Clean Harbors (NYSE:CLH) Issues Earnings Results, Misses Expectations By $0.03 EPS

Clean Harbors (NYSE:CLH) issued its earnings results 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. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business earned $1.68 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year.

Clean Harbors Trading Down 0.2 %

Shares of NYSE:CLH traded down $0.58 during trading on Thursday, reaching $234.57. 315,122 shares of the company traded hands, compared to its average volume of 291,945. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. Clean Harbors has a 52-week low of $132.92 and a 52-week high of $267.11. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 34.04 and a beta of 1.20. The business’s fifty day moving average is $246.84 and its 200-day moving average is $228.98.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CLH shares. Stifel Nicolaus restated a “buy” rating and issued a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Oppenheimer raised their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Robert W. Baird decreased their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday. The Goldman Sachs Group raised their price target on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Buy” and an average target price of $252.11.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 309 shares of the stock in a transaction 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 sale, the director now owns 13,458 shares of the company’s stock, valued at $3,284,963.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Clean Harbors news, Director Lauren States sold 309 shares of the stock in a transaction that occurred 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 completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 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 approximately $18,955,400.64. This 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 three months. 5.90% of the stock is owned by company insiders.

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.