Clean Harbors (CLH) Set to Announce Quarterly Earnings on Wednesday

Clean Harbors (NYSE:CLH - Get Free Report) will issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.16 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.69 by $0.13. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the business earned $1.44 EPS. Clean Harbors's quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts expect Clean Harbors to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Clean Harbors Price Performance

NYSE:CLH traded down $5.02 during trading hours on Wednesday, hitting $196.00. 384,019 shares of the stock were exchanged, compared to its average volume of 320,959. Clean Harbors has a 52-week low of $129.70 and a 52-week high of $204.06. The firm's fifty day moving average price is $192.02 and its 200 day moving average price is $175.57. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02. The company has a market cap of $10.71 billion, a P/E ratio of 28.20 and a beta of 1.24.

Analyst Ratings Changes

CLH has been the subject of several research reports. Oppenheimer boosted their price objective on Clean Harbors from $178.00 to $200.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. Truist Financial upped their price target on Clean Harbors from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Needham & Company LLC upped their price target on Clean Harbors from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, April 9th. Robert W. Baird upped their price target on Clean Harbors from $192.00 to $235.00 and gave the company an "outperform" rating in a research report on Tuesday, April 16th. Finally, BMO Capital Markets increased their price objective on Clean Harbors from $200.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, March 28th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors has an average rating of "Buy" and an average price target of $207.90.

Insiders Place Their Bets

In other news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares of the company's stock, valued at $12,502,193.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the sale, the executive vice president now directly owns 62,803 shares in the company, valued at approximately $12,502,193.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John T. Preston sold 1,913 shares of the 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 sale, the director now owns 4,767 shares in the company, valued at $897,912.12. The disclosure for this sale can be found here. Insiders have sold 25,185 shares of company stock worth $4,819,554 over the last ninety days. Corporate insiders own 6.60% of the company's stock.

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.