Charah Solutions, Inc. (NYSE:CHRA) Expected to Post Earnings of -$0.16 Per Share

Wall Street analysts expect Charah Solutions, Inc. (NYSE:CHRAGet Rating) to report earnings of ($0.16) per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Charah Solutions’ earnings, with estimates ranging from ($0.20) to ($0.12). Charah Solutions posted earnings of ($0.20) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 20%. The company is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Charah Solutions will report full year earnings of ($0.60) per share for the current fiscal year, with EPS estimates ranging from ($0.64) to ($0.56). For the next financial year, analysts forecast that the company will post earnings of ($0.15) per share, with EPS estimates ranging from ($0.23) to ($0.06). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Charah Solutions.

Charah Solutions (NYSE:CHRAGet Rating) last posted its earnings results on Thursday, March 31st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). Charah Solutions had a negative return on equity of 141.08% and a negative net margin of 5.39%. The firm had revenue of $93.43 million for the quarter.

Several equities analysts recently issued reports on the company. B. Riley decreased their target price on Charah Solutions from $7.00 to $5.00 in a research note on Thursday, May 12th. Zacks Investment Research raised Charah Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, April 6th.

CHRA opened at $3.22 on Friday. The stock’s 50-day moving average price is $3.76 and its 200 day moving average price is $4.51. Charah Solutions has a 12-month low of $2.20 and a 12-month high of $6.30. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 21.67. The firm has a market cap of $108.60 million, a price-to-earnings ratio of -4.13 and a beta of 0.39.

Hedge funds have recently bought and sold shares of the business. Portolan Capital Management LLC raised its position in shares of Charah Solutions by 2.4% during the 1st quarter. Portolan Capital Management LLC now owns 3,591,972 shares of the company’s stock worth $17,924,000 after acquiring an additional 83,025 shares in the last quarter. B. Riley Financial Inc. purchased a new position in Charah Solutions in the first quarter valued at approximately $14,416,000. American Century Companies Inc. raised its holdings in Charah Solutions by 2.6% during the fourth quarter. American Century Companies Inc. now owns 2,332,743 shares of the company’s stock worth $11,034,000 after purchasing an additional 59,696 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Charah Solutions by 22.3% during the 1st quarter. Vanguard Group Inc. now owns 606,052 shares of the company’s stock worth $3,024,000 after buying an additional 110,470 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Charah Solutions by 14.5% in the 1st quarter. Sei Investments Co. now owns 228,651 shares of the company’s stock valued at $1,141,000 after buying an additional 29,000 shares in the last quarter.

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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