Brokerages expect Clean Harbors Inc (NYSE:CLH) to announce $0.06 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Clean Harbors’ earnings. The lowest EPS estimate is $0.04 and the highest is $0.09. Clean Harbors reported earnings per share of ($0.06) in the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The company is expected to issue its next earnings report on Wednesday, February 28th.

On average, analysts expect that Clean Harbors will report full-year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.30 to $0.35. For the next fiscal year, analysts anticipate that the business will report earnings of $0.83 per share, with EPS estimates ranging from $0.76 to $0.91. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Clean Harbors.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.18). Clean Harbors had a return on equity of 1.05% and a net margin of 0.13%.

A number of brokerages have weighed in on CLH. Canaccord Genuity reissued a “hold” rating and set a $57.00 price target on shares of Clean Harbors in a research note on Thursday. Zacks Investment Research raised Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Needham & Company LLC reissued a “buy” rating and set a $66.00 price target on shares of Clean Harbors in a research note on Friday, November 3rd. Oppenheimer reduced their price target on Clean Harbors from $67.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. Finally, BMO Capital Markets reduced their price target on Clean Harbors from $65.00 to $59.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $61.00.

In other news, COO Eric W. Gerstenberg sold 7,150 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $52.77, for a total transaction of $377,305.50. Following the completion of the sale, the chief operating officer now directly owns 86,202 shares in the company, valued at approximately $4,548,879.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brian P. Weber sold 1,870 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $53.00, for a total value of $99,110.00. Following the sale, the executive vice president now owns 57,205 shares of the company’s stock, valued at $3,031,865. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,581 shares of company stock valued at $613,418. Insiders own 8.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Clean Harbors by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the business services provider’s stock worth $116,000 after buying an additional 188 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Clean Harbors by 1.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 42,077 shares of the business services provider’s stock worth $2,349,000 after buying an additional 473 shares during the last quarter. Prudential Financial Inc. increased its holdings in Clean Harbors by 1.6% in the 2nd quarter. Prudential Financial Inc. now owns 32,946 shares of the business services provider’s stock valued at $1,839,000 after purchasing an additional 515 shares in the last quarter. Van ECK Associates Corp increased its holdings in Clean Harbors by 4.2% in the 2nd quarter. Van ECK Associates Corp now owns 13,908 shares of the business services provider’s stock valued at $776,000 after purchasing an additional 566 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Clean Harbors by 0.5% in the 2nd quarter. California Public Employees Retirement System now owns 120,700 shares of the business services provider’s stock valued at $6,739,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 92.58% of the company’s stock.

Clean Harbors (NYSE CLH) opened at $55.17 on Friday. Clean Harbors has a 52 week low of $49.63 and a 52 week high of $61.62. The firm has a market capitalization of $3,109.71, a price-to-earnings ratio of 788.26 and a beta of 1.02. The company has a current ratio of 2.19, a quick ratio of 1.86 and a debt-to-equity ratio of 1.44.

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Clean Harbors Company Profile

Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.

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