Brokerages Anticipate Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) Will Post Earnings of $0.32 Per Share

Equities research analysts predict that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will post earnings per share of $0.32 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Heritage-Crystal Clean’s earnings, with estimates ranging from $0.29 to $0.34. Heritage-Crystal Clean posted earnings of $0.27 per share in the same quarter last year, which would indicate a positive year over year growth rate of 18.5%. The firm is expected to report its next quarterly earnings report on Wednesday, October 16th.

On average, analysts expect that Heritage-Crystal Clean will report full year earnings of $1.09 per share for the current financial year, with EPS estimates ranging from $1.06 to $1.13. For the next year, analysts anticipate that the business will post earnings of $1.41 per share, with EPS estimates ranging from $1.32 to $1.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Heritage-Crystal Clean had a return on equity of 6.78% and a net margin of 3.13%. The business had revenue of $105.00 million for the quarter, compared to analysts’ expectations of $107.75 million.

Several research analysts have weighed in on HCCI shares. ValuEngine raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research report on Tuesday, July 16th. BidaskClub upgraded Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Barrington Research boosted their target price on Heritage-Crystal Clean from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Zacks Investment Research upgraded Heritage-Crystal Clean from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $29.80.

Several institutional investors and hedge funds have recently modified their holdings of the business. Aperio Group LLC bought a new stake in shares of Heritage-Crystal Clean during the 2nd quarter valued at $43,000. Legal & General Group Plc raised its stake in shares of Heritage-Crystal Clean by 22.7% during the 4th quarter. Legal & General Group Plc now owns 2,744 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 507 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Heritage-Crystal Clean by 476.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,100 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 2,562 shares during the period. Great West Life Assurance Co. Can bought a new stake in shares of Heritage-Crystal Clean during the 4th quarter valued at $73,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Heritage-Crystal Clean by 421.8% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,093 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 4,117 shares during the period. Hedge funds and other institutional investors own 64.44% of the company’s stock.

HCCI stock traded down $0.25 during midday trading on Friday, hitting $27.75. The company’s stock had a trading volume of 33,135 shares, compared to its average volume of 44,991. The company’s 50-day moving average is $26.74. The company has a current ratio of 1.82, a quick ratio of 1.39 and a debt-to-equity ratio of 0.31. Heritage-Crystal Clean has a 1 year low of $19.01 and a 1 year high of $29.01. The stock has a market cap of $647.51 million, a PE ratio of 40.81, a price-to-earnings-growth ratio of 1.72 and a beta of 1.39.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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