Equities research analysts expect Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) to announce sales of $113.46 million for the current quarter, Zacks reports. Five analysts have provided estimates for Heritage-Crystal Clean’s earnings, with the lowest sales estimate coming in at $112.10 million and the highest estimate coming in at $115.05 million. Heritage-Crystal Clean reported sales of $106.75 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The firm is scheduled to announce its next earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Heritage-Crystal Clean will report full year sales of $113.46 million for the current fiscal year, with estimates ranging from $362.30 million to $365.22 million. For the next financial year, analysts anticipate that the business will report sales of $387.69 million per share, with estimates ranging from $383.94 million to $393.30 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Heritage-Crystal Clean.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. The firm had revenue of $83.33 million for the quarter, compared to analyst estimates of $85.32 million.
HCCI has been the topic of a number of research analyst reports. BidaskClub raised shares of Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Robert W. Baird boosted their price objective on shares of Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Zacks Investment Research downgraded shares of Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Stifel Nicolaus reissued a “buy” rating on shares of Heritage-Crystal Clean in a research report on Tuesday, September 5th. Finally, Roth Capital set a $24.00 target price on shares of Heritage-Crystal Clean and gave the stock a “buy” rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Heritage-Crystal Clean presently has an average rating of “Buy” and an average price target of $22.50.
Shares of Heritage-Crystal Clean (NASDAQ:HCCI) remained flat at $$21.70 on Friday. 70,498 shares of the company were exchanged, compared to its average volume of 85,180. Heritage-Crystal Clean has a 52 week low of $12.85 and a 52 week high of $22.21. The stock has a market capitalization of $496.49, a PE ratio of 24.94, a P/E/G ratio of 2.09 and a beta of 1.96. The company has a quick ratio of 2.02, a current ratio of 2.51 and a debt-to-equity ratio of 0.13.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio acquired a new position in Heritage-Crystal Clean during the 3rd quarter valued at $132,000. Nationwide Fund Advisors raised its stake in shares of Heritage-Crystal Clean by 10.0% in 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. First Trust Advisors LP acquired a new position in shares of Heritage-Crystal Clean in the 3rd quarter valued at $225,000. The Manufacturers Life Insurance Company increased its position in shares of Heritage-Crystal Clean by 18.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,315 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 2,214 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Heritage-Crystal Clean by 26.1% during the 2nd quarter. New York State Common Retirement Fund now owns 14,500 shares of the industrial products company’s stock worth $231,000 after purchasing an additional 2,999 shares in the last quarter. 58.56% of the stock is owned by institutional investors and hedge funds.
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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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