Analysts Anticipate Heritage-Crystal Clean, Inc (NASDAQ:HCCI) Will Announce Earnings of $0.52 Per Share

Wall Street brokerages forecast that Heritage-Crystal Clean, Inc (NASDAQ:HCCIGet Rating) will announce $0.52 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have provided estimates for Heritage-Crystal Clean’s earnings, with estimates ranging from $0.51 to $0.53. Heritage-Crystal Clean posted earnings per share of $0.64 during the same quarter last year, which indicates a negative year over year growth rate of 18.8%. The company is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Heritage-Crystal Clean will report full-year earnings of $2.06 per share for the current fiscal year, with EPS estimates ranging from $1.83 to $2.25. For the next financial year, analysts forecast that the business will post earnings of $2.02 per share, with EPS estimates ranging from $1.89 to $2.14. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCIGet Rating) last announced its earnings results on Wednesday, May 4th. The industrial products company reported $0.54 EPS for the quarter, beating 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 quarter in the previous year, the firm posted $0.39 EPS.

Several research firms have recently issued reports on HCCI. Zacks Investment Research lowered Heritage-Crystal Clean from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $39.00 price target on shares of Heritage-Crystal Clean in a research report on Friday, March 4th. Barrington Research lifted their price target on Heritage-Crystal Clean from $39.00 to $40.00 in a research report on Monday. StockNews.com lowered Heritage-Crystal Clean from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 10th. Finally, Roth Capital reissued a “buy” rating on shares of Heritage-Crystal Clean in a research report on Monday, March 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $37.80.

Shares of HCCI stock opened at $26.52 on Friday. Heritage-Crystal Clean has a 12 month low of $25.31 and a 12 month high of $36.29. The stock has a market cap of $643.91 million, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.84 and a beta of 1.24. The company’s fifty day moving average price is $28.26 and its 200-day moving average price is $30.14.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG increased its position in shares of 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 valued at $448,000 after purchasing an additional 475 shares during the last quarter. Strs Ohio increased its position in shares of Heritage-Crystal Clean by 2.0% during the 1st quarter. Strs Ohio now owns 25,300 shares of the industrial products company’s stock valued at $749,000 after purchasing an additional 500 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of 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 valued at $696,000 after acquiring an additional 501 shares during the period. Royal Bank of Canada grew its stake in shares of 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 valued at $915,000 after acquiring an additional 520 shares during the period. Finally, EMC Capital Management grew its stake in shares of Heritage-Crystal Clean by 1.0% during the 4th quarter. EMC Capital Management now owns 56,576 shares of the industrial products company’s stock valued at $1,812,000 after acquiring an additional 576 shares during the period. 61.09% of the stock is owned by hedge funds and other institutional investors.

Heritage-Crystal Clean Company Profile (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.

Featured Stories

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.