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

Clean Harbors (NYSE:CLH - Get Free Report) announced its quarterly earnings data on Wednesday. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.13, Briefing.com reports. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the prior year, the company earned $1.36 EPS. Clean Harbors's revenue was up 5.3% compared to the same quarter last year.

Clean Harbors Trading Up 6.8 %

Shares of CLH stock traded up $12.91 during trading hours on Wednesday, hitting $202.36. The company had a trading volume of 805,610 shares, compared to its average volume of 326,068. The company's fifty day moving average is $192.53 and its 200 day moving average is $176.49. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66. Clean Harbors has a fifty-two week low of $129.70 and a fifty-two week high of $206.29. The stock has a market capitalization of $11.06 billion, a PE ratio of 28.97 and a beta of 1.24.

Analysts Set New Price Targets

Several brokerages recently issued reports on CLH. Truist Financial upped their price objective on shares of Clean Harbors from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Oppenheimer upped their price objective on shares of Clean Harbors from $178.00 to $200.00 and gave the company an "outperform" rating in a research note on Thursday, February 22nd. Stifel Nicolaus reaffirmed a "buy" rating and set a $220.00 price objective on shares of Clean Harbors in a research note on Monday, April 22nd. BMO Capital Markets increased their price target on shares of Clean Harbors from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. Finally, Robert W. Baird increased their price target on shares of Clean Harbors from $192.00 to $235.00 and gave the company an "outperform" rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $207.90.

Insider Transactions at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 15,276 shares of the company's stock in a transaction that occurred 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 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 document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Eric W. Gerstenberg sold 15,276 shares of the company's stock in a transaction that occurred 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 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director John T. Preston sold 1,913 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the transaction, the director now owns 4,767 shares in the company, valued at $897,912.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,185 shares of company stock worth $4,819,554. 5.90% of the stock is currently owned by insiders.

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.