Zacks Research Predicts Increased Earnings for Clean Harbors

Clean Harbors, Inc. (NYSE:CLH) – Zacks Research increased their Q2 2027 earnings per share (EPS) estimates for shares of Clean Harbors in a report issued on Wednesday, March 11th. Zacks Research analyst Team now expects that the business services provider will post earnings of $2.58 per share for the quarter, up from their previous estimate of $2.47. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Clean Harbors’ current full-year earnings is $7.89 per share. Zacks Research also issued estimates for Clean Harbors’ FY2028 earnings at $8.48 EPS.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.03. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 earnings per share.

CLH has been the topic of several other research reports. Barclays lifted their target price on shares of Clean Harbors from $230.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Citigroup raised their price target on shares of Clean Harbors from $274.00 to $302.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Truist Financial upped their price objective on shares of Clean Harbors from $250.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. TD Cowen restated a “buy” rating on shares of Clean Harbors in a report on Thursday, February 19th. Finally, BMO Capital Markets increased their price target on Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and an average price target of $292.18.

Clean Harbors Stock Up 1.2%

Shares of CLH opened at $289.37 on Thursday. The stock has a 50 day moving average price of $268.38 and a 200 day moving average price of $244.28. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 39.75 and a beta of 0.93. Clean Harbors has a one year low of $178.29 and a one year high of $298.12.

Hedge Funds Weigh In On Clean Harbors

Several large investors have recently modified their holdings of CLH. Quattro Advisors LLC purchased a new stake in Clean Harbors in the 4th quarter valued at about $26,000. Elyxium Wealth LLC acquired a new stake in shares of Clean Harbors during the fourth quarter valued at about $26,000. Parkside Financial Bank & Trust increased its position in shares of Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares during the last quarter. MidFirst Bank purchased a new stake in shares of Clean Harbors in the 4th quarter valued at approximately $28,000. Finally, Root Financial Partners LLC purchased a new position in shares of Clean Harbors during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Activity

In other Clean Harbors news, CFO Eric J. Dugas sold 2,788 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $281.31, for a total value of $784,292.28. Following the transaction, the chief financial officer directly owned 15,933 shares in the company, valued at $4,482,112.23. The trade was a 14.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Eric W. Gerstenberg sold 601 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the completion of the sale, the chief executive officer directly owned 50,454 shares of the company’s stock, valued at approximately $12,154,368.60. This trade represents a 1.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,679 shares of company stock valued at $2,132,403. Company insiders own 5.60% of the company’s stock.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.