Heritage-Crystal Clean Inc. (HCCI) Scheduled to Post Quarterly Earnings on Wednesday
Heritage-Crystal Clean Inc. (NASDAQ:HCCI) is scheduled to announce its earnings results after the market closes on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.
Heritage-Crystal Clean (NASDAQ:HCCI) last issued its earnings results on Thursday, July 28th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. Heritage-Crystal Clean had a net margin of 0.08% and a return on equity of 2.23%. On average, analysts expect Heritage-Crystal Clean to post $0.34 EPS for the current fiscal year and $0.69 EPS for the next fiscal year.
Shares of Heritage-Crystal Clean Inc. (NASDAQ:HCCI) opened at 13.00 on Tuesday. Heritage-Crystal Clean Inc. has a 12 month low of $7.19 and a 12 month high of $14.20. The stock’s 50 day moving average is $13.26 and its 200 day moving average is $12.12. The firm has a market capitalization of $291.29 million, a price-to-earnings ratio of 1000.00 and a beta of 1.35.
In other news, VP Tom Hillstrom sold 15,000 shares of the stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $13.21, for a total value of $198,150.00. Following the transaction, the vice president now directly owns 3,810 shares of the company’s stock, valued at $50,330.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.30% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of HCCI. Redmond Asset Management LLC raised its position in Heritage-Crystal Clean by 0.9% in the second quarter. Redmond Asset Management LLC now owns 155,191 shares of the company’s stock worth $1,895,000 after buying an additional 1,425 shares in the last quarter. State Street Corp raised its position in Heritage-Crystal Clean by 11.5% in the second quarter. State Street Corp now owns 156,723 shares of the company’s stock worth $1,913,000 after buying an additional 16,155 shares in the last quarter. Spark Investment Management LLC acquired a new position in Heritage-Crystal Clean during the second quarter worth approximately $225,000. Coe Capital Management LLC acquired a new position in Heritage-Crystal Clean during the second quarter worth approximately $979,000. Finally, Teachers Advisors Inc. raised its position in Heritage-Crystal Clean by 1.8% in the second quarter. Teachers Advisors Inc. now owns 19,037 shares of the company’s stock worth $232,000 after buying an additional 337 shares in the last quarter. 49.84% of the stock is currently owned by institutional investors.
A number of analysts have commented on HCCI shares. Zacks Investment Research cut shares of Heritage-Crystal Clean from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Needham & Company LLC increased their price target on shares of Heritage-Crystal Clean from $15.50 to $16.50 and gave the company a “buy” rating in a research note on Friday, July 29th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.50.
Heritage-Crystal Clean Company Profile
Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.
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