Brokerages Expect Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) Will Announce Earnings of $0.38 Per Share

Equities analysts expect Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) to announce $0.38 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Heritage-Crystal Clean’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.41. Heritage-Crystal Clean reported earnings of $0.12 per share during the same quarter last year, which would indicate a positive year over year growth rate of 216.7%. The firm is expected to announce its next quarterly earnings results on Tuesday, March 3rd.

On average, analysts expect that Heritage-Crystal Clean will report full year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $0.93 to $1.09. For the next year, analysts expect that the company will report earnings of $1.37 per share, with EPS estimates ranging from $1.33 to $1.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings data on Wednesday, October 16th. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.04). Heritage-Crystal Clean had a net margin of 3.01% and a return on equity of 6.86%. The firm had revenue of $104.84 million for the quarter, compared to the consensus estimate of $104.06 million.

HCCI has been the subject of a number of analyst reports. Zacks Investment Research lowered Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a report on Friday, September 27th. Barrington Research set a $31.00 price target on Heritage-Crystal Clean and gave the stock a “buy” rating in a report on Tuesday. ValuEngine lowered Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, BidaskClub raised Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Heritage-Crystal Clean presently has a consensus rating of “Hold” and a consensus target price of $29.80.

NASDAQ HCCI traded down $0.05 on Friday, hitting $26.95. 39,929 shares of the stock traded hands, compared to its average volume of 52,418. The business’s fifty day moving average is $25.38 and its two-hundred day moving average is $26.37. Heritage-Crystal Clean has a 12 month low of $20.47 and a 12 month high of $29.01. The firm has a market capitalization of $624.39 million, a price-to-earnings ratio of 39.63, a PEG ratio of 1.65 and a beta of 1.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 1.98.

In related news, VP Ellie Bruce sold 2,000 shares of Heritage-Crystal Clean stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.05, for a total transaction of $50,100.00. Following the completion of the sale, the vice president now owns 78,478 shares of the company’s stock, valued at $1,965,873.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carmine Falcone sold 2,500 shares of Heritage-Crystal Clean stock in a transaction on Friday, August 9th. The shares were sold at an average price of $26.22, for a total value of $65,550.00. Following the sale, the director now directly owns 1,985 shares of the company’s stock, valued at approximately $52,046.70. The disclosure for this sale can be found here. Insiders sold 8,796 shares of company stock valued at $232,716 over the last ninety days. Corporate insiders own 8.40% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Bank of Montreal Can bought a new stake in Heritage-Crystal Clean during the second quarter valued at $33,000. Aperio Group LLC bought a new stake in Heritage-Crystal Clean during the second quarter valued at $43,000. JPMorgan Chase & Co. boosted its stake in Heritage-Crystal Clean by 14.2% during the second quarter. JPMorgan Chase & Co. now owns 4,126 shares of the industrial products company’s stock valued at $108,000 after buying an additional 512 shares during the period. Strs Ohio boosted its stake in Heritage-Crystal Clean by 7.5% during the second quarter. Strs Ohio now owns 7,200 shares of the industrial products company’s stock valued at $189,000 after buying an additional 500 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Heritage-Crystal Clean during the second quarter valued at $232,000. 64.05% of the stock is owned by institutional investors.

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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