Wall Street brokerages forecast that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will report earnings of $0.25 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Heritage-Crystal Clean’s earnings, with estimates ranging from $0.23 to $0.29. Heritage-Crystal Clean reported earnings of $0.15 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 66.7%. The firm is scheduled to issue its next earnings report on Wednesday, October 17th.
On average, analysts expect that Heritage-Crystal Clean will report full year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.79 to $0.86. For the next year, analysts forecast that the business will report earnings of $1.15 per share, with EPS estimates ranging from $1.05 to $1.23. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Heritage-Crystal Clean.
Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The business had revenue of $100.30 million for the quarter, compared to analyst estimates of $92.52 million. Heritage-Crystal Clean had a net margin of 5.83% and a return on equity of 6.79%.
Several research firms recently issued reports on HCCI. Barrington Research set a $24.00 price target on shares of Heritage-Crystal Clean and gave the stock a “buy” rating in a research report on Thursday, July 19th. BidaskClub upgraded shares of Heritage-Crystal Clean from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 21st. Robert W. Baird upgraded shares of Heritage-Crystal Clean from a “neutral” rating to an “outperform” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Finally, ValuEngine lowered shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Monday, September 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $25.17.
Institutional investors have recently modified their holdings of the business. Stratos Wealth Partners LTD. acquired a new stake in Heritage-Crystal Clean in the first quarter valued at approximately $117,000. US Bancorp DE acquired a new stake in Heritage-Crystal Clean in the first quarter valued at approximately $125,000. Citigroup Inc. boosted its position in Heritage-Crystal Clean by 88.1% in the first quarter. Citigroup Inc. now owns 6,797 shares of the industrial products company’s stock valued at $160,000 after buying an additional 3,184 shares in the last quarter. Element Capital Management LLC acquired a new stake in Heritage-Crystal Clean in the first quarter valued at approximately $216,000. Finally, Victory Capital Management Inc. acquired a new stake in Heritage-Crystal Clean in the first quarter valued at approximately $255,000. Hedge funds and other institutional investors own 59.04% of the company’s stock.
Shares of NASDAQ HCCI traded down $0.05 during trading hours on Friday, hitting $21.00. 460 shares of the stock were exchanged, compared to its average volume of 61,731. The company has a current ratio of 2.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $507.07 million, a price-to-earnings ratio of 30.96, a P/E/G ratio of 1.78 and a beta of 1.84. Heritage-Crystal Clean has a 1-year low of $17.10 and a 1-year high of $25.20.
About Heritage-Crystal Clean
Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.
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