Clean Harbors (NYSE:CLH) Issues Earnings Results

Clean Harbors (NYSE:CLH) announced its quarterly earnings data on Wednesday. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03), Briefing.com reports. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 EPS.

Clean Harbors Stock Up 0.0 %

Clean Harbors stock traded up $0.09 during midday trading on Thursday, hitting $235.24. 290,040 shares of the company’s stock were exchanged, compared to its average volume of 291,826. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10. The firm has a 50-day moving average of $246.84 and a two-hundred day moving average of $228.98. Clean Harbors has a 12 month low of $132.92 and a 12 month high of $267.11. The company has a market cap of $12.69 billion, a PE ratio of 34.04 and a beta of 1.20.

Insider Activity at Clean Harbors

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

Analyst Ratings Changes

Several research firms recently weighed in on CLH. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Oppenheimer boosted their target price on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Robert W. Baird decreased their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Truist Financial lifted their price objective on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and an average price target of $252.11.

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.