Wall Street analysts expect that US Ecology, Inc. (NASDAQ:ECOL) will post $237.80 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for US Ecology’s earnings. The highest sales estimate is $238.60 million and the lowest is $237.00 million. US Ecology reported sales of $213.92 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.2%. The company is expected to issue its next earnings results after the market closes on Thursday, July 29th.
On average, analysts expect that US Ecology will report full year sales of $975.70 million for the current financial year, with estimates ranging from $971.40 million to $980.00 million. For the next year, analysts anticipate that the business will report sales of $1.03 billion, with estimates ranging from $1.03 billion to $1.04 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover US Ecology.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Thursday, April 29th. The business services provider reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. The company had revenue of $228.62 million for the quarter, compared to analyst estimates of $226.30 million. US Ecology had a negative net margin of 9.99% and a positive return on equity of 1.40%.
Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in US Ecology by 133.5% in the 1st quarter. Bank of New York Mellon Corp now owns 732,778 shares of the business services provider’s stock valued at $30,512,000 after purchasing an additional 419,016 shares during the last quarter. Norges Bank acquired a new position in US Ecology in the 4th quarter valued at about $12,086,000. BlackRock Inc. raised its stake in US Ecology by 5.0% in the 1st quarter. BlackRock Inc. now owns 5,076,967 shares of the business services provider’s stock valued at $211,405,000 after purchasing an additional 243,136 shares during the last quarter. Victory Capital Management Inc. raised its stake in US Ecology by 15.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,618,950 shares of the business services provider’s stock valued at $67,413,000 after purchasing an additional 214,502 shares during the last quarter. Finally, UBS Group AG raised its stake in US Ecology by 2,072.6% in the 1st quarter. UBS Group AG now owns 120,276 shares of the business services provider’s stock valued at $5,009,000 after purchasing an additional 114,740 shares during the last quarter. 88.53% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ ECOL traded down $0.29 during trading on Monday, hitting $36.91. 1,183 shares of the company were exchanged, compared to its average volume of 142,719. The stock has a market cap of $1.16 billion, a P/E ratio of 127.35 and a beta of 1.19. US Ecology has a 1 year low of $29.89 and a 1 year high of $45.72. The stock has a fifty day moving average price of $38.16. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.22 and a current ratio of 2.22.
About US Ecology
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, Europe, the Middle East, Africa, Mexico, internationally. It operates through three segments: Waste Solutions, Field Services, and Energy Waste. The Waste Solutions segment offers specialty waste management services, including treatment, disposal, beneficial re-use, and recycling of hazardous, non-hazardous, and other specialty waste at company-owned treatment, storage, and disposal facilities, as well as wastewater treatment services.
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