KeyCorp Comments on Clean Harbors, Inc.’s Q4 2017 Earnings (CLH)
Clean Harbors, Inc. (NYSE:CLH) – Analysts at KeyCorp cut their Q4 2017 earnings per share (EPS) estimates for Clean Harbors in a note issued to investors on Wednesday. KeyCorp analyst J. Box now expects that the business services provider will post earnings per share of $0.18 for the quarter, down from their prior forecast of $0.19. KeyCorp currently has a “Overweight” rating and a $65.00 target price on the stock. KeyCorp also issued estimates for Clean Harbors’ Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $1.10 EPS.
Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Clean Harbors had a positive return on equity of 0.79% and a negative net margin of 0.65%. The company had revenue of $752.80 million for the quarter, compared to analyst estimates of $735.63 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. Clean Harbors’s revenue was up 7.9% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “KeyCorp Comments on Clean Harbors, Inc.’s Q4 2017 Earnings (CLH)” was first posted by Daily Political and is owned by of Daily Political. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.dailypolitical.com/2017/08/05/keycorp-comments-on-clean-harbors-inc-s-q4-2017-earnings-clh.html.
CLH has been the topic of a number of other reports. Zacks Investment Research raised shares of Clean Harbors from a “strong sell” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday, May 2nd. Wedbush reissued an “outperform” rating and set a $63.00 target price on shares of Clean Harbors in a report on Tuesday, April 11th. BMO Capital Markets initiated coverage on shares of Clean Harbors in a report on Thursday, June 29th. They set an “outperform” rating and a $65.00 target price on the stock. BidaskClub cut shares of Clean Harbors from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, ValuEngine raised shares of Clean Harbors from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $61.27.
Shares of Clean Harbors (NYSE CLH) opened at 54.17 on Friday. The company’s 50-day moving average is $55.93 and its 200 day moving average is $56.45. Clean Harbors has a 52 week low of $43.03 and a 52 week high of $61.62. The firm’s market capitalization is $3.10 billion.
In related news, insider David M. Parry sold 4,402 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $58.96, for a total value of $259,541.92. Following the sale, the insider now owns 39,955 shares of the company’s stock, valued at approximately $2,355,746.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael J. Twohig sold 4,071 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $59.25, for a total transaction of $241,206.75. Following the completion of the sale, the executive vice president now directly owns 30,854 shares in the company, valued at approximately $1,828,099.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,418 shares of company stock worth $605,895. Corporate insiders own 9.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. SFE Investment Counsel boosted its stake in Clean Harbors by 2.2% in the first quarter. SFE Investment Counsel now owns 28,268 shares of the business services provider’s stock worth $1,572,000 after buying an additional 596 shares during the period. Renaissance Technologies LLC boosted its stake in Clean Harbors by 19.2% in the first quarter. Renaissance Technologies LLC now owns 1,091,002 shares of the business services provider’s stock worth $60,682,000 after buying an additional 175,602 shares during the period. Trexquant Investment LP purchased a new stake in Clean Harbors during the first quarter worth $941,000. American International Group Inc. boosted its stake in Clean Harbors by 3.4% in the first quarter. American International Group Inc. now owns 104,193 shares of the business services provider’s stock worth $5,795,000 after buying an additional 3,419 shares during the period. Finally, Princeton Alpha Management LP purchased a new stake in Clean Harbors during the first quarter worth $396,000. 95.64% of the stock is currently owned by institutional investors and hedge funds.
About Clean Harbors
Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.
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