Brokerages expect that Clean Harbors Inc (NYSE:CLH) will announce sales of $818.65 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Clean Harbors’ earnings. The lowest sales estimate is $784.30 million and the highest is $846.00 million. Clean Harbors posted sales of $747.40 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The business is scheduled to report its next earnings results on Wednesday, February 27th.

According to Zacks, analysts expect that Clean Harbors will report full-year sales of $3.26 billion for the current financial year, with estimates ranging from $3.23 billion to $3.29 billion. For the next financial year, analysts anticipate that the company will post sales of $3.42 billion, with estimates ranging from $3.34 billion to $3.48 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Clean Harbors.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.16. The business had revenue of $843.18 million during the quarter, compared to analysts’ expectations of $846.07 million. Clean Harbors had a return on equity of 4.93% and a net margin of 4.18%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 earnings per share.

A number of equities analysts have recently weighed in on CLH shares. Needham & Company LLC upped their price objective on Clean Harbors from $74.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, October 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price objective (up previously from $70.00) on shares of Clean Harbors in a research note on Tuesday, September 25th. TheStreet lowered Clean Harbors from a “b-” rating to a “c+” rating in a research note on Thursday, December 27th. Oppenheimer reaffirmed a “hold” rating on shares of Clean Harbors in a research note on Wednesday, October 31st. Finally, Zacks Investment Research lowered Clean Harbors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Clean Harbors currently has a consensus rating of “Buy” and an average target price of $66.75.

In related news, CFO Michael Louis Battles sold 2,000 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $65.20, for a total transaction of $130,400.00. Following the completion of the transaction, the chief financial officer now directly owns 53,113 shares of the company’s stock, valued at $3,462,967.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrea Robertson sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $68.31, for a total value of $102,465.00. Following the transaction, the director now directly owns 14,929 shares of the company’s stock, valued at $1,019,799.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,500 shares of company stock valued at $3,441,365. 8.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CLH. Federated Investors Inc. PA boosted its stake in Clean Harbors by 3,781.4% during the third quarter. Federated Investors Inc. PA now owns 837,302 shares of the business services provider’s stock valued at $59,934,000 after buying an additional 815,730 shares during the last quarter. BlackRock Inc. raised its position in Clean Harbors by 18.2% during the third quarter. BlackRock Inc. now owns 5,071,096 shares of the business services provider’s stock valued at $362,991,000 after purchasing an additional 782,473 shares during the period. Victory Capital Management Inc. purchased a new stake in Clean Harbors during the third quarter valued at approximately $45,622,000. Hennessy Advisors Inc. purchased a new stake in Clean Harbors during the third quarter valued at approximately $28,847,000. Finally, American Century Companies Inc. purchased a new stake in Clean Harbors during the third quarter valued at approximately $14,521,000. 92.23% of the stock is owned by institutional investors.

Shares of NYSE CLH traded up $0.64 during mid-day trading on Friday, reaching $55.63. The company’s stock had a trading volume of 340,066 shares, compared to its average volume of 756,496. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 168.58 and a beta of 1.26. The company has a quick ratio of 1.70, a current ratio of 2.04 and a debt-to-equity ratio of 1.35. Clean Harbors has a 52 week low of $44.74 and a 52 week high of $72.50.

About Clean Harbors

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.

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