Brokerages Expect Clean Harbors Inc (CLH) Will Announce Quarterly Sales of $844.57 Million

Wall Street analysts expect Clean Harbors Inc (NYSE:CLH) to announce $844.57 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Clean Harbors’ earnings. The lowest sales estimate is $806.50 million and the highest is $875.00 million. Clean Harbors reported sales of $755.85 million in the same quarter last year, which would suggest a positive year over year growth rate of 11.7%. The business is scheduled to issue its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Clean Harbors will report full year sales of $3.27 billion for the current financial year, with estimates ranging from $3.20 billion to $3.34 billion. For the next year, analysts expect that the company will post sales of $3.45 billion per share, with estimates ranging from $3.38 billion to $3.57 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Clean Harbors.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, August 1st. The business services provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.19. Clean Harbors had a return on equity of 3.17% and a net margin of 3.69%. The firm had revenue of $849.14 million during the quarter, compared to the consensus estimate of $838.85 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The business’s revenue was up 12.8% on a year-over-year basis.

Several equities research analysts have recently commented on the company. Needham & Company LLC increased their price objective on Clean Harbors from $63.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Stifel Nicolaus increased their price objective on Clean Harbors from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. ValuEngine raised Clean Harbors from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. BMO Capital Markets increased their price objective on Clean Harbors from $65.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, August 2nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $69.00 price objective on shares of Clean Harbors in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Clean Harbors presently has an average rating of “Buy” and a consensus target price of $63.25.

In other Clean Harbors news, SVP Eric J. Dugas sold 900 shares of the firm’s stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $52.76, for a total transaction of $47,484.00. Following the completion of the sale, the senior vice president now owns 19,172 shares of the company’s stock, valued at approximately $1,011,514.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eric W. Gerstenberg sold 8,000 shares of the firm’s stock in a transaction on Monday, June 25th. The shares were sold at an average price of $55.19, for a total value of $441,520.00. Following the sale, the chief operating officer now directly owns 59,486 shares of the company’s stock, valued at approximately $3,283,032.34. The disclosure for this sale can be found here. In the last three months, insiders sold 16,743 shares of company stock valued at $975,034. 8.70% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Clean Harbors by 1.9% during the 1st quarter. BlackRock Inc. now owns 4,286,357 shares of the business services provider’s stock valued at $209,220,000 after purchasing an additional 80,439 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Clean Harbors by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,989,511 shares of the business services provider’s stock valued at $110,515,000 after purchasing an additional 51,695 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Clean Harbors by 7.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,321,102 shares of the business services provider’s stock valued at $73,387,000 after purchasing an additional 88,400 shares during the last quarter. Hermes Investment Management Ltd. lifted its holdings in Clean Harbors by 2.9% during the 2nd quarter. Hermes Investment Management Ltd. now owns 885,314 shares of the business services provider’s stock valued at $49,179,000 after purchasing an additional 25,247 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Clean Harbors by 27.1% during the 2nd quarter. Janus Henderson Group PLC now owns 853,824 shares of the business services provider’s stock valued at $47,430,000 after purchasing an additional 182,311 shares during the last quarter. 95.60% of the stock is owned by institutional investors and hedge funds.

NYSE:CLH opened at $63.03 on Friday. Clean Harbors has a twelve month low of $44.74 and a twelve month high of $64.71. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.09 and a quick ratio of 1.73. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 191.00 and a beta of 0.95.

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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