Clean Harbors, Inc. (NYSE:CLH) Expected to Announce Quarterly Sales of $1.06 Billion

Equities research analysts forecast that Clean Harbors, Inc. (NYSE:CLHGet 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:CLHGet 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.

Several research analysts have weighed in on CLH shares. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Clean Harbors in a research report on Thursday, February 24th. Raymond James raised Clean Harbors from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $120.00 to $125.00 in a research note on Monday, January 10th. The Goldman Sachs Group upgraded Clean Harbors from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $95.00 to $120.00 in a research report on Monday, April 4th. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 10th. Finally, DA Davidson assumed coverage on shares of Clean Harbors in a research report on Wednesday, March 30th. They issued a “buy” rating and a $130.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $122.22.

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.

Read More

Get a free copy of the Zacks research report on Clean Harbors (CLH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Clean Harbors (NYSE:CLH)

Receive News & Ratings for Clean Harbors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Harbors and related companies with MarketBeat.com's FREE daily email newsletter.