$0.18 Earnings Per Share Expected for Heritage-Crystal Clean, Inc. (HCCI) This Quarter

Equities analysts expect that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will announce earnings per share of $0.18 for the current quarter, Zacks reports. Five analysts have issued estimates for Heritage-Crystal Clean’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.17. Heritage-Crystal Clean reported earnings of $0.26 per share in the same quarter last year, which would indicate a negative year over year growth rate of 30.8%. The firm is expected to announce its next earnings report on Wednesday, February 27th.

On average, analysts expect that Heritage-Crystal Clean will report full year earnings of $0.72 per share for the current year, with EPS estimates ranging from $0.70 to $0.75. For the next year, analysts forecast that the business will report earnings of $1.20 per share, with EPS estimates ranging from $1.15 to $1.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last announced its earnings results on Wednesday, October 17th. The industrial products company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $99.67 million for the quarter, compared to the consensus estimate of $96.20 million. Heritage-Crystal Clean had a net margin of 6.00% and a return on equity of 7.76%.

Several brokerages recently commented on HCCI. Zacks Investment Research downgraded shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. BidaskClub upgraded shares of Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Barrington Research reiterated a “buy” rating and issued a $26.00 target price on shares of Heritage-Crystal Clean in a report on Monday, October 22nd. Robert W. Baird lifted their target price on shares of Heritage-Crystal Clean from $27.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, October 19th. Finally, ValuEngine upgraded shares of Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $27.80.

HCCI traded up $0.12 during trading on Friday, hitting $23.34. The stock had a trading volume of 35,110 shares, compared to its average volume of 74,974. The company has a market capitalization of $520.47 million, a PE ratio of 34.32, a price-to-earnings-growth ratio of 2.08 and a beta of 1.79. Heritage-Crystal Clean has a 12 month low of $18.00 and a 12 month high of $25.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.79 and a quick ratio of 2.17.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Heritage-Crystal Clean by 13.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 855,149 shares of the industrial products company’s stock worth $17,189,000 after purchasing an additional 98,389 shares during the last quarter. BlackRock Inc. grew its position in Heritage-Crystal Clean by 11.2% in the 2nd quarter. BlackRock Inc. now owns 768,233 shares of the industrial products company’s stock worth $15,443,000 after purchasing an additional 77,173 shares during the last quarter. Royce & Associates LP grew its position in Heritage-Crystal Clean by 1.1% in the 2nd quarter. Royce & Associates LP now owns 766,028 shares of the industrial products company’s stock worth $15,397,000 after purchasing an additional 8,525 shares during the last quarter. Cannell Capital LLC grew its position in Heritage-Crystal Clean by 13.1% in the 2nd quarter. Cannell Capital LLC now owns 690,199 shares of the industrial products company’s stock worth $13,873,000 after purchasing an additional 80,135 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its position in Heritage-Crystal Clean by 10.1% in the 2nd quarter. Wasatch Advisors Inc. now owns 207,063 shares of the industrial products company’s stock worth $4,162,000 after purchasing an additional 19,060 shares during the last quarter. Institutional investors own 58.91% of the company’s stock.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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Earnings History and Estimates for Heritage-Crystal Clean (NASDAQ:HCCI)

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