Heritage-Crystal Clean, Inc (NASDAQ:HCCI) Expected to Post Quarterly Sales of $116.94 Million

Equities analysts expect Heritage-Crystal Clean, Inc (NASDAQ:HCCI) to post sales of $116.94 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Heritage-Crystal Clean’s earnings, with estimates ranging from $116.70 million to $117.13 million. Heritage-Crystal Clean posted sales of $87.13 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 34.2%. The firm is expected to announce its next quarterly earnings report on Wednesday, October 13th.

On average, analysts expect that Heritage-Crystal Clean will report full year sales of $488.11 million for the current year, with estimates ranging from $483.40 million to $492.22 million. For the next financial year, analysts anticipate that the company will report sales of $491.99 million, with estimates ranging from $476.70 million to $500.88 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last announced its earnings results on Tuesday, July 27th. The industrial products company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.38 by $0.26. The business had revenue of $117.28 million during the quarter, compared to the consensus estimate of $107.73 million. Heritage-Crystal Clean had a net margin of 7.61% and a return on equity of 12.41%.

A number of analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $34.00 price objective on shares of Heritage-Crystal Clean in a report on Monday, August 2nd. Zacks Investment Research downgraded shares of Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a report on Tuesday, August 3rd. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $31.83.

Shares of HCCI stock traded up $0.56 during midday trading on Friday, hitting $28.60. 31,323 shares of the company were exchanged, compared to its average volume of 49,696. The firm has a market capitalization of $692.49 million, a P/E ratio of 19.87, a PEG ratio of 0.81 and a beta of 1.25. The firm’s 50 day moving average price is $28.45 and its two-hundred day moving average price is $28.93. Heritage-Crystal Clean has a 52 week low of $12.60 and a 52 week high of $34.91.

In other news, Director Carmine Falcone sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 18th. The shares were sold at an average price of $28.10, for a total transaction of $112,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.91% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Cannell Capital LLC lifted its holdings in shares of Heritage-Crystal Clean by 5.5% during the 1st quarter. Cannell Capital LLC now owns 854,710 shares of the industrial products company’s stock worth $23,188,000 after acquiring an additional 44,707 shares during the period. Wasatch Advisors Inc. lifted its holdings in shares of Heritage-Crystal Clean by 40.3% during the 1st quarter. Wasatch Advisors Inc. now owns 941,998 shares of the industrial products company’s stock worth $25,556,000 after acquiring an additional 270,475 shares during the period. GSA Capital Partners LLP acquired a new position in Heritage-Crystal Clean during the 2nd quarter worth approximately $431,000. Walthausen & Co. LLC increased its position in Heritage-Crystal Clean by 4.7% during the 1st quarter. Walthausen & Co. LLC now owns 167,296 shares of the industrial products company’s stock worth $4,539,000 after purchasing an additional 7,520 shares in the last quarter. Finally, UBS Group AG increased its position in Heritage-Crystal Clean by 43.3% during the 1st quarter. UBS Group AG now owns 8,154 shares of the industrial products company’s stock worth $221,000 after purchasing an additional 2,465 shares in the last quarter. 62.85% of the stock is owned by institutional investors.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc engages in the provision of parts cleaning and waste management services to the manufacturing and vehicle service sectors. It operates through the Environmental Services, and Oil Business segments. The Environmental Services segment includes parts cleaning, containerized waste management, vacuum truck services, antifreeze recycling activities, and field services.

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