Analysts Anticipate US Ecology Inc (ECOL) to Post $0.66 EPS

Wall Street brokerages predict that US Ecology Inc (NASDAQ:ECOL) will post earnings of $0.66 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for US Ecology’s earnings, with estimates ranging from $0.60 to $0.71. US Ecology reported earnings of $0.73 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 9.6%. The business 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 financial year, analysts anticipate that the company will post earnings of $2.63 per share, with EPS estimates ranging from $2.56 to $2.69. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for US Ecology.

US Ecology (NASDAQ:ECOL) last announced its earnings results on Thursday, November 1st. The business services provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.08. The firm had revenue of $151.42 million for the quarter, compared to the consensus estimate of $144.11 million. US Ecology had a return on equity of 15.68% and a net margin of 12.30%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS.

ECOL has been the topic of several recent research reports. BidaskClub raised US Ecology from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. Zacks Investment Research downgraded US Ecology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 31st. BMO Capital Markets dropped their price target on US Ecology from $76.00 to $74.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 6th. Finally, UBS Group upped their price target on US Ecology from $56.00 to $61.00 and gave the stock a “sell” rating in a research note on Wednesday, September 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $70.60.

Shares of ECOL opened at $65.35 on Friday. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 37.99 and a beta of 0.48. US Ecology has a 12 month low of $44.90 and a 12 month high of $77.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.23 and a current ratio of 2.23.

In other US Ecology news, Director Stephen A. Romano sold 12,000 shares of the business’s 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 sale, the director now directly owns 12,695 shares of the company’s stock, valued at approximately $896,520.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc increased its holdings in US Ecology by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 1,312,412 shares of the business services provider’s stock worth $96,791,000 after purchasing an additional 18,070 shares in the last quarter. Clearbridge Investments LLC increased its holdings in US Ecology by 1.4% during the 3rd quarter. Clearbridge Investments LLC now owns 1,015,647 shares of the business services provider’s stock worth $74,904,000 after purchasing an additional 14,136 shares in the last quarter. Vanguard Group Inc. increased its holdings in US Ecology by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,312,412 shares of the business services provider’s stock worth $96,791,000 after purchasing an additional 18,070 shares in the last quarter. Morgan Stanley increased its holdings in US Ecology by 9.0% during the 3rd quarter. Morgan Stanley now owns 78,020 shares of the business services provider’s stock worth $5,754,000 after purchasing an additional 6,464 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in US Ecology by 7.5% during the 3rd quarter. Legal & General Group Plc now owns 52,210 shares of the business services provider’s stock worth $3,850,000 after purchasing an additional 3,632 shares in the last quarter. 84.10% of the stock is owned by hedge funds and other institutional investors.

About US Ecology

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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