Clean Harbors (NYSE:CLH) Announces Earnings Results, Beats Expectations By $0.13 EPS

Clean Harbors (NYSE:CLH) announced its earnings results on Wednesday. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.16 by $0.13, Briefing.com reports. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the company posted $1.36 EPS.

Clean Harbors Stock Down 2.0 %

NYSE:CLH opened at $189.34 on Wednesday. Clean Harbors has a twelve month low of $129.70 and a twelve month high of $204.06. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 27.24 and a beta of 1.24. The company has a quick ratio of 1.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.02. The stock’s 50 day moving average price is $192.49 and its two-hundred day moving average price is $176.28.

Analysts Set New Price Targets

A number of brokerages recently commented on CLH. Stifel Nicolaus restated a “buy” rating and set a $220.00 price objective on shares of Clean Harbors in a report on Monday, April 22nd. Truist Financial lifted their price target on Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Oppenheimer boosted their price target on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. Finally, Robert W. Baird boosted their target price on Clean Harbors from $192.00 to $235.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Clean Harbors presently has an average rating of “Buy” and a consensus price target of $207.90.

Insider Activity

In related news, CEO Eric W. Gerstenberg sold 15,276 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the transaction, the chief executive officer now directly owns 67,374 shares in the company, valued at $12,646,773.54. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Eric W. Gerstenberg sold 15,276 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the sale, the chief executive officer now owns 67,374 shares in the company, valued at approximately $12,646,773.54. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John T. Preston sold 1,913 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the transaction, the director now owns 4,767 shares in the company, valued at approximately $897,912.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,185 shares of company stock valued at $4,819,554. 5.90% of the stock is owned by insiders.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.