$0.30 Earnings Per Share Expected for US Ecology Inc (ECOL) This Quarter
Wall Street brokerages expect that US Ecology Inc (NASDAQ:ECOL) will post earnings of $0.30 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for US Ecology’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.32. US Ecology posted earnings of $0.23 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 30.4%. The business is expected to announce its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that US Ecology will report full year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.21. For the next year, analysts anticipate that the firm will post earnings of $2.30 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover US Ecology.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.11. The firm had revenue of $133.70 million for the quarter, compared to analysts’ expectations of $132.09 million. US Ecology had a net margin of 9.79% and a return on equity of 12.65%. US Ecology’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share.
In related news, CEO Jeffrey R. Feeler sold 25,000 shares of US Ecology stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $54.59, for a total value of $1,364,750.00. Following the completion of the sale, the chief executive officer now owns 79,127 shares in the company, valued at $4,319,542.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven D. Welling sold 3,742 shares of US Ecology stock in a transaction on Friday, March 9th. The stock was sold at an average price of $55.65, for a total transaction of $208,242.30. Following the completion of the sale, the executive vice president now owns 26,732 shares of the company’s stock, valued at approximately $1,487,635.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,742 shares of company stock valued at $1,972,642. Insiders own 1.50% of the company’s stock.
Several large investors have recently modified their holdings of ECOL. Atlanta Capital Management Co. L L C increased its stake in shares of US Ecology by 41.4% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 422,195 shares of the business services provider’s stock worth $21,532,000 after buying an additional 123,674 shares during the last quarter. Macquarie Group Ltd. increased its stake in US Ecology by 12.0% during the third quarter. Macquarie Group Ltd. now owns 730,448 shares of the business services provider’s stock valued at $39,298,000 after purchasing an additional 78,223 shares during the last quarter. BlackRock Inc. increased its stake in US Ecology by 2.4% during the fourth quarter. BlackRock Inc. now owns 2,699,211 shares of the business services provider’s stock valued at $137,661,000 after purchasing an additional 62,789 shares during the last quarter. WCM Investment Management CA increased its stake in US Ecology by 500.2% during the fourth quarter. WCM Investment Management CA now owns 47,127 shares of the business services provider’s stock valued at $2,403,000 after purchasing an additional 39,275 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in US Ecology during the fourth quarter valued at $1,791,000. Institutional investors and hedge funds own 86.32% of the company’s stock.
Shares of US Ecology (ECOL) opened at $55.50 on Wednesday. The stock has a market cap of $1,223.93, a P/E ratio of 24.67 and a beta of 0.69. US Ecology has a 12 month low of $44.50 and a 12 month high of $59.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.23 and a current ratio of 2.23.
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About US Ecology
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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