Analysts expect that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will post $134.77 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Heritage-Crystal Clean’s earnings. The lowest sales estimate is $134.40 million and the highest is $135.20 million. Heritage-Crystal Clean reported sales of $127.06 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.1%. The business is expected to announce its next earnings report on Tuesday, March 3rd.
According to Zacks, analysts expect that Heritage-Crystal Clean will report full-year sales of $440.16 million for the current financial year, with estimates ranging from $439.01 million to $441.90 million. For the next financial year, analysts expect that the company will post sales of $469.52 million, with estimates ranging from $468.11 million to $471.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Heritage-Crystal Clean.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings data on Wednesday, October 16th. The industrial products company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). The business had revenue of $104.84 million during the quarter, compared to analyst estimates of $104.06 million. Heritage-Crystal Clean had a net margin of 3.01% and a return on equity of 6.86%.
HCCI has been the topic of a number of research reports. Barrington Research set a $31.00 price objective on shares of Heritage-Crystal Clean and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research cut shares of Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a research note on Friday, September 27th. BidaskClub raised shares of Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, ValuEngine cut shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $29.80.
In other news, Director Carmine Falcone sold 2,500 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $26.22, for a total transaction of $65,550.00. Following the transaction, the director now directly owns 1,985 shares in the company, valued at approximately $52,046.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Ellie Bruce sold 2,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $25.05, for a total transaction of $50,100.00. Following the transaction, the vice president now owns 78,478 shares in the company, valued at $1,965,873.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,796 shares of company stock worth $232,716. Insiders own 8.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Heritage-Crystal Clean by 29.5% in the second quarter. BlackRock Inc. now owns 1,055,514 shares of the industrial products company’s stock valued at $27,771,000 after buying an additional 240,192 shares during the period. FMR LLC raised its holdings in Heritage-Crystal Clean by 131.6% in the first quarter. FMR LLC now owns 785,000 shares of the industrial products company’s stock valued at $21,548,000 after buying an additional 446,000 shares during the period. Vanguard Group Inc. raised its holdings in Heritage-Crystal Clean by 5.7% in the second quarter. Vanguard Group Inc. now owns 776,224 shares of the industrial products company’s stock valued at $20,423,000 after buying an additional 42,152 shares during the period. Renaissance Technologies LLC raised its holdings in Heritage-Crystal Clean by 4.5% in the second quarter. Renaissance Technologies LLC now owns 526,708 shares of the industrial products company’s stock valued at $13,858,000 after buying an additional 22,508 shares during the period. Finally, Northern Trust Corp raised its holdings in Heritage-Crystal Clean by 5.4% in the second quarter. Northern Trust Corp now owns 181,704 shares of the industrial products company’s stock valued at $4,781,000 after buying an additional 9,362 shares during the period. Hedge funds and other institutional investors own 64.05% of the company’s stock.
NASDAQ HCCI traded down $0.05 during trading hours on Monday, reaching $26.95. The company’s stock had a trading volume of 39,929 shares, compared to its average volume of 52,418. The stock has a market cap of $624.39 million, a PE ratio of 39.63, a PEG ratio of 1.65 and a beta of 1.47. Heritage-Crystal Clean has a fifty-two week low of $20.47 and a fifty-two week high of $29.01. The company’s 50-day moving average is $25.38 and its two-hundred day moving average is $26.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 1.98.
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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