US Ecology, Inc. (ECOL) Plans Quarterly Dividend of $0.18
US Ecology, Inc. (NASDAQ:ECOL) declared a quarterly dividend on Monday, October 2nd, Zacks reports. Shareholders of record on Friday, October 20th will be paid a dividend of 0.18 per share by the business services provider on Friday, October 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, October 19th.
US Ecology (NASDAQ:ECOL) opened at 55.25 on Tuesday. US Ecology has a 1-year low of $38.00 and a 1-year high of $55.30. The stock’s 50 day moving average price is $50.05 and its 200 day moving average price is $49.95. The stock has a market capitalization of $1.21 billion, a PE ratio of 43.20 and a beta of 0.66.
US Ecology (NASDAQ:ECOL) last released its earnings results on Thursday, July 27th. The business services provider reported $0.38 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. US Ecology had a net margin of 5.86% and a return on equity of 11.37%. The firm had revenue of $126.06 million during the quarter, compared to analysts’ expectations of $128.38 million. During the same period in the prior year, the company earned $0.41 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts forecast that US Ecology will post $1.77 earnings per share for the current year.
In other US Ecology news, Director Katina Dorton purchased 600 shares of the stock in a transaction on Friday, August 25th. The shares were purchased at an average price of $47.16 per share, with a total value of $28,296.00. Following the acquisition, the director now directly owns 3,970 shares of the company’s stock, valued at approximately $187,225.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Eric L. Gerratt sold 19,936 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $46.80, for a total transaction of $933,004.80. Following the completion of the sale, the chief financial officer now directly owns 31,447 shares in the company, valued at approximately $1,471,719.60. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
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A number of research analysts have recently commented on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $60.00 price objective on shares of US Ecology in a research report on Friday, September 8th. BidaskClub raised US Ecology from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Stifel Nicolaus reissued a “buy” rating and set a $55.00 target price on shares of US Ecology in a research report on Wednesday, July 19th. BMO Capital Markets assumed coverage on US Ecology in a research report on Thursday, June 29th. They set a “market perform” rating and a $54.00 target price on the stock. Finally, Zacks Investment Research lowered US Ecology from a “hold” rating to a “sell” rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $53.60.
US Ecology Company Profile
US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.
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