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.
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.
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.