Analysts Expect Clean Harbors, Inc. (CLH) Will Post Quarterly Sales of $734.58 Million

Wall Street analysts forecast that Clean Harbors, Inc. (NYSE:CLH) will report sales of $734.58 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Clean Harbors’ earnings. The lowest sales estimate is $724.00 million and the highest is $744.90 million. Clean Harbors reported sales of $697.51 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.3%. The firm is expected to report its next earnings results on Wednesday, August 2nd.

On average, analysts expect that Clean Harbors will report full-year sales of $734.58 million for the current fiscal year, with estimates ranging from $2.88 billion to $2.96 billion. For the next financial year, analysts forecast that the firm will post sales of $3.05 billion per share, with estimates ranging from $3.00 billion to $3.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Clean Harbors.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, May 3rd. The business services provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by $0.01. Clean Harbors had a positive return on equity of 0.31% and a negative net margin of 1.44%. The company had revenue of $688.90 million during the quarter, compared to analyst estimates of $662.27 million. During the same period last year, the business earned ($0.22) earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year.

A number of equities research analysts have issued reports on the company. ValuEngine raised Clean Harbors from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Barclays PLC reissued a “sell” rating and set a $50.00 price target on shares of Clean Harbors in a research report on Friday, March 3rd. BidaskClub downgraded Clean Harbors from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. KeyCorp boosted their price target on Clean Harbors from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, May 23rd. Finally, Wedbush boosted their price target on Clean Harbors from $57.00 to $63.00 and gave the company an “outperform” rating in a research report on Tuesday, February 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $59.91.

Shares of Clean Harbors (NYSE CLH) traded up 0.84% during mid-day trading on Wednesday, hitting $55.18. The company’s stock had a trading volume of 50,172 shares. The company’s market cap is $3.16 billion. The stock has a 50-day moving average of $58.40 and a 200-day moving average of $56.50. Clean Harbors has a 12-month low of $43.03 and a 12-month high of $61.62.

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In other Clean Harbors news, Director Andrea Robertson sold 1,034 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $60.62, for a total transaction of $62,681.08. Following the sale, the director now owns 14,136 shares in the company, valued at $856,924.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian P. Weber sold 1,021 shares of the company’s stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $50.03, for a total value of $51,080.63. Following the sale, the executive vice president now owns 42,114 shares in the company, valued at approximately $2,106,963.42. The disclosure for this sale can be found here. Insiders have sold 10,528 shares of company stock worth $614,510 in the last 90 days. 9.50% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Neuburgh Advisers LLC boosted its stake in shares of Clean Harbors by 7.1% in the first quarter. Neuburgh Advisers LLC now owns 1,980 shares of the business services provider’s stock valued at $110,000 after buying an additional 132 shares during the last quarter. Tyers Asset Management LLC purchased a new stake in shares of Clean Harbors during the fourth quarter valued at about $131,000. Flinton Capital Management LLC purchased a new stake in shares of Clean Harbors during the fourth quarter valued at about $159,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Clean Harbors by 11.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,177 shares of the business services provider’s stock valued at $167,000 after buying an additional 320 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Clean Harbors by 15.7% in the first quarter. Asset Management One Co. Ltd. now owns 3,530 shares of the business services provider’s stock valued at $196,000 after buying an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 95.84% of the company’s stock.

Clean Harbors Company Profile

Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.

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Earnings History and Estimates for Clean Harbors (NYSE:CLH)

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