Heritage-Crystal Clean (HCCI) Earning Somewhat Favorable Media Coverage, Study Shows
News headlines about Heritage-Crystal Clean (NASDAQ:HCCI) have trended somewhat positive on Friday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Heritage-Crystal Clean earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.1653508821089 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Heritage-Crystal Clean (HCCI) traded down 2.30% during trading on Friday, reaching $21.25. The company had a trading volume of 91,217 shares. The firm has a 50-day moving average price of $20.16 and a 200 day moving average price of $16.82. The stock has a market cap of $480.55 million, a P/E ratio of 27.74 and a beta of 2.09. Heritage-Crystal Clean has a 12-month low of $11.85 and a 12-month high of $22.20.
Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. The business had revenue of $86.38 million during the quarter, compared to analyst estimates of $82.45 million. Heritage-Crystal Clean had a net margin of 4.92% and a return on equity of 7.69%. Equities research analysts predict that Heritage-Crystal Clean will post $0.70 EPS for the current fiscal year.
Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Stifel Nicolaus restated a “buy” rating on shares of Heritage-Crystal Clean in a research note on Tuesday, September 5th. BidaskClub upgraded Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Needham & Company LLC raised their target price on Heritage-Crystal Clean from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Barrington Research raised their target price on Heritage-Crystal Clean from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $20.50.
In other news, VP Ellie Bruce sold 2,252 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $17.00, for a total transaction of $38,284.00. Following the completion of the transaction, the vice president now owns 23,281 shares of the company’s stock, valued at $395,777. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.80% of the stock is currently owned by corporate insiders.
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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