Equities analysts expect that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will report earnings per share (EPS) of $0.09 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Heritage-Crystal Clean’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.13. Heritage-Crystal Clean reported earnings per share of $0.07 during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.6%. The company is scheduled to report its next quarterly earnings report on Monday, May 7th.
According to Zacks, analysts expect that Heritage-Crystal Clean will report full year earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.97. For the next year, analysts expect that the business will post earnings of $1.07 per share, with EPS estimates ranging from $0.95 to $1.16. Zacks Investment Research’s earnings per share calculations 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 issued its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.05. Heritage-Crystal Clean had a net margin of 7.68% and a return on equity of 7.15%. The company had revenue of $115.79 million during the quarter, compared to the consensus estimate of $113.46 million.
A number of brokerages have recently weighed in on HCCI. BidaskClub downgraded shares of Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. Roth Capital reaffirmed a “buy” rating and set a $26.00 price target on shares of Heritage-Crystal Clean in a report on Thursday, March 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $26.00 price target on shares of Heritage-Crystal Clean in a report on Friday, March 2nd. Robert W. Baird upped their price target on shares of Heritage-Crystal Clean from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, March 2nd. Finally, Zacks Investment Research raised shares of Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $23.83.
Shares of Heritage-Crystal Clean stock traded up $0.20 during trading on Friday, hitting $23.35. 28,563 shares of the stock were exchanged, compared to its average volume of 91,845. Heritage-Crystal Clean has a 12 month low of $12.85 and a 12 month high of $25.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.31 and a current ratio of 2.84. The company has a market cap of $536.16, a P/E ratio of 34.85, a PEG ratio of 1.56 and a beta of 1.90.
In related news, Director Robert W. Willmschen, Jr. sold 5,000 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $23.22, for a total value of $116,100.00. Following the completion of the transaction, the director now owns 47,920 shares of the company’s stock, valued at approximately $1,112,702.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 14.80% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of HCCI. Teachers Advisors LLC lifted its stake in Heritage-Crystal Clean by 5.0% in the 2nd quarter. Teachers Advisors LLC now owns 23,336 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 1,106 shares during the last quarter. Nationwide Fund Advisors lifted its stake in 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 purchasing an additional 770 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Heritage-Crystal Clean by 26.1% in the 2nd quarter. New York State Common Retirement Fund now owns 14,500 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 2,999 shares during the last quarter. Northern Trust Corp lifted its stake in Heritage-Crystal Clean by 15.8% in the 2nd quarter. Northern Trust Corp now owns 175,598 shares of the industrial products company’s stock valued at $2,793,000 after purchasing an additional 24,003 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Heritage-Crystal Clean by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 521,931 shares of the industrial products company’s stock valued at $8,298,000 after purchasing an additional 14,011 shares during the last quarter. 61.14% 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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