Clean Harbors (CLH) Scheduled to Post Quarterly Earnings on Wednesday

Clean Harbors (NYSE:CLH) is set to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.16 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.44 earnings per share. On average, analysts expect Clean Harbors to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Clean Harbors Stock Down 0.4 %

CLH stock opened at $193.27 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02. Clean Harbors has a 1-year low of $129.70 and a 1-year high of $204.06. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 27.81 and a beta of 1.24. The company’s 50 day moving average is $192.49 and its 200 day moving average is $176.28.

Insider Transactions at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the sale, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The disclosure for this sale can be found here. Insiders sold 25,185 shares of company stock worth $4,819,554 over the last three months. 5.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Oppenheimer boosted their target price on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. BMO Capital Markets lifted their target price on shares of Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Stifel Nicolaus restated a “buy” rating and issued a $220.00 price target on shares of Clean Harbors in a research note on Monday, April 22nd. Needham & Company LLC lifted their price objective on Clean Harbors from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Finally, Robert W. Baird raised their price target on Clean Harbors from $192.00 to $235.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $207.90.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.