Brokerages Expect US Ecology Inc (ECOL) Will Announce Quarterly Sales of $143.25 Million
Equities analysts expect that US Ecology Inc (NASDAQ:ECOL) will post $143.25 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for US Ecology’s earnings. The highest sales estimate is $143.50 million and the lowest is $143.00 million. US Ecology reported sales of $134.05 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The firm is expected to issue its next earnings report on Thursday, October 25th.
According to Zacks, analysts expect that US Ecology will report full year sales of $541.10 million for the current year, with estimates ranging from $540.00 million to $542.20 million. For the next fiscal year, analysts expect that the company will post sales of $570.15 million, with estimates ranging from $565.00 million to $575.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for US Ecology.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. US Ecology had a net margin of 11.74% and a return on equity of 14.12%. The firm had revenue of $136.90 million for the quarter, compared to analyst estimates of $136.73 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis.
ECOL traded down $0.21 during trading on Monday, reaching $65.36. The company had a trading volume of 80,064 shares, compared to its average volume of 78,776. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.45 and a current ratio of 2.45. US Ecology has a 12 month low of $44.50 and a 12 month high of $77.15. The firm has a market cap of $1.62 billion, a P/E ratio of 38.00 and a beta of 0.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 26th. Stockholders of record on Friday, October 19th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.10%. US Ecology’s dividend payout ratio (DPR) is presently 41.86%.
In other news, EVP Steven D. Welling sold 9,557 shares of US Ecology stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $72.42, for a total value of $692,117.94. Following the sale, the executive vice president now directly owns 31,928 shares in the company, valued at $2,312,225.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric L. Gerratt sold 27,087 shares of US Ecology stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $70.03, for a total transaction of $1,896,902.61. Following the completion of the sale, the chief financial officer now owns 44,587 shares in the company, valued at $3,122,427.61. The disclosure for this sale can be found here. Insiders sold 57,944 shares of company stock worth $4,128,574 over the last quarter. 1.60% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ECOL. Citigroup Inc. increased its holdings in US Ecology by 77.0% during the first quarter. Citigroup Inc. now owns 3,605 shares of the business services provider’s stock worth $192,000 after buying an additional 1,568 shares during the last quarter. Van Hulzen Asset Management LLC acquired a new position in US Ecology during the second quarter worth $200,000. United Services Automobile Association acquired a new position in US Ecology during the second quarter worth $213,000. Park National Corp OH acquired a new position in US Ecology during the third quarter worth $221,000. Finally, Amalgamated Bank acquired a new position in US Ecology during the second quarter worth $228,000. Institutional investors and hedge funds own 83.50% of the company’s stock.
About US Ecology
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates in two segments, Environmental Services; and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous and non-hazardous waste at its landfill, wastewater, and other treatment facilities.
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