Clean Harbors (CLH) Expected to Announce Earnings on Wednesday

Clean Harbors (NYSE:CLH) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $1.36 per share and revenue of $1.43 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Clean Harbors Price Performance

CLH stock opened at $233.81 on Wednesday. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 30.44 and a beta of 1.24. The firm’s 50-day moving average price is $236.72 and its two-hundred day moving average price is $242.56. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors has a 12-month low of $176.02 and a 12-month high of $267.11.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. TD Cowen initiated coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Truist Financial upped their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Robert W. Baird dropped their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Oppenheimer raised their target price on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors presently has an average rating of “Buy” and an average price target of $269.44.

Insider Buying and Selling

In other news, CEO Eric W. Gerstenberg sold 6,051 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the transaction, the chief executive officer now directly owns 55,657 shares in the company, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now owns 12,226 shares in the company, valued at approximately $2,922,503.04. The trade was a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,836 shares of company stock valued at $1,966,314 over the last quarter. Corporate insiders own 5.90% of the company’s stock.

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.