Clean Harbors (CLH) Expected to Announce Earnings on Wednesday

Clean Harbors (NYSE:CLH) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, April 30th. Analysts expect the company to announce earnings of $1.02 per share and revenue of $1.44 billion for the quarter.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. On average, analysts expect Clean Harbors to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Clean Harbors Stock Up 1.1 %

Shares of Clean Harbors stock opened at $211.88 on Friday. Clean Harbors has a 52-week low of $178.29 and a 52-week high of $267.11. The firm’s 50 day moving average price is $201.53 and its 200-day moving average price is $229.15. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The company has a market cap of $11.48 billion, a P/E ratio of 28.56 and a beta of 1.11.

Insiders Place Their Bets

In related news, Director Lauren States sold 308 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the sale, the director now owns 11,918 shares in the company, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eric J. Dugas acquired 1,050 shares of the business’s stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. 5.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Oppenheimer reduced their price target on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Robert W. Baird decreased their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Truist Financial lowered their price target on Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday. StockNews.com downgraded shares of Clean Harbors from a “buy” rating to a “hold” rating in a report on Friday, April 18th. Finally, The Goldman Sachs Group dropped their target price on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.40.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. 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 offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.