US Ecology Inc (NASDAQ:ECOL) announced a quarterly dividend on Tuesday, October 2nd, Wall Street Journal reports. Stockholders of record on Friday, October 19th will be given a dividend of 0.18 per share by the business services provider on Friday, October 26th. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, October 18th.
US Ecology has a payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect US Ecology to earn $2.39 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 30.1%.
ECOL opened at $65.36 on Friday. The stock has a market cap of $1.62 billion, a PE ratio of 38.83 and a beta of 0.58. US Ecology has a 52-week low of $44.50 and a 52-week high of $77.15. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.81.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.07. The company had revenue of $136.90 million during the quarter, compared to the consensus estimate of $136.73 million. US Ecology had a return on equity of 14.12% and a net margin of 11.74%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS. On average, equities research analysts forecast that US Ecology will post 2.24 earnings per share for the current year.
Several analysts have recently issued reports on the company. BidaskClub downgraded US Ecology from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 11th. Zacks Investment Research downgraded US Ecology from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Canaccord Genuity reiterated a “buy” rating and set a $72.00 price target (up previously from $64.00) on shares of US Ecology in a research note on Friday, August 3rd. Finally, BMO Capital Markets upped their price target on US Ecology from $65.00 to $75.00 and gave the stock a “market perform” rating in a research note on Friday, September 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. US Ecology presently has a consensus rating of “Hold” and an average price target of $70.80.
In related news, EVP Steven D. Welling sold 9,557 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $72.42, for a total transaction of $692,117.94. Following the completion of the transaction, the executive vice president now owns 31,928 shares of the company’s stock, valued at approximately $2,312,225.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel Fox sold 900 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $72.15, for a total value of $64,935.00. Following the transaction, the director now directly owns 5,140 shares of the company’s stock, valued at approximately $370,851. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,944 shares of company stock valued at $4,128,574. 1.60% of the stock is currently owned by corporate insiders.
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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