Wall Street brokerages expect Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) to post $0.21 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Heritage-Crystal Clean’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.23. Heritage-Crystal Clean posted earnings per share of $0.20 in the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The company is scheduled to announce its next earnings results on Wednesday, March 7th.
On average, analysts expect that Heritage-Crystal Clean will report full-year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.62 to $0.65. For the next fiscal year, analysts anticipate that the company will post earnings of $0.80 per share, with EPS estimates ranging from $0.77 to $0.83. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Heritage-Crystal Clean.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its earnings results on Wednesday, October 18th. The industrial products company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). The business had revenue of $83.33 million for the quarter, compared to the consensus estimate of $85.32 million. Heritage-Crystal Clean had a return on equity of 6.76% and a net margin of 5.56%.
Several analysts have recently commented on the company. Stifel Nicolaus restated a “buy” rating and set a $23.00 target price on shares of Heritage-Crystal Clean in a report on Thursday, October 19th. BidaskClub upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research cut Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Roth Capital set a $24.00 price target on Heritage-Crystal Clean and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Robert W. Baird raised their price target on Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.50.
A number of institutional investors have recently bought and sold shares of the stock. Strs Ohio bought a new position in Heritage-Crystal Clean during the third quarter worth about $132,000. Nationwide Fund Advisors boosted its holdings in Heritage-Crystal Clean by 10.0% during the second quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock worth $135,000 after buying an additional 770 shares during the last quarter. First Trust Advisors LP bought a new position in Heritage-Crystal Clean during the third quarter worth about $225,000. The Manufacturers Life Insurance Company boosted its holdings in Heritage-Crystal Clean by 18.3% during the second quarter. The Manufacturers Life Insurance Company now owns 14,315 shares of the industrial products company’s stock worth $227,000 after buying an additional 2,214 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Heritage-Crystal Clean by 26.1% during the second quarter. New York State Common Retirement Fund now owns 14,500 shares of the industrial products company’s stock worth $231,000 after buying an additional 2,999 shares during the last quarter. Institutional investors and hedge funds own 58.56% of the company’s stock.
Shares of Heritage-Crystal Clean (NASDAQ:HCCI) traded down $0.40 during mid-day trading on Friday, hitting $21.40. The stock had a trading volume of 127,000 shares, compared to its average volume of 85,354. The company has a quick ratio of 2.02, a current ratio of 2.51 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $487.34, a PE ratio of 24.88, a PEG ratio of 2.08 and a beta of 1.96. Heritage-Crystal Clean has a 12 month low of $12.85 and a 12 month high of $22.21.
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Heritage-Crystal Clean Company Profile
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
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