Zacks: Brokerages Anticipate US Ecology Inc (ECOL) Will Announce Quarterly Sales of $114.50 Million

Brokerages expect US Ecology Inc (NASDAQ:ECOL) to announce sales of $114.50 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for US Ecology’s earnings, with the lowest sales estimate coming in at $114.00 million and the highest estimate coming in at $115.00 million. US Ecology posted sales of $110.23 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.9%. The company is expected to issue its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that US Ecology will report full-year sales of $114.50 million for the current fiscal year, with estimates ranging from $537.00 million to $540.40 million. For the next fiscal year, analysts forecast that the firm will report sales of $565.25 million per share, with estimates ranging from $554.00 million to $576.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover US Ecology.

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US Ecology (NASDAQ:ECOL) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.11. US Ecology had a return on equity of 12.65% and a net margin of 9.79%. The business had revenue of $133.70 million for the quarter, compared to analyst estimates of $132.09 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The business’s quarterly revenue was up 14.1% compared to the same quarter last year.

Several equities research analysts have commented on ECOL shares. Zacks Investment Research upgraded US Ecology from a “sell” rating to a “hold” rating in a research report on Monday, January 1st. BidaskClub lowered US Ecology from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. BMO Capital Markets restated a “hold” rating and issued a $52.00 price objective on shares of US Ecology in a research report on Wednesday, January 24th. Canaccord Genuity restated a “buy” rating and issued a $64.00 price objective on shares of US Ecology in a research report on Friday, February 16th. Finally, UBS started coverage on US Ecology in a research report on Wednesday, March 14th. They issued a “sell” rating and a $55.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. US Ecology has an average rating of “Hold” and an average target price of $58.80.

In other news, EVP Steven D. Welling sold 3,742 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $55.65, for a total transaction of $208,242.30. Following the transaction, the executive vice president now owns 26,732 shares in the company, valued at approximately $1,487,635.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey R. Feeler sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $54.59, for a total value of $1,364,750.00. Following the transaction, the chief executive officer now owns 79,127 shares in the company, valued at approximately $4,319,542.93. The disclosure for this sale can be found here. Insiders have sold a total of 35,742 shares of company stock worth $1,972,642 in the last quarter. Insiders own 1.30% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Elkfork Partners LLC purchased a new position in shares of US Ecology during the 4th quarter valued at approximately $119,000. MetLife Investment Advisors LLC purchased a new position in shares of US Ecology during the 4th quarter valued at approximately $513,000. Macquarie Group Ltd. lifted its position in shares of US Ecology by 10.3% during the 4th quarter. Macquarie Group Ltd. now owns 805,549 shares of the business services provider’s stock valued at $41,083,000 after buying an additional 75,101 shares in the last quarter. Millennium Management LLC lifted its position in shares of US Ecology by 184.9% during the 4th quarter. Millennium Management LLC now owns 11,495 shares of the business services provider’s stock valued at $586,000 after buying an additional 7,460 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of US Ecology by 5.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 591,521 shares of the business services provider’s stock valued at $30,168,000 after buying an additional 29,729 shares in the last quarter. Hedge funds and other institutional investors own 86.32% of the company’s stock.

US Ecology stock traded down $0.35 during mid-day trading on Monday, hitting $54.05. The company had a trading volume of 71,444 shares, compared to its average volume of 95,639. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.85. US Ecology has a 12-month low of $44.50 and a 12-month high of $59.70. The firm has a market cap of $1,180.18, a PE ratio of 31.42 and a beta of 0.66.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 20th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.33%. US Ecology’s dividend payout ratio (DPR) is 41.86%.

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About US Ecology

US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.

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