Clean Harbors (NYSE:CLH) Issues Earnings Results

Clean Harbors (NYSE:CLH) released its earnings results on Wednesday. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03), Briefing.com reports. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business earned $1.68 EPS.

Clean Harbors Price Performance

Shares of Clean Harbors stock traded up $1.74 during midday trading on Friday, hitting $233.00. 574,539 shares of the company were exchanged, compared to its average volume of 295,094. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The firm has a market cap of $12.58 billion, a P/E ratio of 30.34 and a beta of 1.20. Clean Harbors has a 52 week low of $146.66 and a 52 week high of $267.11. The firm has a 50 day simple moving average of $246.34 and a 200-day simple moving average of $229.26.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CLH shares. Needham & Company LLC lowered their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Robert W. Baird reduced their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Oppenheimer raised their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and an average target price of $254.33.

Insider Buying and Selling

In related news, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the transaction, the director now owns 13,150 shares in the company, valued at $3,428,731. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction 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 transaction, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the transaction, the director now owns 13,150 shares of the company’s stock, valued at approximately $3,428,731. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,617 shares of company stock worth $2,613,132 in the last 90 days. 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.