Wall Street brokerages forecast that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will announce sales of $113.46 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Heritage-Crystal Clean’s earnings, with estimates ranging from $112.10 million to $115.05 million. Heritage-Crystal Clean posted sales of $106.75 million in the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The business is expected to report its next earnings results on Wednesday, March 7th.
On average, analysts expect that Heritage-Crystal Clean will report full-year sales of $113.46 million for the current financial year, with estimates ranging from $362.30 million to $365.22 million. For the next financial year, analysts expect that the firm will post 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 sell-side research firms that that provide coverage for Heritage-Crystal Clean.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $83.33 million during the quarter, compared to analysts’ expectations of $85.32 million. Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%.
Several research firms have recently commented on HCCI. Robert W. Baird boosted their price target on shares of Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Roth Capital set a $24.00 price target on shares of Heritage-Crystal Clean and gave the company a “buy” rating in a report on Friday, October 20th. Stifel Nicolaus restated a “buy” rating and issued a $23.00 price target on shares of Heritage-Crystal Clean in a report on Thursday, October 19th. Zacks Investment Research lowered shares of Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Finally, BidaskClub lowered shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $23.17.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. 361 Capital LLC bought a new position in shares of Heritage-Crystal Clean during the 3rd quarter worth approximately $2,321,000. Janus Henderson Group PLC acquired a new position in Heritage-Crystal Clean during the 2nd quarter valued at approximately $1,193,000. Prudential Financial Inc. acquired a new position in Heritage-Crystal Clean during the 3rd quarter valued at approximately $350,000. American Century Companies Inc. acquired a new position in Heritage-Crystal Clean during the 3rd quarter valued at approximately $515,000. Finally, Van ECK Associates Corp acquired a new position in Heritage-Crystal Clean during the 3rd quarter valued at approximately $357,000. Hedge funds and other institutional investors own 58.56% of the company’s stock.
Heritage-Crystal Clean (HCCI) traded up $0.15 during trading on Wednesday, reaching $22.55. 45,167 shares of the company’s stock traded hands, compared to its average volume of 85,729. Heritage-Crystal Clean has a 12 month low of $12.85 and a 12 month high of $22.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.02 and a current ratio of 2.51. The stock has a market cap of $513.08, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.66 and a beta of 1.96.
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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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