Zacks: Brokerages Anticipate Clean Harbors, Inc. (NYSE:CLH) Will Announce Quarterly Sales of $1.23 Billion

Equities research analysts forecast that Clean Harbors, Inc. (NYSE:CLHGet Rating) will report $1.23 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Clean Harbors’ earnings, with estimates ranging from $1.21 billion to $1.26 billion. Clean Harbors reported sales of $926.46 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 32.8%. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Clean Harbors will report full-year sales of $4.69 billion for the current fiscal year, with estimates ranging from $4.49 billion to $4.81 billion. For the next year, analysts anticipate that the business will report sales of $4.84 billion, with estimates ranging from $4.63 billion to $4.97 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Clean Harbors.

Clean Harbors (NYSE:CLHGet Rating) last posted its earnings results on Wednesday, May 4th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.07 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 5.44%. Clean Harbors’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share.

Several analysts have commented on the company. DA Davidson assumed coverage on Clean Harbors in a report on Wednesday, March 30th. They issued a “buy” rating and a $130.00 price objective on the stock. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 3rd. The Goldman Sachs Group raised Clean Harbors from a “sell” rating to a “neutral” rating and raised their price objective for the company from $95.00 to $120.00 in a report on Monday, April 4th. Robert W. Baird raised their price objective on Clean Harbors from $128.00 to $131.00 in a report on Thursday, May 5th. Finally, Raymond James raised their price objective on Clean Harbors from $125.00 to $130.00 and gave the company a “strong-buy” rating in a report on Friday, April 22nd. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $127.33.

In other news, CEO Alan S. Mckim sold 30,000 shares of Clean Harbors stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through this link. Also, COO Eric W. Gerstenberg sold 6,927 shares of Clean Harbors stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $106.62, for a total value of $738,556.74. The disclosure for this sale can be found here. Insiders sold 37,927 shares of company stock worth $4,119,157 over the last ninety days. Corporate insiders own 6.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC purchased a new position in Clean Harbors during the fourth quarter worth approximately $27,000. UMB Bank N A MO lifted its position in Clean Harbors by 656.3% during the first quarter. UMB Bank N A MO now owns 242 shares of the business services provider’s stock worth $27,000 after buying an additional 210 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Clean Harbors during the first quarter worth approximately $29,000. Captrust Financial Advisors lifted its position in Clean Harbors by 97.8% during the third quarter. Captrust Financial Advisors now owns 356 shares of the business services provider’s stock worth $37,000 after buying an additional 176 shares in the last quarter. Finally, Huntington National Bank lifted its position in Clean Harbors by 153.9% during the first quarter. Huntington National Bank now owns 391 shares of the business services provider’s stock worth $44,000 after buying an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.

Clean Harbors stock opened at $91.09 on Wednesday. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 21.95 and a beta of 1.58. Clean Harbors has a 52 week low of $87.11 and a 52 week high of $118.89. The business’s 50-day moving average price is $105.70 and its 200 day moving average price is $101.92. The company has a quick ratio of 1.61, a current ratio of 1.98 and a debt-to-equity ratio of 1.58.

Clean Harbors Company Profile (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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