Zacks: Brokerages Expect Clean Harbors Inc (CLH) Will Post Quarterly Sales of $824.60 Million
Wall Street brokerages expect Clean Harbors Inc (NYSE:CLH) to announce sales of $824.60 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Clean Harbors’ earnings, with the highest sales estimate coming in at $846.00 million and the lowest estimate coming in at $808.10 million. Clean Harbors reported sales of $747.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.3%. The firm is expected to report its next earnings report on Wednesday, February 27th.
According to Zacks, analysts expect that Clean Harbors will report full-year sales of $3.27 billion for the current fiscal year, with estimates ranging from $3.25 billion to $3.29 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.43 billion, with estimates ranging from $3.37 billion to $3.48 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Clean Harbors.
Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.16. Clean Harbors had a return on equity of 4.93% and a net margin of 4.18%. The business had revenue of $843.18 million for the quarter, compared to analyst estimates of $846.07 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis.
Clean Harbors stock opened at $66.25 on Friday. Clean Harbors has a twelve month low of $44.74 and a twelve month high of $72.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.70 and a current ratio of 2.04. The firm has a market cap of $3.71 billion, a PE ratio of 64.95 and a beta of 1.01.
In related news, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $64.17, for a total value of $3,208,500.00. Following the transaction, the insider now owns 3,859,062 shares of the company’s stock, valued at $247,636,008.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Grace Cowan sold 424 shares of the stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $70.62, for a total value of $29,942.88. Following the completion of the transaction, the executive vice president now directly owns 22,914 shares in the company, valued at approximately $1,618,186.68. The disclosure for this sale can be found here. Insiders sold 66,907 shares of company stock worth $4,370,593 in the last three months. 8.70% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Canada Pension Plan Investment Board grew its holdings in shares of Clean Harbors by 41.0% during the second quarter. Canada Pension Plan Investment Board now owns 193,200 shares of the business services provider’s stock worth $10,732,000 after purchasing an additional 56,200 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Clean Harbors by 13.1% during the second quarter. Bank of Montreal Can now owns 54,791 shares of the business services provider’s stock worth $3,043,000 after purchasing an additional 6,329 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Clean Harbors during the third quarter worth about $28,847,000. First Allied Advisory Services Inc. grew its holdings in shares of Clean Harbors by 19.0% during the second quarter. First Allied Advisory Services Inc. now owns 6,835 shares of the business services provider’s stock worth $383,000 after purchasing an additional 1,092 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in shares of Clean Harbors by 4.2% during the second quarter. Mutual of America Capital Management LLC now owns 43,935 shares of the business services provider’s stock worth $2,441,000 after purchasing an additional 1,759 shares during the last quarter. 95.38% of the stock is currently owned by institutional investors.
About Clean Harbors
Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.
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