Heritage-Crystal Clean (HCCI) Earning Somewhat Positive News Coverage, Study Shows
News stories about Heritage-Crystal Clean (NASDAQ:HCCI) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Heritage-Crystal Clean earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.6709373602094 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Heritage-Crystal Clean (HCCI) traded down 1.108% during trading on Tuesday, reaching $20.075. The company’s stock had a trading volume of 39,956 shares. Heritage-Crystal Clean has a 52 week low of $11.85 and a 52 week high of $21.05. The company has a 50 day moving average price of $18.82 and a 200-day moving average price of $15.95. The company has a market capitalization of $453.98 million, a PE ratio of 26.208 and a beta of 2.09.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. The company had revenue of $86.38 million during the quarter, compared to the consensus estimate of $82.45 million. Heritage-Crystal Clean had a return on equity of 7.69% and a net margin of 4.92%. Equities research analysts anticipate that Heritage-Crystal Clean will post $0.70 earnings per share for the current year.
Several analysts recently commented on HCCI shares. TheStreet upgraded Heritage-Crystal Clean from a “c” rating to a “b-” rating in a research report on Wednesday, May 17th. Needham & Company LLC boosted their price target on Heritage-Crystal Clean from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating on shares of Heritage-Crystal Clean in a research report on Tuesday, September 5th. BidaskClub upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Friday, July 28th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $20.50.
In other news, COO Gregory Ray sold 2,000 shares of Heritage-Crystal Clean stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $16.15, for a total value of $32,300.00. Following the completion of the sale, the chief operating officer now owns 168,965 shares of the company’s stock, valued at $2,728,784.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Ellie Bruce sold 2,252 shares of Heritage-Crystal Clean stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $17.00, for a total value of $38,284.00. Following the completion of the sale, the vice president now directly owns 23,281 shares of the company’s stock, valued at approximately $395,777. The disclosure for this sale can be found here. Company insiders own 14.80% of the company’s stock.
Heritage-Crystal Clean Company Profile
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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