Charah Solutions (CHRA) Hits New 52-Week Low on Disappointing Earnings

Charah Solutions Inc (NYSE:CHRA) hit a new 52-week low on Wednesday following a weaker than expected earnings announcement. The company traded as low as $5.20 and last traded at $5.22, with a volume of 1665 shares traded. The stock had previously closed at $6.71.

The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). Charah Solutions had a positive return on equity of 15.08% and a negative net margin of 1.67%. The company had revenue of $163.26 million during the quarter, compared to analyst estimates of $152.30 million.

A number of research analysts have recently issued reports on CHRA shares. Zacks Investment Research raised Charah Solutions from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Bank of America lowered Charah Solutions from a “buy” rating to an “underperform” rating and set a $7.00 target price on the stock. in a report on Friday, February 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Charah Solutions has an average rating of “Hold” and an average target price of $9.88.

Several large investors have recently added to or reduced their stakes in CHRA. Wells Fargo & Company MN increased its holdings in shares of Charah Solutions by 180.4% in the first quarter. Wells Fargo & Company MN now owns 4,030 shares of the company’s stock valued at $26,000 after purchasing an additional 2,593 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Charah Solutions by 226.8% in the fourth quarter. Macquarie Group Ltd. now owns 6,200 shares of the company’s stock valued at $52,000 after purchasing an additional 4,303 shares during the period. Strs Ohio increased its holdings in shares of Charah Solutions by 361.9% in the fourth quarter. Strs Ohio now owns 9,700 shares of the company’s stock valued at $80,000 after purchasing an additional 7,600 shares during the period. California State Teachers Retirement System increased its holdings in shares of Charah Solutions by 18.5% in the first quarter. California State Teachers Retirement System now owns 13,249 shares of the company’s stock valued at $85,000 after purchasing an additional 2,066 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Charah Solutions by 37.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,137 shares of the company’s stock worth $123,000 after acquiring an additional 5,187 shares during the period. 23.29% of the stock is currently owned by institutional investors and hedge funds.

The firm has a market capitalization of $119.11 million and a price-to-earnings ratio of 5.04. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.66 and a quick ratio of 1.43.

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About Charah Solutions (NYSE:CHRA)

Charah Solutions, Inc provides environmental and maintenance services to the power generation industry in the United States. The company operates through two segments, Environmental Solutions; and Maintenance and Technical Services. The Environmental Solutions segment offers remediation and compliance services, including development, construction, and management of landfills for coal-fired power generation facilities, and new and existing ash ponds; and active pond management services, such as clean closure, cap-in-place, and design and construction of new ponds.

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