Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) Expected to Announce Quarterly Sales of $133.54 Million

Share on StockTwits

Brokerages predict that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will report $133.54 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Heritage-Crystal Clean’s earnings, with estimates ranging from $131.54 million to $135.20 million. Heritage-Crystal Clean posted sales of $127.06 million in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The business is scheduled to report its next earnings results on Tuesday, March 3rd.

According to Zacks, analysts expect that Heritage-Crystal Clean will report full-year sales of $439.75 million for the current fiscal year, with estimates ranging from $438.22 million to $440.80 million. For the next fiscal year, analysts expect that the business will report sales of $471.92 million, with estimates ranging from $469.66 million to $474.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings data on Wednesday, October 16th. The industrial products company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.04). Heritage-Crystal Clean had a net margin of 3.01% and a return on equity of 6.86%. The business had revenue of $104.84 million during the quarter, compared to the consensus estimate of $104.06 million.

Several equities research analysts have weighed in on HCCI shares. ValuEngine cut Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research cut Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a report on Friday, September 27th. Barrington Research set a $31.00 target price on Heritage-Crystal Clean and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, BidaskClub upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.75.

Hedge funds have recently modified their holdings of the business. Bank of Montreal Can acquired a new stake in Heritage-Crystal Clean during the second quarter worth $33,000. Aperio Group LLC purchased a new stake in shares of Heritage-Crystal Clean in the 2nd quarter valued at about $43,000. JPMorgan Chase & Co. lifted its holdings in shares of Heritage-Crystal Clean by 14.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,126 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 512 shares during the last quarter. Strs Ohio lifted its holdings in shares of Heritage-Crystal Clean by 7.5% in the 2nd quarter. Strs Ohio now owns 7,200 shares of the industrial products company’s stock valued at $189,000 after purchasing an additional 500 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Heritage-Crystal Clean in the 2nd quarter valued at about $232,000. Institutional investors and hedge funds own 63.79% of the company’s stock.

Shares of HCCI stock traded down $0.03 during mid-day trading on Friday, hitting $30.52. The stock had a trading volume of 39,019 shares, compared to its average volume of 59,425. Heritage-Crystal Clean has a 12-month low of $20.47 and a 12-month high of $31.59. The firm has a market capitalization of $717.15 million, a P/E ratio of 44.88, a price-to-earnings-growth ratio of 2.16 and a beta of 1.50. The firm’s 50-day moving average is $28.06 and its two-hundred day moving average is $26.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.98 and a quick ratio of 1.61.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

Featured Story: What are high-yield dividend stocks?

Get a free copy of the Zacks research report on Heritage-Crystal Clean (HCCI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Heritage-Crystal Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage-Crystal Clean and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Abbott Laboratories  Updates Q1 2020
Pre-Market Earnings Guidance
Abbott Laboratories Updates Q1 2020 Pre-Market Earnings Guidance
Express  Issues Q4 2019
Pre-Market Earnings Guidance
Express Issues Q4 2019 Pre-Market Earnings Guidance
Applied Industrial Technologies  Releases FY20 Earnings Guidance
Applied Industrial Technologies Releases FY20 Earnings Guidance
Janney Montgomery Scott LLC Purchases 22,288 Shares of Colgate-Palmolive
Janney Montgomery Scott LLC Purchases 22,288 Shares of Colgate-Palmolive
Janney Montgomery Scott LLC Boosts Stake in Vanguard Large-Cap ETF
Janney Montgomery Scott LLC Boosts Stake in Vanguard Large-Cap ETF
Janney Montgomery Scott LLC Trims Stock Position in Emerson Electric Co.
Janney Montgomery Scott LLC Trims Stock Position in Emerson Electric Co.


© 2006-2020 Ticker Report