Clean Harbors (NYSE:CLH) Releases Earnings Results, Beats Expectations By $0.19 EPS

Clean Harbors (NYSE:CLH) released its quarterly earnings data on Wednesday. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.19, Zacks reports. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $1.82 EPS.

Clean Harbors Trading Down 3.6 %

NYSE CLH opened at $211.97 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors has a 1-year low of $176.02 and a 1-year high of $267.11. The firm’s fifty day simple moving average is $233.69 and its 200-day simple moving average is $242.09. The company has a market capitalization of $11.43 billion, a PE ratio of 28.57 and a beta of 1.24.

Insider Activity at Clean Harbors

In related news, EVP Brian P. Weber sold 861 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares in the company, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the sale, the director now owns 11,918 shares of the company’s stock, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,785 shares of company stock valued at $444,558. Insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

CLH has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a research report on Thursday. BMO Capital Markets decreased their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday. Truist Financial cut their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday. Stifel Nicolaus decreased their target price on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday. Finally, StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $270.56.

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.