Zacks: Brokerages Anticipate Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) Will Post Earnings of $0.32 Per Share

Equities research analysts predict that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will announce earnings of $0.32 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Heritage-Crystal Clean’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.35. Heritage-Crystal Clean reported earnings per share of $0.12 in the same quarter last year, which suggests a positive year-over-year growth rate of 166.7%. The business is expected to announce its next quarterly earnings report on Tuesday, March 3rd.

On average, analysts expect that Heritage-Crystal Clean will report full year earnings of $0.95 per share for the current year, with EPS estimates ranging from $0.91 to $0.99. For the next financial year, analysts anticipate that the firm will post earnings of $1.36 per share, with EPS estimates ranging from $1.33 to $1.45. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings data on Wednesday, October 16th. The industrial products company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). The company had revenue of $104.84 million for the quarter, compared to analysts’ expectations of $104.06 million. Heritage-Crystal Clean had a return on equity of 6.86% and a net margin of 3.01%.

HCCI has been the subject of several recent research reports. ValuEngine cut shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Barrington Research set a $31.00 price target on shares of Heritage-Crystal Clean and gave the company a “buy” rating in a research report on Tuesday, October 15th. BidaskClub cut shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Saturday, January 4th. Needham & Company LLC initiated coverage on shares of Heritage-Crystal Clean in a research report on Wednesday, January 8th. They issued a “hold” rating for the company. Finally, Zacks Investment Research cut shares of Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $28.75.

NASDAQ:HCCI opened at $29.54 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.61 and a current ratio of 1.98. Heritage-Crystal Clean has a fifty-two week low of $21.90 and a fifty-two week high of $32.58. The stock has a market capitalization of $687.70 million, a P/E ratio of 39.55, a PEG ratio of 1.45 and a beta of 1.44. The company has a 50 day moving average price of $31.04 and a 200 day moving average price of $27.54.

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Heritage-Crystal Clean by 14.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,126 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 512 shares in the last quarter. First Trust Advisors LP increased its stake in Heritage-Crystal Clean by 28.2% in the third quarter. First Trust Advisors LP now owns 62,220 shares of the industrial products company’s stock valued at $1,649,000 after purchasing an additional 13,693 shares during the period. California Public Employees Retirement System increased its stake in Heritage-Crystal Clean by 12.4% in the third quarter. California Public Employees Retirement System now owns 45,116 shares of the industrial products company’s stock valued at $1,196,000 after purchasing an additional 4,994 shares during the period. Squarepoint Ops LLC increased its stake in Heritage-Crystal Clean by 65.5% in the third quarter. Squarepoint Ops LLC now owns 12,636 shares of the industrial products company’s stock valued at $335,000 after purchasing an additional 5,003 shares during the period. Finally, State Street Corp increased its stake in Heritage-Crystal Clean by 3.7% in the third quarter. State Street Corp now owns 301,044 shares of the industrial products company’s stock valued at $7,978,000 after purchasing an additional 10,791 shares during the period. Hedge funds and other institutional investors own 63.79% of the company’s stock.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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