Wall Street analysts predict that Clean Harbors, Inc. (NYSE:CLH – Get Rating) will report sales of $1.23 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Clean Harbors’ earnings, with the lowest sales estimate coming in at $1.21 billion and the highest estimate coming in at $1.26 billion. Clean Harbors posted sales of $926.46 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 32.8%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Clean Harbors will report full year sales of $4.74 billion for the current fiscal year, with estimates ranging from $4.70 billion to $4.81 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.90 billion, with estimates ranging from $4.83 billion to $4.97 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Clean Harbors.
Clean Harbors (NYSE:CLH – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The business services provider reported $0.83 earnings per share 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 analysts’ expectations of $1.07 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 5.44%. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 EPS.
CLH stock opened at $93.40 on Wednesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.98 and a quick ratio of 1.69. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 22.51 and a beta of 1.58. The business’s fifty day moving average price is $101.29 and its two-hundred day moving average price is $99.88. Clean Harbors has a fifty-two week low of $85.67 and a fifty-two week high of $118.89.
In other Clean Harbors news, CEO Alan S. Mckim sold 30,000 shares of the business’s stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael Louis Battles bought 2,000 shares of the stock in a transaction on Thursday, May 12th. The stock was purchased at an average price of $88.35 per share, for a total transaction of $176,700.00. Following the completion of the purchase, the chief financial officer now owns 70,440 shares of the company’s stock, valued at $6,223,374. The disclosure for this purchase can be found here. Insiders have sold 37,677 shares of company stock valued at $4,091,867 over the last 90 days. 6.60% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of CLH. Commonwealth Equity Services LLC raised its position in shares of Clean Harbors by 3.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,263 shares of the business services provider’s stock worth $325,000 after acquiring an additional 115 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Clean Harbors by 0.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 13,199 shares of the business services provider’s stock worth $1,317,000 after purchasing an additional 116 shares in the last quarter. Quent Capital LLC boosted its stake in shares of Clean Harbors by 24.4% in the 1st quarter. Quent Capital LLC now owns 623 shares of the business services provider’s stock worth $70,000 after buying an additional 122 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Clean Harbors by 3.4% in the 4th quarter. LPL Financial LLC now owns 3,787 shares of the business services provider’s stock worth $378,000 after buying an additional 126 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in Clean Harbors by 5.3% during the fourth quarter. Stephens Inc. AR now owns 2,555 shares of the business services provider’s stock valued at $255,000 after purchasing an additional 128 shares in the last quarter. Institutional investors own 86.53% of the company’s stock.
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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