Heritage-Crystal Clean, Inc. (HCCI) Scheduled to Post Quarterly Earnings on Tuesday
Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will be announcing its earnings results after the market closes on Tuesday, October 17th. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Heritage-Crystal Clean had a return on equity of 7.69% and a net margin of 4.92%. The business had revenue of $86.38 million during the quarter, compared to analysts’ expectations of $82.45 million. On average, analysts expect Heritage-Crystal Clean to post $0.72 EPS for the current fiscal year and $0.86 EPS for the next fiscal year.
Shares of Heritage-Crystal Clean, Inc. (NASDAQ HCCI) opened at 21.35 on Friday. The company’s 50-day moving average price is $20.74 and its 200-day moving average price is $17.20. Heritage-Crystal Clean, Inc. has a 1-year low of $11.85 and a 1-year high of $22.21. The company has a market capitalization of $482.81 million, a PE ratio of 27.87 and a beta of 2.09.
In other news, VP Ellie Bruce sold 2,252 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $17.00, for a total transaction of $38,284.00. Following the transaction, the vice president now directly owns 23,281 shares of the company’s stock, valued at $395,777. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.80% of the stock is owned by corporate insiders.
Several equities analysts have issued reports on HCCI shares. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 price target on shares of Heritage-Crystal Clean in a research note on Wednesday, July 19th. Zacks Investment Research lowered Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Robert W. Baird lowered Heritage-Crystal Clean from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $17.00 to $20.00 in a research note on Thursday, July 27th. Needham & Company LLC boosted their price target on Heritage-Crystal Clean from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Barrington Research boosted their price target on Heritage-Crystal Clean from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $20.50.
About Heritage-Crystal Clean
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
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