Analysts Anticipate US Ecology Inc (ECOL) Will Post Earnings of $0.64 Per Share

Analysts expect US Ecology Inc (NASDAQ:ECOL) to announce earnings of $0.64 per share for the current quarter, Zacks reports. Two analysts have provided estimates for US Ecology’s earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.64. US Ecology posted earnings of $0.37 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 73%. The business is scheduled to report its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that US Ecology will report full year earnings of $2.24 per share for the current financial year, with EPS estimates ranging from $2.23 to $2.25. For the next financial year, analysts forecast that the firm will report earnings of $2.40 per share, with EPS estimates ranging from $2.37 to $2.42. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for US Ecology.

US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.07. US Ecology had a net margin of 11.74% and a return on equity of 14.12%. The company had revenue of $136.90 million for the quarter, compared to analysts’ expectations of $136.73 million. During the same period last year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year.

Several equities research analysts have issued reports on ECOL shares. BidaskClub raised shares of US Ecology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 30th. Zacks Investment Research cut shares of US Ecology from a “hold” rating to a “sell” rating in a research note on Thursday, April 26th. Finally, ValuEngine cut shares of US Ecology from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. US Ecology currently has a consensus rating of “Buy” and an average target price of $65.80.

Shares of US Ecology stock traded up $0.55 during mid-day trading on Thursday, hitting $71.00. 45,400 shares of the stock were exchanged, compared to its average volume of 81,051. US Ecology has a twelve month low of $44.50 and a twelve month high of $73.10. The stock has a market capitalization of $1.53 billion, a P/E ratio of 41.28 and a beta of 0.65. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.45 and a quick ratio of 2.45.

The business also recently announced a quarterly dividend, which was paid on Friday, July 27th. Investors of record on Friday, July 20th were given a $0.18 dividend. The ex-dividend date was Thursday, July 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.01%. US Ecology’s dividend payout ratio is presently 41.86%.

In related news, CFO Eric L. Gerratt sold 27,087 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $70.03, for a total value of $1,896,902.61. Following the sale, the chief financial officer now directly owns 44,587 shares of the company’s stock, valued at $3,122,427.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey R. Feeler sold 5,064 shares of the firm’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $59.05, for a total transaction of $299,029.20. Following the completion of the sale, the chief executive officer now directly owns 59,227 shares in the company, valued at $3,497,354.35. The disclosure for this sale can be found here. Insiders sold 55,551 shares of company stock worth $3,709,800 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in US Ecology by 8.3% in the second quarter. BlackRock Inc. now owns 2,997,106 shares of the business services provider’s stock valued at $190,914,000 after buying an additional 230,864 shares during the period. Millennium Management LLC raised its holdings in US Ecology by 1,440.5% in the first quarter. Millennium Management LLC now owns 177,083 shares of the business services provider’s stock valued at $9,439,000 after buying an additional 165,588 shares during the period. PNC Financial Services Group Inc. raised its holdings in US Ecology by 4,461.9% in the second quarter. PNC Financial Services Group Inc. now owns 40,190 shares of the business services provider’s stock valued at $2,560,000 after buying an additional 39,309 shares during the period. Deutsche Bank AG raised its holdings in US Ecology by 154.3% in the fourth quarter. Deutsche Bank AG now owns 54,799 shares of the business services provider’s stock valued at $2,793,000 after buying an additional 33,252 shares during the period. Finally, Epoch Investment Partners Inc. raised its holdings in US Ecology by 5.3% in the first quarter. Epoch Investment Partners Inc. now owns 604,174 shares of the business services provider’s stock valued at $32,203,000 after buying an additional 30,296 shares during the period. 83.86% of the stock is currently owned by institutional investors and hedge funds.

US Ecology Company Profile

US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates in two segments, Environmental Services; and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous and non-hazardous waste at its landfill, wastewater, and other treatment facilities.

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