Brokerages forecast that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will announce earnings per share of $0.18 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Heritage-Crystal Clean’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.14. Heritage-Crystal Clean reported earnings per share of $0.22 in the same quarter last year, which would indicate a negative year-over-year growth rate of 18.2%. The company is expected to announce its next quarterly earnings results on Wednesday, October 18th.
On average, analysts expect that Heritage-Crystal Clean will report full year earnings of $0.72 per share for the current financial year, with EPS estimates ranging from $0.69 to $0.75. For the next fiscal year, analysts expect that the firm will post earnings of $0.86 per share, with EPS estimates ranging from $0.83 to $0.90. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Heritage-Crystal Clean.
Heritage-Crystal Clean (NASDAQ:HCCI) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Heritage-Crystal Clean had a return on equity of 7.69% and a net margin of 4.92%. The business had revenue of $86.38 million for the quarter, compared to the consensus estimate of $82.45 million.
HCCI has been the topic of several recent research reports. Zacks Investment Research raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, July 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 target price on shares of Heritage-Crystal Clean in a research report on Wednesday, July 19th. Robert W. Baird cut Heritage-Crystal Clean from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $17.00 to $20.00 in a research report on Thursday, July 27th. Needham & Company LLC raised their price objective on Heritage-Crystal Clean from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Barrington Research raised their price objective on Heritage-Crystal Clean from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.50.
Heritage-Crystal Clean (NASDAQ:HCCI) remained flat at $20.50 during midday trading on Tuesday. The company’s stock had a trading volume of 65,370 shares. The stock has a market cap of $463.61 million, a P/E ratio of 42.71 and a beta of 2.09. Heritage-Crystal Clean has a 1-year low of $11.85 and a 1-year high of $21.05. The company has a 50-day moving average price of $19.28 and a 200 day moving average price of $16.21.
In other news, VP Ellie Bruce sold 2,252 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $17.00, for a total value of $38,284.00. Following the completion of the sale, the vice president now owns 23,281 shares of the company’s stock, valued at approximately $395,777. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gregory Ray sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $16.15, for a total value of $32,300.00. Following the completion of the sale, the chief operating officer now directly owns 168,965 shares of the company’s stock, valued at approximately $2,728,784.75. The disclosure for this sale can be found here. 14.80% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. American International Group Inc. boosted its position in shares of Heritage-Crystal Clean by 7.0% in the 1st quarter. American International Group Inc. now owns 7,852 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 513 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Heritage-Crystal Clean by 10.0% in the 2nd quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock worth $135,000 after purchasing an additional 770 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Heritage-Crystal Clean by 0.8% in the 1st quarter. Wells Fargo & Company MN now owns 10,452 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 85 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Heritage-Crystal Clean in the 1st quarter worth $149,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Heritage-Crystal Clean in the 2nd quarter worth $191,000. 55.07% of the stock is owned by hedge funds and other institutional investors.
About Heritage-Crystal Clean
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
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