Brokerages Expect US Ecology Inc (ECOL) Will Announce Quarterly Sales of $148.35 Million

Wall Street analysts expect US Ecology Inc (NASDAQ:ECOL) to post sales of $148.35 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for US Ecology’s earnings, with the lowest sales estimate coming in at $145.70 million and the highest estimate coming in at $151.00 million. US Ecology reported sales of $133.70 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11%. The firm is scheduled to issue its next earnings report on Thursday, February 21st.

According to Zacks, analysts expect that US Ecology will report full-year sales of $556.50 million for the current year, with estimates ranging from $554.00 million to $559.00 million. For the next year, analysts forecast that the business will post sales of $613.45 million, with estimates ranging from $598.00 million to $628.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover US Ecology.

US Ecology (NASDAQ:ECOL) last announced its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.08. US Ecology had a return on equity of 15.68% and a net margin of 12.30%. The business had revenue of $151.42 million during the quarter, compared to the consensus estimate of $144.11 million. During the same period in the previous year, the company posted $0.37 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis.

Several equities research analysts recently weighed in on ECOL shares. UBS Group boosted their target price on US Ecology from $56.00 to $61.00 and gave the stock a “sell” rating in a research note on Wednesday, September 5th. BidaskClub cut US Ecology from a “buy” rating to a “hold” rating in a research note on Saturday, September 29th. BMO Capital Markets decreased their target price on US Ecology from $76.00 to $74.00 and set a “market perform” rating for the company in a research note on Tuesday, November 6th. Zacks Investment Research cut US Ecology from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Finally, Stifel Nicolaus boosted their target price on US Ecology from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, August 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.60.

In related news, Director Stephen A. Romano sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $70.62, for a total transaction of $847,440.00. Following the completion of the sale, the director now owns 12,695 shares in the company, valued at $896,520.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey R. Feeler sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $73.08, for a total value of $438,480.00. Following the sale, the chief executive officer now owns 59,504 shares of the company’s stock, valued at approximately $4,348,552.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,557 shares of company stock valued at $2,355,988. 1.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new stake in US Ecology in the third quarter valued at approximately $191,000. Janney Montgomery Scott LLC purchased a new stake in US Ecology in the third quarter valued at approximately $206,000. Hartford Investment Management Co. purchased a new stake in US Ecology in the third quarter valued at approximately $207,000. Wealthsource Partners LLC purchased a new stake in US Ecology in the third quarter valued at approximately $221,000. Finally, Park National Corp OH purchased a new stake in US Ecology in the third quarter valued at approximately $221,000. Institutional investors own 84.25% of the company’s stock.

Shares of US Ecology stock opened at $67.39 on Friday. US Ecology has a one year low of $44.90 and a one year high of $77.15. The stock has a market cap of $1.49 billion, a PE ratio of 39.18 and a beta of 0.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.23 and a quick ratio of 2.23.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 19th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.07%. The ex-dividend date was Thursday, October 18th. US Ecology’s payout ratio is 41.86%.

About US Ecology

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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