Heritage-Crystal Clean (NASDAQ:HCCI) Earning Somewhat Favorable News Coverage, Study Finds
Headlines about Heritage-Crystal Clean (NASDAQ:HCCI) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Heritage-Crystal Clean earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.2961012661207 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Heritage-Crystal Clean (NASDAQ HCCI) traded up 0.27% during midday trading on Monday, reaching $18.75. 103,136 shares of the company traded hands. The company has a 50 day moving average price of $16.10 and a 200-day moving average price of $15.16. Heritage-Crystal Clean has a one year low of $11.85 and a one year high of $19.45. The stock has a market capitalization of $424.01 million, a P/E ratio of 24.48 and a beta of 2.10.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The business had revenue of $86.38 million for the quarter, compared to the consensus estimate of $82.45 million. Heritage-Crystal Clean had a net margin of 4.92% and a return on equity of 7.69%. Analysts forecast that Heritage-Crystal Clean will post $0.70 EPS for the current fiscal year.
HCCI has been the topic of a number of research reports. Zacks Investment Research lowered shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. TheStreet raised shares of Heritage-Crystal Clean from a “c” rating to a “b-” rating in a research note on Wednesday, May 17th. Needham & Company LLC lifted their target price on shares of Heritage-Crystal Clean from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 target price on shares of Heritage-Crystal Clean in a research note on Wednesday, July 19th. Finally, BidaskClub raised shares of Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Heritage-Crystal Clean has a consensus rating of “Buy” and an average target price of $20.50.
In other Heritage-Crystal Clean news, VP Ellie Bruce sold 2,252 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $17.00, for a total transaction of $38,284.00. Following the transaction, the vice president now owns 23,281 shares of the company’s stock, valued at approximately $395,777. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gregory Ray sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $16.15, for a total transaction of $32,300.00. Following the transaction, the chief operating officer now directly owns 168,965 shares in the company, valued at approximately $2,728,784.75. The disclosure for this sale can be found here. Insiders have sold a total of 15,252 shares of company stock worth $235,209 in the last three months. Insiders own 14.80% of the company’s stock.
About Heritage-Crystal Clean
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
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