Clean Harbors (CLH) Set to Announce Quarterly Earnings on Wednesday

Clean Harbors (NYSE:CLH) will issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.16 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 earnings per share. On average, analysts expect Clean Harbors to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Clean Harbors Trading Down 0.4 %

CLH opened at $193.27 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.02. Clean Harbors has a 52 week low of $129.70 and a 52 week high of $204.06. The business’s 50 day moving average is $192.49 and its two-hundred day moving average is $176.28. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 27.81 and a beta of 1.24.

Insider Activity

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the sale, the director now owns 4,767 shares of the company’s stock, valued at $897,912.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the transaction, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the transaction, the chief executive officer now owns 67,374 shares in the company, valued at $12,646,773.54. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock worth $4,819,554 over the last 90 days. 5.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CLH has been the topic of several research reports. StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 29th. Robert W. Baird raised their price target on Clean Harbors from $192.00 to $235.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Needham & Company LLC upped their price objective on Clean Harbors from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 target price on shares of Clean Harbors in a research note on Monday, April 22nd. Finally, BMO Capital Markets boosted their target price on Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $207.90.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.