Heritage-Crystal Clean (HCCI) Scheduled to Post Quarterly Earnings on Wednesday

Heritage-Crystal Clean (NASDAQ:HCCIGet Rating) will be issuing its quarterly earnings data after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Heritage-Crystal Clean (NASDAQ:HCCIGet Rating) last issued its quarterly earnings data on Wednesday, March 2nd. The industrial products company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The firm had revenue of $169.50 million for the quarter, compared to analyst estimates of $162.97 million. Heritage-Crystal Clean had a net margin of 11.83% and a return on equity of 19.59%. During the same quarter in the prior year, the firm earned $0.29 EPS. On average, analysts expect Heritage-Crystal Clean to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NASDAQ HCCI opened at $27.53 on Wednesday. The firm has a market capitalization of $666.28 million, a PE ratio of 10.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.27. Heritage-Crystal Clean has a 1 year low of $26.01 and a 1 year high of $36.29. The firm’s 50-day moving average is $28.61 and its 200-day moving average is $30.59.

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

A number of hedge funds have recently made changes to their positions in the business. Deutsche Bank AG raised its holdings in Heritage-Crystal Clean by 3.5% during the 4th quarter. Deutsche Bank AG now owns 13,981 shares of the industrial products company’s stock worth $448,000 after buying an additional 475 shares during the period. California State Teachers Retirement System raised its holdings in Heritage-Crystal Clean by 2.4% during the 4th quarter. California State Teachers Retirement System now owns 21,725 shares of the industrial products company’s stock worth $696,000 after buying an additional 501 shares during the period. Royal Bank of Canada raised its holdings in Heritage-Crystal Clean by 1.7% during the 3rd quarter. Royal Bank of Canada now owns 31,590 shares of the industrial products company’s stock worth $915,000 after buying an additional 520 shares during the period. Credit Suisse AG raised its holdings in Heritage-Crystal Clean by 14.0% during the 4th quarter. Credit Suisse AG now owns 10,764 shares of the industrial products company’s stock worth $345,000 after buying an additional 1,318 shares during the period. Finally, Citigroup Inc. raised its holdings in Heritage-Crystal Clean by 106.8% during the 4th quarter. Citigroup Inc. now owns 4,253 shares of the industrial products company’s stock worth $136,000 after buying an additional 2,196 shares during the period. Hedge funds and other institutional investors own 61.67% of the company’s stock.

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.

Further Reading

Earnings History for Heritage-Crystal Clean (NASDAQ:HCCI)

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