Brokerages Expect Heritage-Crystal Clean, Inc. (HCCI) Will Announce Quarterly Sales of $85.38 Million

Analysts expect Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) to post sales of $85.38 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Heritage-Crystal Clean’s earnings, with estimates ranging from $82.90 million to $88.04 million. Heritage-Crystal Clean posted sales of $80.45 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.1%. The firm is expected to announce its next quarterly earnings report on Monday, May 7th.

On average, analysts expect that Heritage-Crystal Clean will report full year sales of $85.38 million for the current financial year, with estimates ranging from $387.60 million to $393.14 million. For the next year, analysts anticipate that the company will post sales of $415.22 million per share, with estimates ranging from $414.20 million to $416.93 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Heritage-Crystal Clean.

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Heritage-Crystal Clean (NASDAQ:HCCI) last issued its earnings results on Wednesday, February 28th. The industrial products company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. The business had revenue of $115.79 million during the quarter, compared to analyst estimates of $113.46 million. Heritage-Crystal Clean had a return on equity of 7.15% and a net margin of 7.68%.

Several research firms have recently commented on HCCI. BidaskClub lowered Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Roth Capital reissued a “buy” rating and issued a $26.00 price target on shares of Heritage-Crystal Clean in a research report on Thursday, March 8th. Needham & Company LLC reissued a “buy” rating and issued a $26.00 price target on shares of Heritage-Crystal Clean in a research report on Friday, March 2nd. Robert W. Baird boosted their price target on Heritage-Crystal Clean from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, March 2nd. Finally, Zacks Investment Research raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $23.83.

In other news, Director Robert W. Willmschen, Jr. sold 5,000 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $23.22, for a total value of $116,100.00. Following the completion of the transaction, the director now directly owns 47,920 shares of the company’s stock, valued at approximately $1,112,702.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 14.80% of the company’s stock.

A number of large investors have recently made changes to their positions in HCCI. Tower Research Capital LLC TRC increased its position in Heritage-Crystal Clean by 281.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,972 shares of the industrial products company’s stock valued at $108,000 after buying an additional 3,668 shares in the last quarter. Nationwide Fund Advisors increased its position in Heritage-Crystal Clean by 10.0% during the 2nd quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock valued at $135,000 after buying an additional 770 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in Heritage-Crystal Clean during the 4th quarter valued at about $142,000. MetLife Investment Advisors LLC acquired a new position in Heritage-Crystal Clean during the 4th quarter valued at about $163,000. Finally, First Quadrant L P CA increased its position in Heritage-Crystal Clean by 436.5% during the 4th quarter. First Quadrant L P CA now owns 7,940 shares of the industrial products company’s stock valued at $173,000 after buying an additional 6,460 shares in the last quarter. 61.14% of the stock is currently owned by institutional investors.

HCCI stock traded up $0.25 on Friday, hitting $22.85. The stock had a trading volume of 40,560 shares, compared to its average volume of 89,834. The company has a market cap of $536.16, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.90. The company has a current ratio of 2.84, a quick ratio of 2.31 and a debt-to-equity ratio of 0.12. Heritage-Crystal Clean has a 52-week low of $12.85 and a 52-week high of $25.20.

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Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.

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