US Ecology Inc (ECOL) Expected to Post Earnings of $0.66 Per Share

Equities analysts predict that US Ecology Inc (NASDAQ:ECOL) will report earnings of $0.66 per share for the current quarter, according to Zacks. Two analysts have issued estimates for US Ecology’s earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.60. US Ecology reported earnings per share of $0.73 during the same quarter last year, which would suggest a negative year-over-year growth rate of 9.6%. The company is scheduled to report its next earnings results on Thursday, February 21st.

According to Zacks, analysts expect that US Ecology will report full year earnings of $2.34 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.39. For the next year, analysts expect that the company will post earnings of $2.56 per share, with EPS estimates ranging from $2.42 to $2.69. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for US Ecology.

US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. US Ecology had a net margin of 12.30% and a return on equity of 15.68%. The company had revenue of $151.42 million during the quarter, compared to the consensus estimate of $144.11 million. During the same quarter in the prior year, the company posted $0.37 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year.

ECOL has been the subject of a number of research reports. BMO Capital Markets decreased their target price on US Ecology from $76.00 to $74.00 and set a “market perform” rating for the company in a report on Tuesday, November 6th. BidaskClub cut US Ecology from a “buy” rating to a “hold” rating in a report on Saturday, September 29th. Finally, Zacks Investment Research cut US Ecology from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $70.60.

Shares of NASDAQ ECOL traded down $0.68 on Tuesday, reaching $64.12. 11,883 shares of the company traded hands, compared to its average volume of 98,421. US Ecology has a fifty-two week low of $44.90 and a fifty-two week high of $77.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.23 and a quick ratio of 2.23. The company has a market cap of $1.43 billion, a P/E ratio of 37.28 and a beta of 0.60.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Friday, January 18th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Thursday, January 17th. US Ecology’s dividend payout ratio is presently 41.86%.

In other news, Director Stephen A. Romano sold 12,000 shares of the stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $70.62, for a total transaction of $847,440.00. Following the completion of the transaction, the director now directly owns 12,695 shares in the company, valued at approximately $896,520.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.60% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Man Group plc raised its position in shares of US Ecology by 14.2% during the 3rd quarter. Man Group plc now owns 6,377 shares of the business services provider’s stock valued at $471,000 after acquiring an additional 792 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of US Ecology by 23.7% during the 3rd quarter. Victory Capital Management Inc. now owns 6,697 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 1,285 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of US Ecology by 26.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,220 shares of the business services provider’s stock valued at $458,000 after acquiring an additional 1,320 shares in the last quarter. Teachers Advisors LLC raised its position in shares of US Ecology by 5.2% during the 3rd quarter. Teachers Advisors LLC now owns 42,466 shares of the business services provider’s stock valued at $3,132,000 after acquiring an additional 2,087 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of US Ecology by 5.6% during the 2nd quarter. Legal & General Group Plc now owns 48,578 shares of the business services provider’s stock valued at $3,095,000 after acquiring an additional 2,566 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

US Ecology Company Profile

US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates in two segments, Environmental Services; and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous and non-hazardous waste at its landfill, wastewater, and other treatment facilities.

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