US Ecology, Inc. (ECOL) to Issue Quarterly Dividend of $0.18 on October 27th
US Ecology, Inc. (NASDAQ:ECOL) declared a quarterly dividend on Monday, October 2nd, Zacks reports. Investors of record on Friday, October 20th will be given a dividend of 0.18 per share by the business services provider on Friday, October 27th. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, October 19th.
US Ecology (ECOL) opened at 53.05 on Wednesday. The company has a 50 day moving average of $51.85 and a 200 day moving average of $50.37. US Ecology has a 1-year low of $38.00 and a 1-year high of $55.75. The firm has a market capitalization of $1.16 billion, a PE ratio of 41.48 and a beta of 0.66.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.38 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. US Ecology had a return on equity of 11.37% and a net margin of 5.86%. The firm had revenue of $126.06 million during the quarter, compared to the consensus estimate of $128.38 million. During the same period last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts forecast that US Ecology will post $1.78 EPS for the current year.
A number of research firms have commented on ECOL. BidaskClub downgraded US Ecology from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Stifel Nicolaus reissued a “buy” rating and issued a $60.00 target price on shares of US Ecology in a report on Sunday, July 30th. Canaccord Genuity reissued a “buy” rating and issued a $60.00 target price on shares of US Ecology in a report on Friday, September 8th. Zacks Investment Research downgraded US Ecology from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, BMO Capital Markets began coverage on US Ecology in a report on Thursday, June 29th. They issued a “market perform” rating and a $54.00 target price for the company. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. US Ecology has an average rating of “Hold” and a consensus price target of $53.75.
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In other US Ecology news, Director Stephen A. Romano sold 3,000 shares of US Ecology stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $52.05, for a total value of $156,150.00. Following the completion of the sale, the director now owns 28,395 shares in the company, valued at approximately $1,477,959.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric L. Gerratt sold 19,936 shares of US Ecology stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $46.80, for a total value of $933,004.80. Following the completion of the sale, the chief financial officer now owns 31,447 shares of the company’s stock, valued at approximately $1,471,719.60. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
About US Ecology
US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.
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