Zacks: Brokerages Expect Charah Solutions, Inc. (NYSE:CHRA) to Post -$0.20 EPS

Brokerages forecast that Charah Solutions, Inc. (NYSE:CHRAGet Rating) will report ($0.20) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Charah Solutions’ earnings, with the highest EPS estimate coming in at ($0.17) and the lowest estimate coming in at ($0.22). Charah Solutions reported earnings per share of ($0.09) during the same quarter last year, which would indicate a negative year-over-year growth rate of 122.2%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Charah Solutions will report full-year earnings of ($0.38) per share for the current year, with EPS estimates ranging from ($0.42) to ($0.33). For the next year, analysts anticipate that the business will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.19) to ($0.05). Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Charah Solutions.

Charah Solutions (NYSE:CHRAGet Rating) last announced its earnings results on Thursday, March 31st. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). Charah Solutions had a negative net margin of 1.98% and a negative return on equity of 56.75%. The firm had revenue of $93.43 million during the quarter.

Separately, Zacks Investment Research raised shares of Charah Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th.

A number of hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in Charah Solutions in the 4th quarter worth about $48,000. Goldman Sachs Group Inc. bought a new position in Charah Solutions during the 3rd quarter worth about $68,000. Citadel Advisors LLC bought a new position in Charah Solutions during the 2nd quarter worth about $76,000. Susquehanna International Group LLP grew its holdings in Charah Solutions by 147.4% during the 4th quarter. Susquehanna International Group LLP now owns 31,600 shares of the company’s stock worth $149,000 after acquiring an additional 18,825 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Charah Solutions by 1.1% during the 3rd quarter. American Century Companies Inc. now owns 2,273,047 shares of the company’s stock worth $10,456,000 after acquiring an additional 24,910 shares in the last quarter.

Shares of CHRA opened at $3.93 on Friday. Charah Solutions has a twelve month low of $3.36 and a twelve month high of $6.63. The company has a market cap of $132.54 million, a P/E ratio of -8.36 and a beta of 0.39. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 7.36. The company’s fifty day simple moving average is $4.46 and its 200-day simple moving average is $4.69.

About Charah Solutions (Get Rating)

Charah Solutions, Inc provides environmental services to the power generation industry in the United States. The company offers remediation and compliance services, including environmental management of landfills for coal-fired power generation facilities and new and existing ash ponds; and active pond management services, such as closure by removal, cap-in-place, and design and construction of new ponds.

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