Clean Harbors (NYSE:CLH) Posts Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Clean Harbors (NYSE:CLH) issued its quarterly earnings results on Wednesday. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19, Zacks reports. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. During the same quarter last year, the firm earned $1.82 EPS.

Clean Harbors Stock Down 5.4 %

NYSE CLH traded down $12.24 during trading hours on Wednesday, hitting $214.46. 183,978 shares of the company traded hands, compared to its average volume of 337,289. The business’s 50-day moving average is $235.02 and its 200-day moving average is $242.45. Clean Harbors has a twelve month low of $176.02 and a twelve month high of $267.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 27.95 and a beta of 1.24.

Insider Activity at Clean Harbors

In other news, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares of the company’s stock, valued at approximately $2,922,503.04. The trade was a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,477 shares of company stock valued at $374,091. Insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CLH shares. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Truist Financial increased their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price target on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Robert W. Baird lowered their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Needham & Company LLC restated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $269.44.

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.