Clean Harbors (NYSE:CLH) Posts Earnings Results, Misses Estimates By $0.03 EPS

Clean Harbors (NYSE:CLH) released its quarterly earnings results on Wednesday. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03), Briefing.com reports. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the firm earned $1.68 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis.

Clean Harbors Trading Down 0.1 %

Shares of CLH stock traded down $0.14 during mid-day trading on Thursday, reaching $235.01. The stock had a trading volume of 307,511 shares, compared to its average volume of 291,909. The stock’s 50-day moving average price is $246.84 and its two-hundred day moving average price is $228.98. Clean Harbors has a 52-week low of $132.92 and a 52-week high of $267.11. The firm has a market capitalization of $12.68 billion, a PE ratio of 34.04 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CLH. Needham & Company LLC dropped their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday. Robert W. Baird dropped their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday. The Goldman Sachs Group lifted their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 price target (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Finally, StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Buy” and a consensus target price of $252.11.

Insider Activity at Clean Harbors

In related news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Clean Harbors news, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the sale, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,617 shares of company stock worth $2,613,132 over the last 90 days. 5.90% of the stock is owned by company insiders.

Clean Harbors Company Profile

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.