Wall Street brokerages expect that Clean Harbors Inc (NYSE:CLH) will post $872.45 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Clean Harbors’ earnings. The highest sales estimate is $884.00 million and the lowest is $865.30 million. Clean Harbors reported sales of $849.14 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. The firm is expected to report its next earnings results on Wednesday, August 7th.

On average, analysts expect that Clean Harbors will report full-year sales of $3.42 billion for the current year, with estimates ranging from $3.39 billion to $3.44 billion. For the next fiscal year, analysts anticipate that the company will report sales of $3.55 billion, with estimates ranging from $3.53 billion to $3.56 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Clean Harbors.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 1st. The business services provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. The company had revenue of $780.80 million during the quarter, compared to analyst estimates of $792.78 million. Clean Harbors had a return on equity of 7.01% and a net margin of 2.38%. Clean Harbors’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) earnings per share.

CLH has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on Clean Harbors from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 28th. UBS Group upped their target price on Clean Harbors from $70.00 to $73.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Finally, TheStreet lowered Clean Harbors from a “b-” rating to a “c+” rating in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.40.

Shares of CLH stock traded down $0.48 during trading on Thursday, hitting $66.40. The company’s stock had a trading volume of 228,446 shares, compared to its average volume of 236,641. The firm has a market cap of $3.71 billion, a PE ratio of 52.70 and a beta of 1.61. The company has a quick ratio of 1.59, a current ratio of 1.92 and a debt-to-equity ratio of 1.33. Clean Harbors has a 52 week low of $46.21 and a 52 week high of $77.24.

In other Clean Harbors news, EVP Brian P. Weber sold 1,777 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $71.00, for a total transaction of $126,167.00. Following the completion of the transaction, the executive vice president now directly owns 57,311 shares of the company’s stock, valued at $4,069,081. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael Louis Battles sold 4,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $69.74, for a total value of $278,960.00. Following the transaction, the chief financial officer now directly owns 47,007 shares of the company’s stock, valued at $3,278,268.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,777 shares of company stock valued at $3,958,301. 8.70% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System lifted its position in shares of Clean Harbors by 0.4% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 71,157 shares of the business services provider’s stock worth $3,512,000 after acquiring an additional 300 shares in the last quarter. Mason Street Advisors LLC lifted its position in shares of Clean Harbors by 1.3% during the first quarter. Mason Street Advisors LLC now owns 27,029 shares of the business services provider’s stock worth $1,933,000 after acquiring an additional 334 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Clean Harbors by 0.9% during the fourth quarter. Arizona State Retirement System now owns 36,579 shares of the business services provider’s stock worth $1,805,000 after acquiring an additional 337 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Clean Harbors by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 20,445 shares of the business services provider’s stock worth $1,009,000 after acquiring an additional 352 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Clean Harbors by 11.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,773 shares of the business services provider’s stock worth $186,000 after acquiring an additional 376 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

Further Reading: Support Level

Get a free copy of the Zacks research report on Clean Harbors (CLH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Clean Harbors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Harbors and related companies with MarketBeat.com's FREE daily email newsletter.