Clean Harbors (CLH) Projected to Post Earnings on Wednesday

Clean Harbors (NYSE:CLH - Get Free Report) is expected to be releasing its Q2 2025 earnings data before the market opens on Wednesday, July 30th. Analysts expect Clean Harbors to post earnings of $2.34 per share and revenue of $1.59 billion for the quarter.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business earned $1.29 earnings per share. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts expect Clean Harbors to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Clean Harbors Stock Performance

CLH stock traded up $4.35 during trading on Friday, reaching $235.28. 357,967 shares of the stock were exchanged, compared to its average volume of 341,567. Clean Harbors has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a market capitalization of $12.61 billion, a P/E ratio of 32.59 and a beta of 1.16. The stock has a 50 day simple moving average of $228.82 and a 200-day simple moving average of $220.02. The company has a current ratio of 2.37, a quick ratio of 1.98 and a debt-to-equity ratio of 1.08.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CLH. Needham & Company LLC decreased their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. UBS Group lowered their target price on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Robert W. Baird upped their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Raymond James Financial lowered their target price on shares of Clean Harbors from $280.00 to $278.00 and set a "strong-buy" rating on the stock in a research note on Tuesday. Finally, Truist Financial lowered their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $259.70.

Insider Buying and Selling at Clean Harbors

In other news, EVP Brian P. Weber sold 3,035 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the completion of the sale, the executive vice president directly owned 54,548 shares in the company, valued at approximately $12,391,669.16. This trade represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John R. Welch sold 1,250 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $228.51, for a total value of $285,637.50. Following the completion of the sale, the director owned 11,402 shares of the company's stock, valued at approximately $2,605,471.02. This trade represents a 9.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,112 shares of company stock worth $3,416,406 over the last 90 days. Company insiders own 5.60% of the company's stock.

Institutional Trading of Clean Harbors

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its stake in shares of Clean Harbors by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider's stock valued at $10,757,000 after buying an additional 5,884 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Clean Harbors by 102.9% in the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider's stock valued at $431,000 after buying an additional 1,109 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider's stock valued at $120,000 after buying an additional 196 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.