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

Clean Harbors (NYSE:CLH) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $2.15 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts expect Clean Harbors to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Clean Harbors Stock Performance

NYSE CLH opened at $258.02 on Wednesday. Clean Harbors has a 52-week low of $132.92 and a 52-week high of $261.81. The company has a fifty day moving average of $244.63 and a 200-day moving average of $226.53. The company has a market capitalization of $13.92 billion, a P/E ratio of 37.34 and a beta of 1.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10.

Insiders Place Their Bets

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,617 shares of company stock worth $2,613,132. 5.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CLH has been the subject of a number of research reports. Robert W. Baird upped their price objective on Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Truist Financial increased their price target on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Stifel Nicolaus restated a “buy” rating and issued a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. The Goldman Sachs Group increased their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Oppenheimer boosted their target price on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $250.89.

Clean Harbors Company Profile

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.