Charah Solutions, Inc. (NYSE:CHRA) Expected to Post Quarterly Sales of $79.64 Million

Equities analysts predict that Charah Solutions, Inc. (NYSE:CHRAGet Rating) will report sales of $79.49 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Charah Solutions’ earnings, with the lowest sales estimate coming in at $76.17 million and the highest estimate coming in at $82.80 million. Charah Solutions posted sales of $63.52 million in the same quarter last year, which suggests a positive year over year growth rate of 25.1%. The firm is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Charah Solutions will report full-year sales of $344.81 million for the current fiscal year, with estimates ranging from $344.60 million to $345.01 million. For the next year, analysts forecast that the business will post sales of $389.62 million, with estimates ranging from $389.00 million to $390.23 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Charah Solutions.

Charah Solutions (NYSE:CHRAGet Rating) last announced its earnings results on Thursday, March 31st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The firm had revenue of $93.43 million during the quarter. Charah Solutions had a negative net margin of 5.39% and a negative return on equity of 141.08%.

A number of analysts have weighed in on CHRA shares. B. Riley decreased their price objective on Charah Solutions from $7.00 to $5.00 in a research report on Thursday. Zacks Investment Research raised Charah Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, April 6th.

Hedge funds have recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Charah Solutions by 1.1% during the 3rd quarter. American Century Companies Inc. now owns 2,273,047 shares of the company’s stock worth $10,456,000 after buying an additional 24,910 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Charah Solutions by 22.3% during the 1st quarter. Vanguard Group Inc. now owns 606,052 shares of the company’s stock worth $3,024,000 after buying an additional 110,470 shares in the last quarter. Sei Investments Co. raised its stake in shares of Charah Solutions by 14.5% during the 1st quarter. Sei Investments Co. now owns 228,651 shares of the company’s stock worth $1,141,000 after buying an additional 29,000 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Charah Solutions by 1,157.8% during the 2nd quarter. Bank of America Corp DE now owns 43,582 shares of the company’s stock worth $220,000 after buying an additional 40,117 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of Charah Solutions by 147.4% during the 4th quarter. Susquehanna International Group LLP now owns 31,600 shares of the company’s stock worth $149,000 after buying an additional 18,825 shares in the last quarter.

Charah Solutions stock traded down $0.01 during mid-day trading on Monday, reaching $2.57. 52,445 shares of the company were exchanged, compared to its average volume of 47,366. Charah Solutions has a twelve month low of $2.44 and a twelve month high of $6.63. The firm’s 50-day simple moving average is $4.24 and its two-hundred day simple moving average is $4.63. The company has a debt-to-equity ratio of 21.67, a quick ratio of 1.22 and a current ratio of 1.15. The firm has a market cap of $86.69 million, a PE ratio of -3.29 and a beta of 0.39.

About Charah Solutions (Get Rating)

Charah Solutions, Inc provides environmental services to the power generation industry in the United States. The company offers remediation and compliance services, including environmental management of landfills for coal-fired power generation facilities and new and existing ash ponds; and active pond management services, such as closure by removal, cap-in-place, and design and construction of new ponds.

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