Equities research analysts forecast that Clean Harbors, Inc. (NYSE:CLH – Get Rating) will report sales of $1.06 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Clean Harbors’ earnings, with the lowest sales estimate coming in at $1.02 billion and the highest estimate coming in at $1.09 billion. Clean Harbors reported sales of $808.15 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 31.2%. The firm is scheduled to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Clean Harbors will report full-year sales of $4.52 billion for the current fiscal year, with estimates ranging from $4.49 billion to $4.57 billion. For the next financial year, analysts anticipate that the company will report sales of $4.68 billion, with estimates ranging from $4.63 billion to $4.75 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Clean Harbors.
Clean Harbors (NYSE:CLH – Get Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The business services provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.26. Clean Harbors had a return on equity of 13.92% and a net margin of 5.34%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. Clean Harbors’s quarterly revenue was up 40.5% on a year-over-year basis.
In other news, CEO Alan S. Mckim sold 30,000 shares of Clean Harbors stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $109.51, for a total value of $3,285,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Robertson sold 1,000 shares of the stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $95.30, for a total value of $95,300.00. The disclosure for this sale can be found here. Insiders sold a total of 37,927 shares of company stock valued at $4,119,157 in the last three months. 7.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of Clean Harbors during the 4th quarter worth $137,449,000. Norges Bank acquired a new stake in Clean Harbors during the fourth quarter worth about $52,844,000. American Century Companies Inc. raised its holdings in shares of Clean Harbors by 65.3% in the 3rd quarter. American Century Companies Inc. now owns 897,090 shares of the business services provider’s stock worth $93,181,000 after purchasing an additional 354,284 shares during the period. Artemis Investment Management LLP lifted its stake in shares of Clean Harbors by 44.2% in the 4th quarter. Artemis Investment Management LLP now owns 804,452 shares of the business services provider’s stock valued at $80,206,000 after purchasing an additional 246,467 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Clean Harbors by 22.5% during the 4th quarter. Invesco Ltd. now owns 1,291,711 shares of the business services provider’s stock worth $128,874,000 after purchasing an additional 237,529 shares during the period. Institutional investors and hedge funds own 87.74% of the company’s stock.
NYSE:CLH opened at $109.45 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 1.66. Clean Harbors has a fifty-two week low of $86.17 and a fifty-two week high of $118.89. The firm’s fifty day simple moving average is $103.78 and its 200-day simple moving average is $102.68. The stock has a market cap of $5.95 billion, a PE ratio of 29.50 and a beta of 1.65.
About Clean Harbors (Get Rating)
Clean Harbors, Inc provides environmental and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.
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