Equities research analysts expect US Ecology Inc (NASDAQ:ECOL) to post sales of $114.50 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for US Ecology’s earnings, with the lowest sales estimate coming in at $114.00 million and the highest estimate coming in at $115.00 million. US Ecology posted sales of $110.23 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The business is scheduled to issue its next earnings report on Thursday, April 26th.
According to Zacks, analysts expect that US Ecology will report full-year sales of $114.50 million for the current financial year, with estimates ranging from $537.00 million to $540.40 million. For the next fiscal year, analysts forecast that the business will post sales of $565.25 million per share, with estimates ranging from $554.00 million to $576.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for US Ecology.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.11. The firm had revenue of $133.70 million for the quarter, compared to the consensus estimate of $132.09 million. US Ecology had a net margin of 9.79% and a return on equity of 12.65%. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 EPS.
A number of research analysts have recently issued reports on ECOL shares. Canaccord Genuity restated a “buy” rating and issued a $64.00 price target on shares of US Ecology in a research report on Friday, February 16th. UBS assumed coverage on shares of US Ecology in a research report on Wednesday, March 14th. They issued a “sell” rating and a $55.00 price target on the stock. BidaskClub downgraded shares of US Ecology from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. BMO Capital Markets boosted their target price on shares of US Ecology from $52.00 to $56.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Finally, Zacks Investment Research upgraded shares of US Ecology from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $58.80.
Shares of NASDAQ ECOL traded down $0.40 during midday trading on Monday, reaching $53.65. The stock had a trading volume of 44,522 shares, compared to its average volume of 94,875. The company has a market capitalization of $1,182.37, a P/E ratio of 31.19 and a beta of 0.66. US Ecology has a twelve month low of $44.50 and a twelve month high of $59.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.23 and a current ratio of 2.23.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 20th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.34%. US Ecology’s payout ratio is presently 41.86%.
In related news, EVP Steven D. Welling sold 3,742 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $55.65, for a total transaction of $208,242.30. Following the transaction, the executive vice president now owns 26,732 shares in the company, valued at approximately $1,487,635.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen A. Romano sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $58.95, for a total transaction of $176,850.00. Following the transaction, the director now owns 25,395 shares in the company, valued at approximately $1,497,035.25. The disclosure for this sale can be found here. Insiders have sold a total of 35,742 shares of company stock worth $1,972,642 in the last quarter. 1.50% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Elkfork Partners LLC acquired a new position in shares of US Ecology during the 4th quarter valued at $119,000. Jefferies Group LLC bought a new stake in US Ecology during the 4th quarter valued at $240,000. FDx Advisors Inc. bought a new stake in US Ecology during the 4th quarter valued at $244,000. US Bancorp DE increased its stake in US Ecology by 25.9% during the 4th quarter. US Bancorp DE now owns 5,028 shares of the business services provider’s stock valued at $256,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in US Ecology during the 4th quarter valued at $382,000. Institutional investors own 86.32% of the company’s stock.
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US Ecology Company Profile
US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.
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