Heritage-Crystal Clean, Inc (NASDAQ:HCCI) Expected to Post Quarterly Sales of $135.20 Million

Brokerages expect Heritage-Crystal Clean, Inc (NASDAQ:HCCIGet Rating) to post sales of $135.20 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Heritage-Crystal Clean’s earnings. The lowest sales estimate is $131.00 million and the highest is $139.40 million. Heritage-Crystal Clean posted sales of $117.28 million in the same quarter last year, which suggests a positive year over year growth rate of 15.3%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Heritage-Crystal Clean will report full year sales of $572.35 million for the current fiscal year, with estimates ranging from $552.30 million to $592.40 million. For the next year, analysts anticipate that the company will report sales of $583.65 million, with estimates ranging from $567.00 million to $600.30 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCIGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. Heritage-Crystal Clean had a net margin of 11.76% and a return on equity of 19.68%. During the same period in the previous year, the company posted $0.39 earnings per share.

HCCI has been the subject of a number of recent research reports. Roth Capital reissued a “buy” rating on shares of Heritage-Crystal Clean in a research note on Monday, March 7th. Needham & Company LLC restated a “buy” rating and issued a $39.00 target price on shares of Heritage-Crystal Clean in a report on Friday, March 4th. Zacks Investment Research lowered shares of Heritage-Crystal Clean from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 10th. Finally, StockNews.com lowered shares of Heritage-Crystal Clean from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $37.60.

A number of institutional investors and hedge funds have recently made changes to their positions in HCCI. Dorsey Wright & Associates bought a new stake in shares of Heritage-Crystal Clean in the 4th quarter valued at about $54,000. Citigroup Inc. raised its holdings in shares of Heritage-Crystal Clean by 99.7% in the 3rd quarter. Citigroup Inc. now owns 2,057 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 1,027 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Heritage-Crystal Clean in the 4th quarter valued at about $808,000. Martingale Asset Management L P bought a new stake in shares of Heritage-Crystal Clean in the 3rd quarter valued at about $373,000. Finally, Marshall Wace LLP grew its position in shares of Heritage-Crystal Clean by 197.4% in the 3rd quarter. Marshall Wace LLP now owns 46,993 shares of the industrial products company’s stock worth $1,362,000 after buying an additional 31,190 shares during the last quarter. Institutional investors own 61.09% of the company’s stock.

Shares of NASDAQ:HCCI opened at $26.08 on Monday. Heritage-Crystal Clean has a 52 week low of $25.31 and a 52 week high of $36.29. The stock has a market capitalization of $633.27 million, a P/E ratio of 9.52, a PEG ratio of 0.83 and a beta of 1.24. The firm has a fifty day simple moving average of $28.29 and a two-hundred day simple moving average of $30.19.

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.

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