Equities analysts forecast that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will announce earnings of $0.21 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Heritage-Crystal Clean’s earnings. Heritage-Crystal Clean posted earnings of $0.20 per share during the same quarter last year, which indicates a positive year over year growth rate of 5%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, February 28th.
According to Zacks, analysts expect that Heritage-Crystal Clean will report full year earnings of $0.63 per share for the current financial year. For the next year, analysts anticipate that the company will post earnings of $0.96 per share. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Heritage-Crystal Clean.
Several research analysts have recently commented on the company. BidaskClub lowered Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research lowered Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.50.
Shares of Heritage-Crystal Clean (HCCI) traded down $0.45 during midday trading on Tuesday, hitting $20.00. The stock had a trading volume of 31,775 shares, compared to its average volume of 101,996. Heritage-Crystal Clean has a 52 week low of $12.85 and a 52 week high of $25.20. 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 stock has a market capitalization of $457.60, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 1.30 and a beta of 1.89.
Hedge funds and other institutional investors have recently modified their holdings of the company. 361 Capital LLC purchased a new position in shares of Heritage-Crystal Clean during the third quarter worth about $2,321,000. Prudential Financial Inc. bought a new stake in Heritage-Crystal Clean in the 3rd quarter worth approximately $350,000. American Century Companies Inc. bought a new stake in Heritage-Crystal Clean in the 3rd quarter worth approximately $515,000. Van ECK Associates Corp bought a new stake in Heritage-Crystal Clean in the 3rd quarter worth approximately $357,000. Finally, Dimensional Fund Advisors LP lifted its position in Heritage-Crystal Clean by 30.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 514,342 shares of the industrial products company’s stock worth $11,187,000 after buying an additional 121,150 shares during the last quarter. 56.28% of the stock is owned by institutional investors.
About Heritage-Crystal Clean
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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