Brokerages expect Clean Harbors Inc (NYSE:CLH) to post $0.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Clean Harbors’ earnings. The lowest EPS estimate is $0.01 and the highest is $0.09. Clean Harbors posted earnings of ($0.06) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 183.3%. The company is expected to announce its next earnings results on Wednesday, February 28th.
On average, analysts expect that Clean Harbors will report full-year earnings of $0.31 per share for the current financial year, with EPS estimates ranging from $0.27 to $0.35. For the next year, analysts forecast that the company will report earnings of $0.92 per share, with EPS estimates ranging from $0.76 to $1.17. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Clean Harbors.
A number of research firms have recently weighed in on CLH. Zacks Investment Research downgraded Clean Harbors from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Canaccord Genuity reissued a “hold” rating and set a $57.00 target price on shares of Clean Harbors in a report on Thursday, January 18th. Oppenheimer dropped their price target on Clean Harbors from $67.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. BMO Capital Markets dropped their price target on Clean Harbors from $65.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Finally, Raymond James Financial raised Clean Harbors from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $61.00.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Clean Harbors by 1.7% in the second quarter. Vanguard Group Inc. now owns 4,116,699 shares of the business services provider’s stock valued at $229,836,000 after acquiring an additional 68,590 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Clean Harbors by 0.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,260,372 shares of the business services provider’s stock valued at $128,163,000 after acquiring an additional 14,789 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Clean Harbors by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,903,264 shares of the business services provider’s stock valued at $107,915,000 after acquiring an additional 15,654 shares during the last quarter. State Street Corp grew its position in Clean Harbors by 1.6% in the second quarter. State Street Corp now owns 1,373,858 shares of the business services provider’s stock valued at $76,701,000 after acquiring an additional 21,037 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in Clean Harbors in the second quarter valued at about $57,925,000. Hedge funds and other institutional investors own 92.81% of the company’s stock.
Clean Harbors (NYSE:CLH) traded up $0.47 on Tuesday, hitting $51.25. The stock had a trading volume of 688,671 shares, compared to its average volume of 307,567. Clean Harbors has a 12 month low of $49.29 and a 12 month high of $61.62. The company has a quick ratio of 1.86, a current ratio of 2.19 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $3,056.76, a P/E ratio of 732.25 and a beta of 1.03.
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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