Analysts forecast that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will report earnings of $0.31 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Heritage-Crystal Clean’s earnings, with estimates ranging from $0.27 to $0.35. Heritage-Crystal Clean reported earnings of $0.27 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 14.8%. The company is expected to announce its next earnings results after the market closes on Wednesday, July 24th.

According to Zacks, analysts expect that Heritage-Crystal Clean will report full year earnings of $1.06 per share for the current financial year, with EPS estimates ranging from $0.94 to $1.20. For the next fiscal year, analysts expect that the business will post earnings of $1.44 per share, with EPS estimates ranging from $1.30 to $1.55. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.20). The firm had revenue of $95.77 million for the quarter, compared to analysts’ expectations of $91.62 million. Heritage-Crystal Clean had a net margin of 2.92% and a return on equity of 6.17%.

HCCI has been the topic of several research analyst reports. ValuEngine upgraded Vale from a “sell” rating to a “hold” rating in a research note on Tuesday. Barrington Research boosted their price target on Lions Gate Entertainment to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, May 29th. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Finally, BidaskClub upgraded Yandex from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Heritage-Crystal Clean has an average rating of “Hold” and an average target price of $28.33.

Heritage-Crystal Clean stock traded down $0.33 during trading hours on Friday, hitting $27.06. 2,729 shares of the stock traded hands, compared to its average volume of 62,484. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.39. The firm’s 50 day moving average price is $26.04. The firm has a market capitalization of $616.99 million, a PE ratio of 39.78, a price-to-earnings-growth ratio of 1.67 and a beta of 1.43. Heritage-Crystal Clean has a 1 year low of $18.85 and a 1 year high of $29.01.

Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc lifted its position in shares of Heritage-Crystal Clean by 22.7% in the fourth quarter. Legal & General Group Plc now owns 2,744 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 507 shares in the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of Heritage-Crystal Clean in the fourth quarter valued at approximately $73,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Heritage-Crystal Clean by 476.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,100 shares of the industrial products company’s stock valued at $85,000 after buying an additional 2,562 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Heritage-Crystal Clean by 421.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,093 shares of the industrial products company’s stock valued at $117,000 after buying an additional 4,117 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Heritage-Crystal Clean by 861.5% in the first quarter. Meeder Asset Management Inc. now owns 5,125 shares of the industrial products company’s stock valued at $140,000 after buying an additional 4,592 shares during the period. Hedge funds and other institutional investors own 64.45% of the company’s stock.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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