterated a “hold” rating on shares of Clean Harbors in a research note on Wednesday, November 1st. Finally, Canaccord Genuity restated a “hold” rating and issued a $57.00 price target on shares of Clean Harbors in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Clean Harbors has an average rating of “Hold” and a consensus price target of $61.00.

In related news, SVP Eric J. Dugas sold 1,139 shares of the 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 sale, the senior vice president now owns 13,777 shares in the company, valued at approximately $733,763.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Eric W. Gerstenberg sold 7,150 shares of the stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $52.77, for a total value of $377,305.50. Following the completion of the sale, the chief operating officer now owns 86,202 shares in the company, valued at approximately $4,548,879.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,581 shares of company stock worth $613,418. 8.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CLH. Janus Henderson Group PLC acquired a new position in Clean Harbors in the 2nd quarter valued at $57,925,000. Dimensional Fund Advisors LP grew its holdings in Clean Harbors by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,903,264 shares of the business services provider’s stock valued at $107,915,000 after buying an additional 15,654 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Clean Harbors by 39.0% in the 2nd 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 in the last quarter. Sei Investments Co. grew its holdings in Clean Harbors by 5.2% in the 3rd quarter. Sei Investments Co. now owns 199,416 shares of the business services provider’s stock valued at $11,307,000 after buying an additional 9,830 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in Clean Harbors by 9.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 645,085 shares of the business services provider’s stock valued at $36,576,000 after buying an additional 53,950 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Shares of Clean Harbors (NYSE:CLH) traded up $0.04 during trading on Tuesday, hitting $55.21. The stock had a trading volume of 208,500 shares, compared to its average volume of 294,921. Clean Harbors has a one year low of $49.63 and a one year high of $61.62. The company has a market cap of $3,141.02, a PE ratio of 788.83 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.

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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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