Clean Harbors (NYSE:CLH) Posts Earnings Results

Clean Harbors (NYSE:CLH - Get Free Report) posted its quarterly earnings results on Wednesday. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19, Zacks reports. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 EPS.

Clean Harbors Stock Up 2.6 %

Clean Harbors stock traded up $5.59 during midday trading on Friday, hitting $217.77. 1,002,952 shares of the company were exchanged, compared to its average volume of 419,837. The company's fifty day moving average price is $233.69 and its 200-day moving average price is $242.09. The company has a market cap of $11.74 billion, a PE ratio of 29.35 and a beta of 1.24. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors has a fifty-two week low of $180.24 and a fifty-two week high of $267.11.

Insider Buying and Selling

In related news, EVP Brian P. Weber sold 861 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the transaction, the executive vice president now directly owns 59,346 shares of the company's stock, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the transaction, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,785 shares of company stock valued at $444,558. Corporate insiders own 5.90% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on CLH. Stifel Nicolaus lowered their price target on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a report on Thursday. Oppenheimer lowered their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a report on Thursday. Robert W. Baird reduced their price objective on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a research note on Thursday. StockNews.com lowered Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, TD Cowen started coverage on Clean Harbors in a research note on Friday, December 6th. They issued a "buy" rating and a $325.00 price objective on the stock. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $270.56.

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.