Clean Harbors (NYSE:CLH) Posts Earnings Results, Beats Expectations By $0.13 EPS

Clean Harbors (NYSE:CLH) issued its quarterly earnings data on Wednesday. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13, Briefing.com reports. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the business posted $1.36 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year.

Clean Harbors Price Performance

Clean Harbors stock traded up $2.42 during mid-day trading on Friday, hitting $207.97. The stock had a trading volume of 176,645 shares, compared to its average volume of 326,057. The firm has a market capitalization of $11.36 billion, a P/E ratio of 30.31 and a beta of 1.24. The company has a current ratio of 2.07, a quick ratio of 1.66 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is $193.42 and its 200 day moving average is $176.87. Clean Harbors has a one year low of $132.92 and a one year high of $210.26.

Insider Buying and Selling

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 15,276 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total value of $2,867,457.96. Following the sale, the chief executive officer now owns 67,374 shares in the company, valued at approximately $12,646,773.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Clean Harbors news, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $187.71, for a total value of $2,867,457.96. Following the transaction, the chief executive officer now directly owns 67,374 shares in the company, valued at approximately $12,646,773.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Preston sold 1,913 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the sale, the director now directly owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,185 shares of company stock valued at $4,819,554. Company insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CLH. Stifel Nicolaus restated a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. BMO Capital Markets raised their target price on Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday. Robert W. Baird raised their target price on Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Needham & Company LLC restated a “buy” rating and issued a $235.00 price objective on shares of Clean Harbors in a report on Thursday. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $216.40.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.