Zacks: Analysts Expect US Ecology Inc (ECOL) to Post $0.64 Earnings Per Share

Wall Street analysts forecast that US Ecology Inc (NASDAQ:ECOL) will report earnings per share (EPS) of $0.64 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for US Ecology’s earnings, with estimates ranging from $0.63 to $0.64. US Ecology posted earnings per share of $0.37 in the same quarter last year, which indicates a positive year-over-year growth rate of 73%. The business is expected to report its next earnings results on Thursday, October 25th.

On average, analysts expect that US Ecology will report full year earnings of $2.24 per share for the current fiscal year, with EPS estimates ranging from $2.23 to $2.25. For the next financial year, analysts expect that the company will report earnings of $2.40 per share, with EPS estimates ranging from $2.37 to $2.42. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for US Ecology.

US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.07. The company had revenue of $136.90 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS.

Several equities analysts have recently issued reports on the company. BidaskClub cut US Ecology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 11th. Zacks Investment Research cut US Ecology from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Canaccord Genuity reissued a “buy” rating and issued a $72.00 price objective (up previously from $64.00) on shares of US Ecology in a report on Friday, August 3rd. Finally, BMO Capital Markets boosted their price objective on US Ecology from $65.00 to $75.00 and gave the company a “market perform” rating in a report on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. US Ecology has an average rating of “Hold” and an average target price of $70.80.

Shares of ECOL stock traded down $0.21 on Friday, hitting $65.36. The company had a trading volume of 80,064 shares, compared to its average volume of 78,776. The stock has a market cap of $1.62 billion, a PE ratio of 38.00 and a beta of 0.58. 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 has a twelve month low of $44.50 and a twelve month high of $77.15.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 26th. Stockholders of record on Friday, October 19th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.10%. US Ecology’s dividend payout ratio (DPR) is presently 41.86%.

In related news, Director Daniel Fox sold 900 shares of the company’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 completion of the transaction, the director now owns 5,140 shares of the company’s stock, valued at approximately $370,851. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey R. Feeler sold 6,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $73.08, for a total value of $438,480.00. Following the completion of the transaction, the chief executive officer now directly 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 three months, insiders sold 57,944 shares of company stock valued at $4,128,574. Insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Park National Corp OH acquired a new position in US Ecology in the 3rd quarter worth about $221,000. Van Hulzen Asset Management LLC acquired a new position in US Ecology in the 2nd quarter worth about $200,000. United Services Automobile Association acquired a new position in US Ecology in the 2nd quarter worth about $213,000. Amalgamated Bank acquired a new position in US Ecology in the 2nd quarter worth about $228,000. Finally, Citigroup Inc. raised its holdings in US Ecology by 77.0% in the 1st quarter. Citigroup Inc. now owns 3,605 shares of the business services provider’s stock worth $192,000 after purchasing an additional 1,568 shares during the period. 83.50% of the stock is owned by institutional investors.

US Ecology Company Profile

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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