Zacks Research Boosts Earnings Estimates for Clean Harbors

Clean Harbors, Inc. (NYSE:CLH) – Zacks Research raised their Q2 2027 earnings per share (EPS) estimates for shares of Clean Harbors in a research note issued on Wednesday, March 11th. Zacks Research analyst Team now anticipates that the business services provider will post earnings of $2.58 per share for the quarter, up from their previous estimate of $2.47. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Clean Harbors’ current full-year earnings is $7.89 per share. Zacks Research also issued estimates for Clean Harbors’ FY2028 earnings at $8.48 EPS.

Other analysts have also issued research reports about the stock. CJS Securities raised shares of Clean Harbors to a “strong-buy” rating in a report on Thursday, December 11th. Needham & Company LLC raised their price target on Clean Harbors from $290.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Wells Fargo & Company lifted their price objective on Clean Harbors from $248.00 to $291.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. Oppenheimer upped their price objective on Clean Harbors from $283.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Finally, BMO Capital Markets increased their target price on Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and an average price target of $297.64.

Clean Harbors Trading Up 0.1%

CLH opened at $289.77 on Thursday. The firm has a 50 day simple moving average of $269.48 and a 200 day simple moving average of $244.60. Clean Harbors has a fifty-two week low of $178.29 and a fifty-two week high of $298.12. The company has a market cap of $15.33 billion, a price-to-earnings ratio of 39.80 and a beta of 0.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm earned $1.55 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis.

Insider Activity

In other news, EVP Sharon M. Gabriel sold 3,540 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $282.07, for a total value of $998,527.80. Following the completion of the transaction, the executive vice president owned 23,193 shares of the company’s stock, valued at $6,542,049.51. The trade was a 13.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John R. Welch sold 750 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $273.07, for a total transaction of $204,802.50. Following the completion of the sale, the director owned 10,237 shares of the company’s stock, valued at approximately $2,795,417.59. This represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 7,679 shares of company stock valued at $2,132,403. 5.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elyxium Wealth LLC acquired a new stake in shares of Clean Harbors during the fourth quarter worth about $26,000. Quattro Advisors LLC acquired a new position in shares of Clean Harbors in the 4th quarter valued at approximately $26,000. MidFirst Bank acquired a new position in shares of Clean Harbors in the 4th quarter valued at approximately $28,000. Parkside Financial Bank & Trust increased its stake in Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Clean Harbors during the 3rd quarter worth approximately $30,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.