Analysts expect that Clean Harbors Inc (NYSE:CLH) will announce sales of $836.20 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Clean Harbors’ earnings. The highest sales estimate is $841.40 million and the lowest is $831.00 million. Clean Harbors posted sales of $752.79 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The business is expected to announce its next quarterly earnings report on Wednesday, August 1st.
On average, analysts expect that Clean Harbors will report full year sales of $3.28 billion for the current financial year, with estimates ranging from $3.26 billion to $3.30 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.46 billion per share, with estimates ranging from $3.41 billion to $3.52 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Clean Harbors.
Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 2nd. The business services provider reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. The business had revenue of $749.80 million during the quarter, compared to the consensus estimate of $732.88 million. Clean Harbors had a return on equity of 1.72% and a net margin of 3.64%. Clean Harbors’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.19) earnings per share.
A number of research analysts have issued reports on CLH shares. Zacks Investment Research upgraded Clean Harbors from a “sell” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Tuesday, May 1st. Robert W. Baird upgraded Clean Harbors from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $60.00 to $61.00 in a research note on Thursday, May 3rd. Canaccord Genuity upgraded Clean Harbors from a “hold” rating to a “buy” rating and upped their price objective for the company from $54.00 to $60.00 in a research note on Thursday, May 3rd. ValuEngine downgraded Clean Harbors from a “hold” rating to a “sell” rating in a research note on Wednesday, April 18th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $60.00 price objective (down previously from $61.00) on shares of Clean Harbors in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $57.89.
In other news, SVP Eric J. Dugas sold 900 shares of the company’s stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $52.76, for a total transaction of $47,484.00. Following the transaction, the senior vice president now owns 19,172 shares of the company’s stock, valued at approximately $1,011,514.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark G. Bouldin sold 703 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $47.62, for a total value of $33,476.86. Following the transaction, the executive vice president now directly owns 17,744 shares in the company, valued at approximately $844,969.28. The disclosure for this sale can be found here. Insiders have sold a total of 151,788 shares of company stock worth $7,871,253 in the last ninety days. Insiders own 8.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CLH. Atria Investments LLC lifted its position in shares of Clean Harbors by 32.5% during the 4th quarter. Atria Investments LLC now owns 5,990 shares of the business services provider’s stock valued at $325,000 after buying an additional 1,470 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Clean Harbors by 32.1% during the 4th quarter. Bank of Montreal Can now owns 46,499 shares of the business services provider’s stock valued at $2,521,000 after buying an additional 11,304 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Clean Harbors by 7.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 349,557 shares of the business services provider’s stock valued at $18,946,000 after buying an additional 22,984 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Clean Harbors during the 4th quarter valued at $226,000. Finally, SG Americas Securities LLC lifted its position in shares of Clean Harbors by 571.0% during the 4th quarter. SG Americas Securities LLC now owns 28,180 shares of the business services provider’s stock valued at $1,527,000 after buying an additional 23,980 shares during the last quarter. 93.20% of the stock is currently owned by hedge funds and other institutional investors.
Clean Harbors traded down $0.04, reaching $52.65, during trading on Tuesday, MarketBeat Ratings reports. The company’s stock had a trading volume of 311,165 shares, compared to its average volume of 482,974. The company has a market capitalization of $2.96 billion, a PE ratio of 154.85 and a beta of 1.03. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.06 and a quick ratio of 1.71. Clean Harbors has a 12 month low of $44.74 and a 12 month high of $59.86.
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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