Equities research analysts forecast that Clean Harbors Inc (NYSE:CLH) will announce sales of $872.45 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Clean Harbors’ earnings, with the highest sales estimate coming in at $884.00 million and the lowest estimate coming in at $865.30 million. Clean Harbors reported sales of $849.14 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 7th.
On average, analysts expect that Clean Harbors will report full-year sales of $3.42 billion for the current fiscal year, with estimates ranging from $3.39 billion to $3.44 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.55 billion, with estimates ranging from $3.53 billion to $3.56 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Clean Harbors.
Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 1st. The business services provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $780.80 million for the quarter, compared to the consensus estimate of $792.78 million. Clean Harbors had a return on equity of 7.01% and a net margin of 2.38%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) earnings per share.
In related news, Director Rod Marlin sold 4,267 shares of Clean Harbors stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.58, for a total transaction of $292,630.86. Following the transaction, the director now owns 37,062 shares in the company, valued at $2,541,711.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael Louis Battles sold 4,000 shares of Clean Harbors stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $71.85, for a total value of $287,400.00. Following the transaction, the chief financial officer now owns 40,972 shares in the company, valued at approximately $2,943,838.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,267 shares of company stock worth $4,196,255. Company insiders own 8.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new position in Clean Harbors during the fourth quarter worth approximately $30,000. O Shaughnessy Asset Management LLC lifted its position in Clean Harbors by 148.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 761 shares of the business services provider’s stock worth $54,000 after buying an additional 455 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in Clean Harbors during the first quarter worth approximately $56,000. Meridian Wealth Management LLC purchased a new position in Clean Harbors during the first quarter worth approximately $70,000. Finally, Flagship Harbor Advisors LLC lifted its position in Clean Harbors by 1,357.9% during the first quarter. Flagship Harbor Advisors LLC now owns 2,041 shares of the business services provider’s stock worth $145,000 after buying an additional 1,901 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Shares of NYSE CLH traded up $1.34 during midday trading on Friday, hitting $69.78. The stock had a trading volume of 343,211 shares, compared to its average volume of 269,974. The firm has a market capitalization of $3.82 billion, a P/E ratio of 55.38 and a beta of 1.61. The company’s 50 day simple moving average is $67.93. Clean Harbors has a 1 year low of $46.21 and a 1 year high of $77.24. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.92 and a quick ratio of 1.59.
Clean Harbors Company Profile
Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.
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