$128.40 Million in Sales Expected for Heritage-Crystal Clean, Inc (NASDAQ:HCCI) This Quarter

Wall Street brokerages expect Heritage-Crystal Clean, Inc (NASDAQ:HCCIGet Rating) to report sales of $128.40 million for the current quarter, according to Zacks. Two analysts have made estimates for Heritage-Crystal Clean’s earnings, with estimates ranging from $126.90 million to $129.90 million. Heritage-Crystal Clean posted sales of $105.38 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.8%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Heritage-Crystal Clean will report full year sales of $546.20 million for the current year, with estimates ranging from $540.10 million to $552.30 million. For the next year, analysts forecast that the firm will report sales of $561.95 million, with estimates ranging from $556.90 million to $567.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCIGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The industrial products company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.12. Heritage-Crystal Clean had a return on equity of 19.59% and a net margin of 11.83%. The firm had revenue of $169.50 million for the quarter, compared to analysts’ expectations of $162.97 million. During the same period in the previous year, the firm earned $0.29 EPS.

A number of research analysts have recently weighed in on the company. StockNews.com assumed coverage on Heritage-Crystal Clean in a research report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Zacks Investment Research raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Monday, March 7th. Needham & Company LLC reissued a “buy” rating and issued a $39.00 price target on shares of Heritage-Crystal Clean in a report on Friday, March 4th. Finally, Roth Capital reissued a “buy” rating on shares of Heritage-Crystal Clean in a report on Monday, March 7th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $37.60.

HCCI stock opened at $28.23 on Tuesday. Heritage-Crystal Clean has a twelve month low of $26.01 and a twelve month high of $36.29. The stock has a market cap of $683.22 million, a P/E ratio of 10.90, a PEG ratio of 0.99 and a beta of 1.27. The business’s 50-day moving average price is $28.63 and its 200-day moving average price is $30.61.

Large investors have recently added to or reduced their stakes in the business. First Quadrant L P CA bought a new stake in Heritage-Crystal Clean in the 4th quarter worth approximately $38,000. Dorsey Wright & Associates bought a new stake in Heritage-Crystal Clean in the 4th quarter worth approximately $54,000. Citigroup Inc. increased its stake in Heritage-Crystal Clean by 99.7% in the 3rd quarter. Citigroup Inc. now owns 2,057 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 1,027 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in Heritage-Crystal Clean in the 4th quarter worth approximately $166,000. Finally, State of Tennessee Treasury Department bought a new stake in Heritage-Crystal Clean in the 4th quarter worth approximately $126,000. 61.67% of the stock is currently owned by institutional investors and hedge funds.

About Heritage-Crystal Clean (Get Rating)

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, hazardous and non-hazardous waste, and used oil collection services to small and mid-sized customers in the industrial and vehicle maintenance sectors in the United States and Canada. It operates through two segments, Environmental Services and Oil Business.

Read More

Get a free copy of the Zacks research report on Heritage-Crystal Clean (HCCI)

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

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