Brokerages expect Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) to report earnings per share of $0.09 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Heritage-Crystal Clean’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.13. Heritage-Crystal Clean reported earnings per share of ($0.01) during the same quarter last year, which indicates a positive year-over-year growth rate of 1,000%. The company is expected to issue its next earnings results on Wednesday, May 1st.
According to Zacks, analysts expect that Heritage-Crystal Clean will report full year earnings of $1.14 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.22. For the next financial year, analysts forecast that the business will post earnings of $1.46 per share, with EPS estimates ranging from $1.36 to $1.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Heritage-Crystal Clean.
HCCI has been the subject of a number of recent analyst reports. BidaskClub raised shares of Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research report on Tuesday, January 22nd. Zacks Investment Research raised shares of Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Friday, January 4th. ValuEngine raised shares of Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price target (up previously from $23.00) on shares of Heritage-Crystal Clean in a research note on Thursday, March 7th. Finally, Stifel Nicolaus downgraded shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research note on Thursday, February 28th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Heritage-Crystal Clean currently has an average rating of “Buy” and a consensus target price of $27.67.
HCCI opened at $27.45 on Friday. Heritage-Crystal Clean has a fifty-two week low of $18.00 and a fifty-two week high of $28.70. The company has a current ratio of 2.70, a quick ratio of 2.04 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $651.33 million, a P/E ratio of 40.37, a price-to-earnings-growth ratio of 1.59 and a beta of 1.47.
Several institutional investors and hedge funds have recently made changes to their positions in HCCI. Ramsey Quantitative Systems bought a new stake in shares of Heritage-Crystal Clean in the fourth quarter worth $47,000. Legal & General Group Plc raised its position in Heritage-Crystal Clean by 22.7% during the 4th quarter. Legal & General Group Plc now owns 2,744 shares of the industrial products company’s stock worth $63,000 after buying an additional 507 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in Heritage-Crystal Clean during the 4th quarter worth approximately $73,000. Metropolitan Life Insurance Co. NY raised its position in Heritage-Crystal Clean by 421.8% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,093 shares of the industrial products company’s stock worth $117,000 after buying an additional 4,117 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Heritage-Crystal Clean by 861.5% during the 1st quarter. Meeder Asset Management Inc. now owns 5,125 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 4,592 shares in the last quarter. 60.06% of the stock is currently owned by institutional investors and hedge funds.
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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