Heritage-Crystal Clean, Inc (NASDAQ:HCCI) Expected to Report Earnings of $0.50 Per Share


Analysts expect Heritage-Crystal Clean, Inc (NASDAQ: HCCI – Get Rating) to post earnings per share of $0.50 for the current quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for Heritage-Crystal Clean. The highest EPS estimate is $0.52 and the lowest is $0.47. Heritage-Crystal Clean posted earnings of $0.64 per share in the same quarter last year, which would indicate a negative 21.9% year-over-year growth rate. The company is due to release its next results on Monday, January 1.

According to Zacks, analysts expect Heritage-Crystal Clean to report annual earnings of $2.33 per share for the current year, with EPS estimates ranging from $2.25 to $2.43. For the next fiscal year, analysts expect the company to report earnings of $2.06 per share, with EPS estimates ranging from $1.89 to $2.27. Zacks Investment Research EPS averages are an average based on a survey of research analysts who track Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ: HCCI – Get Rating) last released its quarterly results on Wednesday, May 4. The industrial products company reported EPS of $0.54 for the quarter, beating the consensus estimate of $0.46 by $0.08. The company posted revenue of $139.37 million for the quarter, versus a consensus estimate of $128.40 million. Heritage-Crystal Clean had a return on equity of 19.68% and a net margin of 11.76%. During the same period a year earlier, the company posted EPS of $0.39.

HCCI has been the subject of a number of research reports. Barrington Research restated an “outperform” rating and set a price target of $40.00 (vs. $39.00) on Heritage-Crystal Clean shares in a Monday, May 16 research report. Roth Capital reaffirmed a “buy” rating on Heritage-Crystal Clean shares in a Monday, March 7 research note. StockNews.com upgraded Heritage-Crystal Clean from a “buy” rating to a “strong buy” rating in a Wednesday, May 18 research note. Zacks Investment Research downgraded Heritage-Crystal Clean from a “strong buy” rating to a “hold” rating in a Tuesday, May 10 research note. Finally, Needham & Company LLC reissued a “buy” rating and issued a $39.00 price target on Heritage-Crystal Clean shares in a research note on Friday, March 4. One equity research analyst gave the stock a hold rating, four gave the company a buy rating and one gave the company a strong buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $37.80.

The stock has a 50-day simple moving average of $27.81 and a 200-day simple moving average of $29.44. The company has a market capitalization of $673.09 million, a P/E ratio of 10.24, a P/E/G ratio of 0.79 and a beta of 1.24. Heritage-Crystal Clean has a 1-year minimum of $25.31 and a 1-year maximum of $36.29.

Several institutional investors and hedge funds have recently changed their holdings of HCCI. First Quadrant LP CA acquired a new position in shares of Heritage-Crystal Clean during the fourth quarter worth $38,000. Dorsey Wright & Associates acquired a new position in shares of Heritage-Crystal Clean during the fourth quarter worth $54,000. Citigroup Inc. increased its stake in shares of Heritage-Crystal Clean by 99.7% during the third quarter. Citigroup Inc. now owns 2,057 shares of the industrial products company valued at $60,000 after acquiring an additional 1,027 shares during the period. Lazard Asset Management LLC increased its stake in shares of Heritage-Crystal Clean by 49.8% during the first quarter. Lazard Asset Management LLC now owns 2,841 shares of the industrial products company valued at $84,000 after acquiring an additional 945 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Heritage-Crystal Clean by 375.8% during the third quarter. BNP Paribas Arbitrage SA now owns 3,959 shares of the industrial products company valued at $115,000 after acquiring 3,127 additional shares during the period. 61.09% of the shares are currently held by institutional investors and hedge funds.

Heritage-Crystal Clean Company Profile (Get a rating)

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, hazardous and non-hazardous waste, and used oil collection services to small and medium-sized customers size in the industrial maintenance and vehicle sectors in the United States and Canada. It operates through two segments, environmental services and petroleum activities.

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