Analysts forecast that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will announce $104.64 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for Heritage-Crystal Clean’s earnings, with estimates ranging from $101.49 million to $107.00 million. Heritage-Crystal Clean posted sales of $99.67 million in the same quarter last year, which suggests a positive year over year growth rate of 5%. The business is expected to announce its next earnings report on Wednesday, October 16th.
On average, analysts expect that Heritage-Crystal Clean will report full year sales of $440.92 million for the current financial year, with estimates ranging from $439.01 million to $444.00 million. For the next year, analysts forecast that the firm will report sales of $471.62 million, with estimates ranging from $468.11 million to $480.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that cover Heritage-Crystal Clean.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.04. Heritage-Crystal Clean had a return on equity of 6.78% and a net margin of 3.13%. The firm had revenue of $105.00 million during the quarter, compared to analysts’ expectations of $107.75 million.
HCCI has been the subject of a number of research analyst reports. Zacks Investment Research raised Heritage-Crystal Clean from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a report on Wednesday, July 31st. BidaskClub upgraded Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. ValuEngine upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research note on Tuesday, July 16th. Finally, Barrington Research lifted their target price on Heritage-Crystal Clean from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $29.80.
In other Heritage-Crystal Clean news, Director Robert W. Willmschen, Jr. sold 4,296 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $27.25, for a total value of $117,066.00. Following the completion of the transaction, the director now directly owns 47,689 shares of the company’s stock, valued at approximately $1,299,525.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 8.40% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Heritage-Crystal Clean by 4.3% in the fourth quarter. BlackRock Inc. now owns 821,943 shares of the industrial products company’s stock worth $18,912,000 after purchasing an additional 33,944 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of Heritage-Crystal Clean during the fourth quarter valued at $73,000. Dimensional Fund Advisors LP boosted its position in shares of Heritage-Crystal Clean by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 941,255 shares of the industrial products company’s stock valued at $21,658,000 after buying an additional 4,634 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Heritage-Crystal Clean by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 170,588 shares of the industrial products company’s stock valued at $3,924,000 after buying an additional 13,992 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Heritage-Crystal Clean by 100.5% during the fourth quarter. Bank of America Corp DE now owns 11,910 shares of the industrial products company’s stock valued at $274,000 after buying an additional 5,971 shares during the last quarter. 64.42% of the stock is owned by institutional investors.
Shares of HCCI traded down $0.64 during mid-day trading on Tuesday, reaching $26.27. The company had a trading volume of 3,245 shares, compared to its average volume of 46,356. Heritage-Crystal Clean has a 52-week low of $19.01 and a 52-week high of $29.01. The company has a quick ratio of 1.45, a current ratio of 1.82 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $630.63 million, a PE ratio of 38.63, a P/E/G ratio of 1.67 and a beta of 1.39. The company has a 50 day moving average price of $26.89.
Heritage-Crystal Clean Company Profile
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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