Analysts Anticipate Clean Harbors, Inc. (NYSE:CLH) to Post $1.53 Earnings Per Share

Analysts predict that Clean Harbors, Inc. (NYSE:CLHGet Rating) will report earnings per share of $1.53 for the current quarter, Zacks reports. Three analysts have made estimates for Clean Harbors’ earnings. The highest EPS estimate is $1.59 and the lowest is $1.43. Clean Harbors posted earnings of $1.19 per share in the same quarter last year, which would suggest a positive year over year growth rate of 28.6%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Clean Harbors will report full year earnings of $4.59 per share for the current fiscal year, with EPS estimates ranging from $4.45 to $4.95. For the next fiscal year, analysts forecast that the firm will post earnings of $4.86 per share, with EPS estimates ranging from $4.50 to $5.16. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Clean Harbors.

Clean Harbors (NYSE:CLHGet Rating) last released its earnings results on Wednesday, May 4th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 5.44%. Clean Harbors’s revenue was up 44.7% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share.

Several brokerages have commented on CLH. Raymond James increased their price target on shares of Clean Harbors from $125.00 to $130.00 and gave the company a “strong-buy” rating in a research note on Friday, April 22nd. DA Davidson assumed coverage on Clean Harbors in a report on Wednesday, March 30th. They set a “buy” rating and a $130.00 price target for the company. Robert W. Baird increased their price target on Clean Harbors from $128.00 to $131.00 in a report on Thursday, May 5th. Stifel Nicolaus reissued a “buy” rating and issued a $130.00 target price on shares of Clean Harbors in a report on Friday, May 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Clean Harbors in a report on Thursday, February 24th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $127.33.

In related news, CEO Alan S. Mckim sold 30,000 shares of Clean Harbors stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $109.51, for a total transaction of $3,285,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Robertson sold 1,000 shares of Clean Harbors stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $95.30, for a total value of $95,300.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,677 shares of company stock valued at $4,187,167. Company insiders own 6.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Bullseye Asset Management LLC increased its position in Clean Harbors by 27.6% during the 3rd quarter. Bullseye Asset Management LLC now owns 86,521 shares of the business services provider’s stock worth $8,987,000 after purchasing an additional 18,699 shares in the last quarter. BlackRock Inc. boosted its stake in Clean Harbors by 1.0% in the 3rd quarter. BlackRock Inc. now owns 4,243,435 shares of the business services provider’s stock worth $440,767,000 after buying an additional 40,816 shares during the last quarter. ProShare Advisors LLC boosted its stake in Clean Harbors by 29.5% in the 4th quarter. ProShare Advisors LLC now owns 4,772 shares of the business services provider’s stock worth $477,000 after buying an additional 1,088 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Clean Harbors by 10.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 92,255 shares of the business services provider’s stock worth $9,130,000 after buying an additional 8,913 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its stake in Clean Harbors by 10.0% in the 4th quarter. Natixis Advisors L.P. now owns 60,578 shares of the business services provider’s stock worth $6,044,000 after buying an additional 5,490 shares during the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.

Shares of CLH traded up $2.60 during mid-day trading on Monday, reaching $90.85. The company’s stock had a trading volume of 278,052 shares, compared to its average volume of 397,800. The company’s 50 day moving average is $105.08 and its 200 day moving average is $101.48. The stock has a market cap of $4.94 billion, a PE ratio of 21.89 and a beta of 1.58. Clean Harbors has a 12-month low of $85.67 and a 12-month high of $118.89. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.98 and a quick ratio of 1.69.

About Clean Harbors (Get Rating)

Clean Harbors, Inc provides environmental and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

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