Analysts Expect Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) Will Post Quarterly Sales of $107.75 Million

Analysts predict that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will report sales of $107.75 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Heritage-Crystal Clean’s earnings, with the lowest sales estimate coming in at $102.73 million and the highest estimate coming in at $113.10 million. Heritage-Crystal Clean reported sales of $100.30 million during the same quarter last year, which indicates a positive year over year growth rate of 7.4%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, July 24th.

On average, analysts expect that Heritage-Crystal Clean will report full-year sales of $449.35 million for the current year, with estimates ranging from $438.46 million to $472.10 million. For the next year, analysts forecast that the business will post sales of $479.33 million, with estimates ranging from $467.21 million to $495.90 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Heritage-Crystal Clean had a net margin of 2.92% and a return on equity of 6.17%. The business had revenue of $95.77 million during the quarter, compared to analysts’ expectations of $91.62 million.

A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of Vale from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded shares of Yandex from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 14th. Barrington Research lifted their price objective on shares of Lions Gate Entertainment to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, May 29th. Finally, Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.33.

Large investors have recently made changes to their positions in the business. CIBC World Markets Inc. bought a new position in Heritage-Crystal Clean in the 1st quarter valued at $211,000. Dimensional Fund Advisors LP boosted its holdings in Heritage-Crystal Clean by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 941,255 shares of the industrial products company’s stock valued at $21,658,000 after purchasing an additional 4,634 shares during the period. BlackRock Inc. boosted its holdings in Heritage-Crystal Clean by 4.3% in the 4th quarter. BlackRock Inc. now owns 821,943 shares of the industrial products company’s stock valued at $18,912,000 after purchasing an additional 33,944 shares during the period. TD Asset Management Inc. boosted its holdings in Heritage-Crystal Clean by 1.9% in the 1st quarter. TD Asset Management Inc. now owns 31,727 shares of the industrial products company’s stock valued at $871,000 after purchasing an additional 600 shares during the period. Finally, Martingale Asset Management L P boosted its holdings in Heritage-Crystal Clean by 2.6% in the 1st quarter. Martingale Asset Management L P now owns 27,600 shares of the industrial products company’s stock valued at $758,000 after purchasing an additional 698 shares during the period. 64.45% of the stock is owned by hedge funds and other institutional investors.

Heritage-Crystal Clean stock traded up $0.18 during mid-day trading on Monday, reaching $27.37. The company’s stock had a trading volume of 50,269 shares, compared to its average volume of 63,038. Heritage-Crystal Clean has a 12-month low of $19.01 and a 12-month high of $29.01. The firm has a market cap of $628.78 million, a P/E ratio of 40.25, a P/E/G ratio of 1.70 and a beta of 1.43. The company has a quick ratio of 1.39, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average of $26.11.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

See Also: What is the Dow Jones Industrial Average (DJIA)?

Get a free copy of the Zacks research report on Heritage-Crystal Clean (HCCI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Heritage-Crystal Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean and related companies with MarketBeat.com's FREE daily email newsletter.