Brokerages expect US Ecology Inc (NASDAQ:ECOL) to post $0.61 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for US Ecology’s earnings, with estimates ranging from $0.57 to $0.64. US Ecology posted earnings per share of $0.65 during the same quarter last year, which indicates a negative year over year growth rate of 6.2%. The company is expected to report its next quarterly earnings results on Thursday, February 20th.
On average, analysts expect that US Ecology will report full year earnings of $2.20 per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of $2.23 per share, with EPS estimates ranging from $2.00 to $2.46. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover US Ecology.
US Ecology (NASDAQ:ECOL) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. The business 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%. US Ecology’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share.
A number of research firms have weighed in on ECOL. Zacks Investment Research lowered shares of US Ecology from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th. BidaskClub cut shares of US Ecology from a “sell” rating to a “strong sell” rating in a report on Friday, November 15th. UBS Group set a $63.00 price target on US Ecology and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, ValuEngine downgraded US Ecology from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st.
NASDAQ:ECOL traded up $0.06 during midday trading on Monday, reaching $57.24. The stock had a trading volume of 284,620 shares, compared to its average volume of 165,994. The stock has a market capitalization of $1.26 billion, a P/E ratio of 25.08 and a beta of 0.54. US Ecology has a 1-year low of $53.48 and a 1-year high of $67.24. 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 firm’s fifty day simple moving average is $56.81 and its 200-day simple moving average is $60.62.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its holdings in shares of US Ecology by 8,603.0% during the second quarter. Victory Capital Management Inc. now owns 600,596 shares of the business services provider’s stock worth $35,759,000 after buying an additional 593,695 shares during the last quarter. Rice Hall James & Associates LLC bought a new position in US Ecology during the third quarter worth $18,797,000. Voya Investment Management LLC increased its position in US Ecology by 128.6% during the third quarter. Voya Investment Management LLC now owns 415,866 shares of the business services provider’s stock worth $26,591,000 after acquiring an additional 233,941 shares during the period. Macquarie Group Ltd. increased its position in US Ecology by 21.5% during the second quarter. Macquarie Group Ltd. now owns 924,678 shares of the business services provider’s stock worth $55,056,000 after acquiring an additional 163,556 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its stake in US Ecology by 8.8% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 1,305,988 shares of the business services provider’s stock valued at $77,759,000 after purchasing an additional 106,107 shares during the last quarter. 89.44% of the stock is currently owned by hedge funds and other institutional investors.
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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