Zacks: Analysts Anticipate US Ecology Inc (NASDAQ:ECOL) Will Post Quarterly Sales of $150.30 Million

Equities analysts expect US Ecology Inc (NASDAQ:ECOL) to report sales of $150.30 million for the current quarter, Zacks reports. Two analysts have issued estimates for US Ecology’s earnings, with the lowest sales estimate coming in at $150.00 million and the highest estimate coming in at $150.60 million. US Ecology reported sales of $136.91 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.8%. The business is expected to announce its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that US Ecology will report full-year sales of $607.15 million for the current fiscal year, with estimates ranging from $604.30 million to $610.00 million. For the next year, analysts forecast that the business will report sales of $644.75 million, with estimates ranging from $641.50 million to $648.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for US Ecology.

US Ecology (NASDAQ:ECOL) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.10). The company had revenue of $131.00 million for the quarter, compared to the consensus estimate of $130.90 million. US Ecology had a net margin of 8.39% and a return on equity of 13.59%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 earnings per share.

A number of research firms recently commented on ECOL. BidaskClub raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. UBS Group reissued a “hold” rating on shares of Deutsche Bank in a report on Thursday, April 4th. ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a report on Friday, June 21st. Finally, Zacks Investment Research cut Heritage Insurance from a “hold” rating to a “strong sell” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. US Ecology currently has an average rating of “Hold” and an average price target of $70.20.

NASDAQ ECOL traded up $1.07 during trading hours on Friday, reaching $62.00. The company’s stock had a trading volume of 99,247 shares, compared to its average volume of 111,514. The business’s 50-day moving average is $60.31. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.95. US Ecology has a 1 year low of $54.24 and a 1 year high of $77.15. The stock has a market cap of $1.35 billion, a P/E ratio of 26.72 and a beta of 0.48.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 19th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, July 18th. This represents a $0.72 dividend on an annualized basis and a yield of 1.16%. US Ecology’s dividend payout ratio is presently 31.03%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Redmond Asset Management LLC raised its holdings in shares of US Ecology by 0.8% during the 1st quarter. Redmond Asset Management LLC now owns 22,766 shares of the business services provider’s stock worth $1,274,000 after acquiring an additional 180 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of US Ecology by 21.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,060 shares of the business services provider’s stock worth $59,000 after acquiring an additional 188 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of US Ecology by 2.3% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 8,736 shares of the business services provider’s stock worth $520,000 after acquiring an additional 200 shares in the last quarter. Chatham Capital Group Inc. raised its holdings in shares of US Ecology by 0.7% during the 1st quarter. Chatham Capital Group Inc. now owns 30,709 shares of the business services provider’s stock worth $1,719,000 after acquiring an additional 215 shares in the last quarter. Finally, Mason Street Advisors LLC raised its holdings in shares of US Ecology by 3.6% during the 1st quarter. Mason Street Advisors LLC now owns 7,088 shares of the business services provider’s stock worth $397,000 after acquiring an additional 243 shares in the last quarter. 82.42% of the stock is currently owned by institutional investors and hedge funds.

About US Ecology

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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