Zacks: Brokerages Anticipate Heritage-Crystal Clean, Inc. (HCCI) Will Post Quarterly Sales of $113.46 Million

Wall Street brokerages expect Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) to announce sales of $113.46 million for the current quarter, according to Zacks. Five analysts have provided estimates for Heritage-Crystal Clean’s earnings, with the highest sales estimate coming in at $115.05 million and the lowest estimate coming in at $112.10 million. Heritage-Crystal Clean reported sales of $106.75 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The business is scheduled to report its next earnings results on Wednesday, March 7th.

On average, analysts expect that Heritage-Crystal Clean will report full year sales of $113.46 million for the current fiscal year, with estimates ranging from $362.30 million to $365.22 million. For the next financial year, analysts expect that the firm will report sales of $387.69 million per share, with estimates ranging from $383.94 million to $393.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Heritage-Crystal Clean.

A number of brokerages recently issued reports on HCCI. BidaskClub lowered shares of Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Roth Capital set a $24.00 target price on shares of Heritage-Crystal Clean and gave the stock a “buy” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $23.50.

Shares of Heritage-Crystal Clean (NASDAQ HCCI) opened at $20.30 on Tuesday. Heritage-Crystal Clean has a 1 year low of $12.85 and a 1 year high of $25.20. The company has a market cap of $464.46, a P/E ratio of 33.28, a PEG ratio of 1.49 and a beta of 1.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.51 and a quick ratio of 2.02.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in Heritage-Crystal Clean by 281.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,972 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 3,668 shares during the last quarter. Strs Ohio acquired a new stake in Heritage-Crystal Clean during the third quarter worth approximately $132,000. Nationwide Fund Advisors boosted its position in Heritage-Crystal Clean by 10.0% during the second quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock worth $135,000 after acquiring an additional 770 shares during the last quarter. Ramsey Quantitative Systems acquired a new stake in Heritage-Crystal Clean during the fourth quarter worth approximately $142,000. Finally, First Quadrant L P CA raised its stake in Heritage-Crystal Clean by 436.5% during the fourth quarter. First Quadrant L P CA now owns 7,940 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 6,460 shares during the period. Hedge funds and other institutional investors own 57.34% of the company’s stock.

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Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.

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