Equities analysts expect that Clean Harbors Inc (NYSE:CLH) will announce $724.40 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Clean Harbors’ earnings. The highest sales estimate is $733.00 million and the lowest is $710.90 million. Clean Harbors reported sales of $692.11 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.7%. The company is expected to announce its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that Clean Harbors will report full-year sales of $724.40 million for the current financial year, with estimates ranging from $2.91 billion to $2.93 billion. For the next year, analysts anticipate that the business will post sales of $3.12 billion per share, with estimates ranging from $3.08 billion to $3.22 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Clean Harbors.
A number of brokerages recently commented on CLH. Canaccord Genuity restated a “hold” rating and set a $57.00 price objective on shares of Clean Harbors in a report on Thursday, January 18th. Zacks Investment Research upgraded shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Needham & Company LLC restated a “buy” rating and set a $66.00 price objective on shares of Clean Harbors in a report on Friday, November 3rd. Oppenheimer dropped their price objective on shares of Clean Harbors from $67.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Finally, BMO Capital Markets dropped their price objective on shares of Clean Harbors from $65.00 to $59.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $61.00.
In other Clean Harbors news, EVP Brian P. Weber sold 1,870 shares of Clean Harbors stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $53.00, for a total value of $99,110.00. Following the sale, the executive vice president now directly owns 57,205 shares in the company, valued at approximately $3,031,865. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Eric J. Dugas sold 1,139 shares of Clean Harbors stock in a transaction on Friday, December 1st. The shares were sold at an average price of $53.26, for a total transaction of $60,663.14. Following the completion of the sale, the senior vice president now owns 13,777 shares in the company, valued at $733,763.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,484 shares of company stock worth $554,180. 8.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of CLH. Janus Henderson Group PLC acquired a new stake in Clean Harbors in the 2nd quarter valued at $57,925,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Clean Harbors in the 3rd quarter valued at $23,785,000. Goldman Sachs Group Inc. increased its stake in Clean Harbors by 39.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 478,318 shares of the business services provider’s stock valued at $26,705,000 after buying an additional 134,263 shares during the last quarter. Sei Investments Co. increased its stake in Clean Harbors by 56.6% in the 4th quarter. Sei Investments Co. now owns 312,198 shares of the business services provider’s stock valued at $16,921,000 after buying an additional 112,782 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Clean Harbors in the 3rd quarter valued at $4,177,000. Hedge funds and other institutional investors own 92.81% of the company’s stock.
Shares of Clean Harbors (NYSE:CLH) traded down $0.62 during midday trading on Thursday, hitting $49.00. 696,338 shares of the stock were exchanged, compared to its average volume of 298,743. The company has a market capitalization of $2,789.72, a PE ratio of 245.00 and a beta of 1.03. Clean Harbors has a 52 week low of $47.95 and a 52 week high of $61.62. The company has a current ratio of 2.19, a quick ratio of 1.86 and a debt-to-equity ratio of 1.44.
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Clean Harbors Company Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.
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