Equities research analysts expect US Ecology Inc (NASDAQ:ECOL) to post $143.25 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for US Ecology’s earnings. The highest sales estimate is $143.50 million and the lowest is $143.00 million. US Ecology posted sales of $134.05 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The company is expected to report its next quarterly earnings results on Thursday, October 25th.
According to Zacks, analysts expect that US Ecology will report full-year sales of $541.10 million for the current financial year, with estimates ranging from $540.00 million to $542.20 million. For the next financial year, analysts anticipate that the company will post sales of $570.15 million, with estimates ranging from $565.00 million to $575.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover US Ecology.
US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. US Ecology had a net margin of 11.74% and a return on equity of 14.12%. The company had revenue of $136.90 million for the quarter, compared to the consensus estimate of $136.73 million. During the same period last year, the company earned $0.38 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year.
A number of analysts have recently issued reports on ECOL shares. UBS Group lifted their price objective on shares of US Ecology from $56.00 to $61.00 and gave the company a “sell” rating in a report on Wednesday, September 5th. Zacks Investment Research upgraded shares of US Ecology from a “hold” rating to a “strong-buy” rating and set a $76.00 price objective on the stock in a report on Thursday, July 26th. BidaskClub upgraded shares of US Ecology from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 8th. BMO Capital Markets lifted their price objective on shares of US Ecology from $65.00 to $75.00 and gave the company a “market perform” rating in a report on Friday, September 7th. Finally, Stifel Nicolaus boosted their target price on shares of US Ecology from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. US Ecology has a consensus rating of “Hold” and a consensus target price of $70.80.
In related news, EVP Steven D. Welling sold 9,557 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $72.42, for a total transaction of $692,117.94. Following the transaction, the executive vice president now directly owns 31,928 shares in the company, valued at $2,312,225.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Joe F. Colvin sold 9,400 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $70.02, for a total transaction of $658,188.00. Following the transaction, the director now owns 7,000 shares in the company, valued at $490,140. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,944 shares of company stock worth $4,128,574. 1.60% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in US Ecology by 8.3% during the second quarter. BlackRock Inc. now owns 2,997,106 shares of the business services provider’s stock worth $190,914,000 after purchasing an additional 230,864 shares during the period. Silvercrest Asset Management Group LLC boosted its position in US Ecology by 1.0% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,601,570 shares of the business services provider’s stock worth $85,363,000 after purchasing an additional 16,090 shares during the period. Dimensional Fund Advisors LP boosted its position in US Ecology by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 854,305 shares of the business services provider’s stock worth $45,534,000 after purchasing an additional 6,323 shares during the period. FMR LLC boosted its position in US Ecology by 1.1% during the second quarter. FMR LLC now owns 748,392 shares of the business services provider’s stock worth $47,673,000 after purchasing an additional 8,300 shares during the period. Finally, Northern Trust Corp boosted its position in US Ecology by 2.3% during the second quarter. Northern Trust Corp now owns 319,867 shares of the business services provider’s stock worth $20,375,000 after purchasing an additional 7,306 shares during the period. 83.50% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ ECOL traded down $0.21 during midday trading on Monday, reaching $65.36. The company’s stock had a trading volume of 80,064 shares, compared to its average volume of 78,776. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.81. US Ecology has a fifty-two week low of $44.50 and a fifty-two week high of $77.15. The company has a market capitalization of $1.62 billion, a PE ratio of 38.00 and a beta of 0.58.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 19th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $0.72 dividend on an annualized basis and a yield of 1.10%. US Ecology’s payout ratio is 41.86%.
About US Ecology
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates in two segments, Environmental Services; and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous and non-hazardous waste at its landfill, wastewater, and other treatment facilities.
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