$132.10 Million in Sales Expected for US Ecology Inc (ECOL) This Quarter

Equities analysts expect that US Ecology Inc (NASDAQ:ECOL) will post $132.10 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for US Ecology’s earnings. The lowest sales estimate is $129.50 million and the highest is $134.80 million. US Ecology reported sales of $117.17 million in the same quarter last year, which indicates a positive year over year growth rate of 12.7%. The company is scheduled to report its next quarterly earnings report on Thursday, February 15th.

On average, analysts expect that US Ecology will report full-year sales of $132.10 million for the current year, with estimates ranging from $499.90 million to $505.10 million. For the next year, analysts forecast that the firm will post sales of $530.93 million per share, with estimates ranging from $530.00 million to $531.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow US Ecology.

US Ecology (NASDAQ:ECOL) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.23). The firm had revenue of $135.05 million for the quarter, compared to analysts’ expectations of $135.29 million. US Ecology had a net margin of 5.39% and a return on equity of 10.35%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS.

Several equities analysts have recently issued reports on ECOL shares. BidaskClub cut US Ecology from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Zacks Investment Research cut US Ecology from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. BMO Capital Markets reissued a “hold” rating and issued a $52.00 price objective on shares of US Ecology in a report on Wednesday. Canaccord Genuity reissued a “buy” rating and issued a $57.00 price objective (down previously from $60.00) on shares of US Ecology in a report on Monday, October 30th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $60.00 price objective on shares of US Ecology in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. US Ecology presently has an average rating of “Hold” and a consensus target price of $53.80.

US Ecology (NASDAQ:ECOL) opened at $53.35 on Wednesday. The stock has a market capitalization of $1,153.64, a PE ratio of 44.46 and a beta of 0.71. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.94. US Ecology has a fifty-two week low of $44.50 and a fifty-two week high of $55.75.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 19th will be issued a $0.18 dividend. The ex-dividend date is Thursday, January 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.35%. US Ecology’s dividend payout ratio (DPR) is presently 60.00%.

In other news, CEO Jeffrey R. Feeler sold 3,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $50.56, for a total value of $151,680.00. Following the completion of the transaction, the chief executive officer now owns 54,925 shares of the company’s stock, valued at approximately $2,777,008. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC raised its holdings in US Ecology by 54.3% in the 2nd quarter. Flinton Capital Management LLC now owns 1,988 shares of the business services provider’s stock worth $100,000 after purchasing an additional 700 shares during the period. Pinebridge Investments L.P. raised its holdings in US Ecology by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,875 shares of the business services provider’s stock worth $145,000 after purchasing an additional 32 shares during the period. YorkBridge Wealth Partners LLC acquired a new position in US Ecology in the 3rd quarter worth about $215,000. Susquehanna International Group LLP acquired a new position in US Ecology in the 2nd quarter worth about $229,000. Finally, Piedmont Investment Advisors LLC acquired a new position in US Ecology in the 2nd quarter worth about $238,000. 87.59% of the stock is owned by institutional investors.

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US Ecology Company Profile

US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.

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