Zacks: Brokerages Anticipate Clean Harbors Inc (CLH) Will Announce Quarterly Sales of $844.57 Million
Wall Street brokerages predict that Clean Harbors Inc (NYSE:CLH) will announce sales of $844.57 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Clean Harbors’ earnings. The lowest sales estimate is $806.50 million and the highest is $875.00 million. Clean Harbors posted sales of $755.85 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.7%. The company is expected to report its next quarterly earnings report on Wednesday, November 7th.
On average, analysts expect that Clean Harbors will report full year sales of $3.27 billion for the current financial year, with estimates ranging from $3.20 billion to $3.34 billion. For the next financial year, analysts forecast that the company will report sales of $3.45 billion, with estimates ranging from $3.38 billion to $3.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Clean Harbors.
Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, August 1st. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.19. The business had revenue of $849.14 million during the quarter, compared to analysts’ expectations of $838.85 million. Clean Harbors had a net margin of 3.69% and a return on equity of 3.17%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS.
Shares of Clean Harbors stock traded up $2.04 during mid-day trading on Thursday, reaching $71.95. 649,500 shares of the stock were exchanged, compared to its average volume of 386,479. The stock has a market capitalization of $3.89 billion, a P/E ratio of 212.06 and a beta of 1.06. The company has a quick ratio of 1.73, a current ratio of 2.09 and a debt-to-equity ratio of 1.40. Clean Harbors has a fifty-two week low of $44.74 and a fifty-two week high of $72.50.
In other Clean Harbors news, EVP Grace Cowan sold 424 shares of the stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $70.62, for a total transaction of $29,942.88. Following the sale, the executive vice president now owns 22,914 shares of the company’s stock, valued at approximately $1,618,186.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brian P. Weber sold 1,304 shares of the stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $69.83, for a total transaction of $91,058.32. Following the sale, the executive vice president now directly owns 63,573 shares in the company, valued at approximately $4,439,302.59. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,817 shares of company stock worth $1,392,201. Insiders own 8.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Clean Harbors by 1.9% in the 1st quarter. BlackRock Inc. now owns 4,286,357 shares of the business services provider’s stock valued at $209,220,000 after purchasing an additional 80,439 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Clean Harbors by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,989,511 shares of the business services provider’s stock valued at $110,515,000 after purchasing an additional 51,695 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Clean Harbors by 7.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,321,102 shares of the business services provider’s stock valued at $73,387,000 after purchasing an additional 88,400 shares during the last quarter. Hermes Investment Management Ltd. boosted its stake in shares of Clean Harbors by 2.9% in the 2nd quarter. Hermes Investment Management Ltd. now owns 885,314 shares of the business services provider’s stock valued at $49,179,000 after purchasing an additional 25,247 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Clean Harbors by 27.1% in the 2nd quarter. Janus Henderson Group PLC now owns 853,824 shares of the business services provider’s stock valued at $47,430,000 after purchasing an additional 182,311 shares during the last quarter. 94.15% of the stock is currently owned by institutional investors.
Clean Harbors Company Profile
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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