Clean Harbors (NYSE:CLH) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Clean Harbors (NYSE:CLH) announced its earnings results on Wednesday. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.13, Briefing.com reports. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm earned $1.36 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis.

Clean Harbors Stock Performance

CLH stock traded up $1.80 during trading on Friday, hitting $207.35. The company had a trading volume of 330,570 shares, compared to its average volume of 310,847. The firm has a 50-day moving average price of $193.88 and a 200-day moving average price of $177.20. The company has a quick ratio of 1.66, a current ratio of 2.07 and a debt-to-equity ratio of 1.20. The firm has a market cap of $11.18 billion, a PE ratio of 30.01 and a beta of 1.24. Clean Harbors has a 1-year low of $132.92 and a 1-year high of $210.26.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms have recently weighed in on CLH. Raymond James upped their price objective on Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Robert W. Baird lifted their price objective on Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday. Oppenheimer raised their target price on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, BMO Capital Markets lifted their price target on Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $216.40.

Clean Harbors Company Profile

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.