Clean Harbors (CLH) Scheduled to Post Quarterly Earnings on Tuesday

Clean Harbors (NYSE:CLH) will be announcing its earnings results before the market opens on Tuesday, May 1st. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 28th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.13). The firm had revenue of $747.40 million during the quarter, compared to analyst estimates of $720.50 million. Clean Harbors had a return on equity of 1.36% and a net margin of 3.42%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) earnings per share. On average, analysts expect Clean Harbors to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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Shares of NYSE:CLH opened at $48.58 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 1.94 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $2,723.63, a PE ratio of 178.52 and a beta of 1.01. Clean Harbors has a 1 year low of $46.62 and a 1 year high of $61.62.

A number of analysts have recently issued reports on CLH shares. ValuEngine lowered Clean Harbors from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Zacks Investment Research lowered Clean Harbors from a “hold” rating to a “sell” rating in a research note on Monday, March 5th. UBS lowered Clean Harbors from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $63.00 price target (down from $66.00) on shares of Clean Harbors in a research note on Thursday, March 1st. Finally, Canaccord Genuity lowered their price target on Clean Harbors from $57.00 to $54.00 and set a “hold” rating on the stock in a research note on Thursday, March 1st. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $58.33.

In other Clean Harbors news, EVP Mark G. Bouldin sold 703 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $47.62, for a total transaction of $33,476.86. Following the transaction, the executive vice president now owns 17,744 shares of the company’s stock, valued at $844,969.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alan S. Mckim sold 42,666 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $51.45, for a total value of $2,195,165.70. Following the transaction, the insider now directly owns 4,056,609 shares in the company, valued at approximately $208,712,533.05. The disclosure for this sale can be found here. Insiders have sold 48,369 shares of company stock worth $2,483,293 in the last three months. 8.90% of the stock is currently owned by corporate insiders.

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Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.

Earnings History for Clean Harbors (NYSE:CLH)

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