Clean Harbors (CLH) to Release Earnings on Wednesday

Clean Harbors (NYSE:CLH) is set to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Clean Harbors to post earnings of $1.16 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the business earned $1.44 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. On average, analysts expect Clean Harbors to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Clean Harbors Stock Up 2.8 %

Shares of NYSE:CLH opened at $200.98 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.02. Clean Harbors has a 52-week low of $129.70 and a 52-week high of $204.06. The stock’s fifty day simple moving average is $191.76 and its 200-day simple moving average is $175.43. The company has a market capitalization of $10.98 billion, a P/E ratio of 28.92 and a beta of 1.24.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $187.71, for a total value of $2,867,457.96. Following the sale, the chief executive officer now owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The disclosure for this sale can be found here. Insiders sold 25,185 shares of company stock worth $4,819,554 over the last three months. 6.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CLH shares. Oppenheimer upped their price objective on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Truist Financial upped their price objective on Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Robert W. Baird increased their target price on Clean Harbors from $192.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 29th. Finally, Needham & Company LLC increased their target price on Clean Harbors from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and an average target price of $207.90.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.