Zacks Research Expects Reduced Earnings for Clean Harbors

Clean Harbors, Inc. (NYSE:CLH - Free Report) - Zacks Research reduced their Q2 2025 earnings per share (EPS) estimates for Clean Harbors in a research note issued on Wednesday, May 21st. Zacks Research analyst S. Goswami now expects that the business services provider will earn $2.35 per share for the quarter, down from their previous estimate of $2.36. The consensus estimate for Clean Harbors' current full-year earnings is $7.89 per share. Zacks Research also issued estimates for Clean Harbors' Q3 2025 earnings at $2.30 EPS, Q4 2025 earnings at $1.69 EPS, Q2 2026 earnings at $2.47 EPS, Q4 2026 earnings at $2.14 EPS, FY2026 earnings at $8.70 EPS and Q1 2027 earnings at $2.15 EPS.

Several other equities analysts also recently commented on CLH. The Goldman Sachs Group cut their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. UBS Group decreased their price objective on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. BMO Capital Markets reduced their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, Truist Financial reduced their price objective on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $257.67.

Clean Harbors Stock Performance

CLH traded down $1.07 during midday trading on Thursday, reaching $226.65. The company's stock had a trading volume of 301,089 shares, compared to its average volume of 350,593. The stock has a market cap of $12.14 billion, a P/E ratio of 30.55 and a beta of 1.19. The company has a fifty day simple moving average of $209.86 and a 200 day simple moving average of $224.94. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors has a twelve month low of $178.29 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.07. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business earned $1.29 EPS. The business's revenue for the quarter was up 4.0% on a year-over-year basis.

Insiders Place Their Bets

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the transaction, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren States sold 836 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $226.17, for a total value of $189,078.12. Following the completion of the sale, the director now owns 11,871 shares in the company, valued at $2,684,864.07. The trade was a 6.58% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company's stock.

Hedge Funds Weigh In On Clean Harbors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLH. Wellington Management Group LLP raised its holdings in Clean Harbors by 30.9% in the 1st quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider's stock worth $1,043,407,000 after purchasing an additional 1,249,704 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after purchasing an additional 697,630 shares in the last quarter. Norges Bank bought a new position in shares of Clean Harbors in the 4th quarter valued at about $136,974,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Clean Harbors by 127.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 899,566 shares of the business services provider's stock valued at $177,304,000 after acquiring an additional 504,290 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Clean Harbors by 36,389.2% in the 1st quarter. Millennium Management LLC now owns 362,892 shares of the business services provider's stock valued at $71,526,000 after acquiring an additional 363,892 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

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.