US Ecology Inc (NASDAQ:ECOL) to Issue $0.18 Quarterly Dividend

US Ecology Inc (NASDAQ:ECOL) declared a quarterly dividend on Monday, April 1st, NASDAQ reports. Stockholders of record on Friday, April 19th will be paid a dividend of 0.18 per share by the business services provider on Friday, April 26th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Wednesday, April 17th.

US Ecology has a payout ratio of 32.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect US Ecology to earn $2.45 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 29.4%.

ECOL stock traded down $0.28 during midday trading on Wednesday, reaching $59.81. The stock had a trading volume of 48,764 shares, compared to its average volume of 106,860. US Ecology has a 52-week low of $52.35 and a 52-week high of $77.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market capitalization of $1.34 billion, a P/E ratio of 25.78 and a beta of 0.50.

US Ecology (NASDAQ:ECOL) last posted its quarterly earnings results on Thursday, February 21st. The business services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.60 by $0.05. US Ecology had a return on equity of 14.80% and a net margin of 8.76%. The business had revenue of $157.54 million for the quarter, compared to analyst estimates of $148.92 million. During the same quarter in the previous year, the firm earned $0.73 EPS. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities analysts forecast that US Ecology will post 2.25 earnings per share for the current year.

A number of brokerages recently issued reports on ECOL. BidaskClub raised US Ecology from a “strong sell” rating to a “sell” rating in a research report on Friday, March 29th. UBS Group raised US Ecology from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $56.00 to $59.00 in a research report on Thursday, April 4th. ValuEngine downgraded US Ecology from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd. Finally, Zacks Investment Research downgraded US Ecology from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $70.20.

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US Ecology Company Profile

US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates through two segments, Environmental Services, and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous, non-hazardous, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.

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Dividend History for US Ecology (NASDAQ:ECOL)

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