Clean Harbors (CLH) to Release Earnings on Wednesday

Clean Harbors (NYSE:CLH) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.16 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts expect Clean Harbors to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $200.98 on Wednesday. Clean Harbors has a fifty-two week low of $129.70 and a fifty-two week high of $204.06. The business has a 50-day moving average of $191.76 and a two-hundred day moving average of $175.43. The stock has a market capitalization of $10.98 billion, a P/E ratio of 28.92 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CLH. BMO Capital Markets boosted their price target on Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Needham & Company LLC lifted their price objective on Clean Harbors from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Oppenheimer lifted their price objective on Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Robert W. Baird lifted their price objective on Clean Harbors from $192.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Finally, Truist Financial lifted their price objective on Clean Harbors from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $207.90.

Insider Activity at Clean Harbors

In related news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the transaction, the director now directly owns 4,767 shares in the company, valued at $897,912.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director John T. Preston sold 1,913 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the transaction, the director now directly owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $187.71, for a total value of $2,867,457.96. Following the completion of the transaction, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The disclosure for this sale can be found here. Insiders have sold 25,185 shares of company stock worth $4,819,554 over the last three months. Company insiders own 6.60% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.