Wall Street brokerages expect Clean Harbors Inc (NYSE:CLH) to post $0.40 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Clean Harbors’ earnings, with estimates ranging from $0.37 to $0.44. Clean Harbors reported earnings per share of $0.21 in the same quarter last year, which suggests a positive year over year growth rate of 90.5%. The business is expected to report its next earnings report on Wednesday, November 7th.

On average, analysts expect that Clean Harbors will report full year earnings of $0.99 per share for the current fiscal year, with EPS estimates ranging from $0.92 to $1.08. For the next year, analysts expect that the firm will post earnings of $1.37 per share, with EPS estimates ranging from $1.16 to $1.55. Zacks’ EPS averages 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 results on Wednesday, August 1st. The business services provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.19. The company had revenue of $849.14 million for the quarter, compared to the consensus estimate of $838.85 million. Clean Harbors had a return on equity of 3.17% and a net margin of 3.69%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 EPS.

CLH has been the topic of several recent analyst reports. TheStreet upgraded Clean Harbors from a “c+” rating to a “b” rating in a research note on Thursday, August 2nd. Robert W. Baird reiterated a “buy” rating and set a $69.00 target price on shares of Clean Harbors in a research note on Thursday, August 2nd. Needham & Company LLC increased their target price on Clean Harbors from $63.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Stifel Nicolaus increased their target price on Clean Harbors from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, ValuEngine upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. Clean Harbors has a consensus rating of “Buy” and a consensus price target of $63.25.

In other news, EVP David M. Parry sold 3,026 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $61.93, for a total transaction of $187,400.18. Following the transaction, the executive vice president now directly owns 47,177 shares of the company’s stock, valued at approximately $2,921,671.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Eric W. Gerstenberg sold 8,000 shares of the stock in a transaction on Monday, June 25th. The shares were sold at an average price of $55.19, for a total value of $441,520.00. Following the transaction, the chief operating officer now directly owns 59,486 shares in the company, valued at $3,283,032.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,513 shares of company stock worth $1,742,663. Company insiders own 8.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLH. TLP Group LLC bought a new position in shares of Clean Harbors during the 1st quarter valued at $201,000. Brown Advisory Inc. bought a new position in shares of Clean Harbors during the 1st quarter valued at $225,000. Oakbrook Investments LLC bought a new position in shares of Clean Harbors during the 2nd quarter valued at $239,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Clean Harbors during the 2nd quarter valued at $322,000. Finally, Sawtooth Solutions LLC bought a new position in Clean Harbors in the 2nd quarter worth $350,000. 94.16% of the stock is currently owned by hedge funds and other institutional investors.

CLH traded down $0.32 during trading on Tuesday, hitting $69.30. 522,612 shares of the company’s stock traded hands, compared to its average volume of 464,648. The company has a current ratio of 2.09, a quick ratio of 1.73 and a debt-to-equity ratio of 1.40. Clean Harbors has a 12-month low of $44.74 and a 12-month high of $72.50. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 210.00 and a beta of 1.07.

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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