Wall Street brokerages forecast that US Ecology Inc (NASDAQ:ECOL) will report earnings of $0.65 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for US Ecology’s earnings. The lowest EPS estimate is $0.60 and the highest is $0.69. US Ecology posted earnings per share of $0.36 in the same quarter last year, which suggests a positive year-over-year growth rate of 80.6%. The company is expected to report its next quarterly earnings report after the market closes on Thursday, February 15th.
On average, analysts expect that US Ecology will report full-year earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.59 to $1.67. For the next year, analysts anticipate that the business will post earnings of $2.03 per share, with EPS estimates ranging from $1.94 to $2.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for US Ecology.
A number of equities research analysts recently weighed in on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $52.00 price target on shares of US Ecology in a report on Wednesday, January 24th. Zacks Investment Research raised shares of US Ecology from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Monday, January 8th. BidaskClub lowered shares of US Ecology from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $57.00 price target (down from $60.00) on shares of US Ecology in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.80.
The company also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 19th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, January 18th. US Ecology’s payout ratio is 60.00%.
In related news, CEO Jeffrey R. Feeler sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $50.56, for a total transaction of $151,680.00. Following the completion of the sale, the chief executive officer now directly owns 54,925 shares of the company’s stock, valued at approximately $2,777,008. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in US Ecology by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,052 shares of the business services provider’s stock worth $861,000 after acquiring an additional 77 shares in the last quarter. Flinton Capital Management LLC grew its holdings in US Ecology by 54.3% during the 2nd quarter. Flinton Capital Management LLC now owns 1,988 shares of the business services provider’s stock worth $100,000 after acquiring an additional 700 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in US Ecology by 0.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 90,544 shares of the business services provider’s stock worth $4,573,000 after acquiring an additional 750 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in US Ecology by 7.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,160 shares of the business services provider’s stock worth $665,000 after acquiring an additional 870 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in US Ecology by 4.3% during the 2nd quarter. New York State Common Retirement Fund now owns 24,000 shares of the business services provider’s stock worth $1,212,000 after acquiring an additional 999 shares in the last quarter. 87.43% 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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