Clean Harbors (CLH) Issues Quarterly Earnings Results

Clean Harbors (NYSE:CLH) released its earnings results on Wednesday. The business services provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.16, MarketWatch Earnings reports. Clean Harbors had a return on equity of 3.17% and a net margin of 3.69%. The firm had revenue of $843.18 million during the quarter, compared to analysts’ expectations of $846.07 million. During the same period in the prior year, the company earned $0.21 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis.

Shares of CLH traded up $3.45 during trading hours on Wednesday, reaching $67.06. The stock had a trading volume of 21,165 shares, compared to its average volume of 465,095. Clean Harbors has a 12 month low of $44.74 and a 12 month high of $72.50. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 203.12 and a beta of 1.06. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.73 and a current ratio of 2.09.

Several research firms have weighed in on CLH. Needham & Company LLC upped their target price on Clean Harbors from $74.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, October 1st. Stifel Nicolaus restated a “buy” rating and set a $80.00 target price (up from $70.00) on shares of Clean Harbors in a research note on Tuesday, September 25th. ValuEngine upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. BMO Capital Markets upped their target price on Clean Harbors from $65.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, August 2nd. Finally, Robert W. Baird restated a “buy” rating and set a $69.00 target price on shares of Clean Harbors in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $65.25.



In other news, EVP Brian P. Weber sold 1,304 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $69.83, for a total value of $91,058.32. Following the completion of the transaction, the executive vice president now directly owns 63,573 shares in the company, valued at approximately $4,439,302.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrea Robertson sold 2,000 shares of the stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $63.62, for a total value of $127,240.00. Following the completion of the transaction, the director now owns 16,429 shares of the company’s stock, valued at $1,045,212.98. The disclosure for this sale can be found here. Insiders sold a total of 20,817 shares of company stock valued at $1,392,201 over the last quarter. 8.70% of the stock is owned by corporate insiders.

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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Earnings History for Clean Harbors (NYSE:CLH)

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