US Ecology Inc (NASDAQ:ECOL) Expected to Post Quarterly Sales of $239.85 Million

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Wall Street analysts predict that US Ecology Inc (NASDAQ:ECOL) will post sales of $239.85 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for US Ecology’s earnings, with the highest sales estimate coming in at $242.00 million and the lowest estimate coming in at $237.70 million. US Ecology posted sales of $157.54 million during the same quarter last year, which suggests a positive year over year growth rate of 52.2%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 20th.

According to Zacks, analysts expect that US Ecology will report full year sales of $694.00 million for the current year, with estimates ranging from $692.00 million to $696.00 million. For the next year, analysts expect that the firm will post sales of $1.12 billion, with estimates ranging from $1.11 billion to $1.13 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow US Ecology.

US Ecology (NASDAQ:ECOL) last announced its earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $167.40 million during the quarter, compared to analysts’ expectations of $161.25 million. US Ecology had a net margin of 8.22% and a return on equity of 13.61%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share.

ECOL has been the subject of a number of research reports. UBS Group set a $63.00 target price on shares of US Ecology and gave the stock a “hold” rating in a research report on Friday, November 1st. BidaskClub cut shares of US Ecology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 15th. ValuEngine cut shares of US Ecology from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Zacks Investment Research cut shares of US Ecology from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th.

ECOL traded down $0.09 during midday trading on Tuesday, reaching $54.99. 36,088 shares of the company’s stock were exchanged, compared to its average volume of 186,634. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.03 and a quick ratio of 2.03. The stock has a market capitalization of $1.22 billion, a PE ratio of 23.70 and a beta of 0.53. The business’s 50-day moving average price is $60.27 and its 200 day moving average price is $60.87. US Ecology has a 1-year low of $53.48 and a 1-year high of $70.48.

Several large investors have recently bought and sold shares of ECOL. American Research & Management Co. acquired a new position in shares of US Ecology in the second quarter valued at approximately $36,000. US Bancorp DE raised its position in shares of US Ecology by 20.0% in the second quarter. US Bancorp DE now owns 1,238 shares of the business services provider’s stock valued at $73,000 after buying an additional 206 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of US Ecology in the first quarter valued at approximately $77,000. First Mercantile Trust Co. raised its position in shares of US Ecology by 13.5% in the second quarter. First Mercantile Trust Co. now owns 1,510 shares of the business services provider’s stock valued at $90,000 after buying an additional 180 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of US Ecology by 27.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,476 shares of the business services provider’s stock valued at $94,000 after buying an additional 317 shares during the last quarter. 89.44% of the stock is owned by institutional investors and hedge funds.

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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