Equities research analysts expect that US Ecology, Inc. (NASDAQ:ECOL) will announce sales of $237.85 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for US Ecology’s earnings, with the lowest sales estimate coming in at $235.00 million and the highest estimate coming in at $240.70 million. US Ecology reported sales of $167.40 million during the same quarter last year, which would suggest a positive year over year growth rate of 42.1%. The business is expected to report its next quarterly earnings report on Wednesday, November 4th.
According to Zacks, analysts expect that US Ecology will report full year sales of $926.25 million for the current financial year, with estimates ranging from $919.50 million to $933.00 million. For the next financial year, analysts forecast that the business will report sales of $992.30 million, with estimates ranging from $968.60 million to $1.02 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow US Ecology.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Thursday, August 6th. The business services provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). US Ecology had a positive return on equity of 4.11% and a negative net margin of 34.42%. The firm had revenue of $213.92 million for the quarter, compared to analysts’ expectations of $229.50 million.
A number of equities research analysts have weighed in on ECOL shares. UBS Group dropped their price target on shares of US Ecology from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, August 10th. ValuEngine upgraded shares of US Ecology from a “hold” rating to a “buy” rating in a research report on Thursday, July 2nd. BMO Capital Markets lifted their price objective on shares of US Ecology from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Monday, August 10th. Zacks Investment Research upgraded shares of US Ecology from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Monday, August 10th. Finally, BidaskClub upgraded shares of US Ecology from a “sell” rating to a “hold” rating in a report on Friday, July 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. US Ecology currently has an average rating of “Buy” and a consensus target price of $50.00.
Shares of ECOL stock opened at $34.48 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.48 and a quick ratio of 2.48. The firm’s 50-day moving average is $34.98 and its two-hundred day moving average is $33.55. US Ecology has a 12 month low of $24.94 and a 12 month high of $67.24. The company has a market capitalization of $1.09 billion, a PE ratio of -3.74 and a beta of 1.07.
In related news, Director E Renae Conley acquired 2,650 shares of US Ecology stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of $37.75 per share, for a total transaction of $100,037.50. Following the transaction, the director now owns 5,750 shares of the company’s stock, valued at $217,062.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. Clarkston Capital Partners LLC raised its position in US Ecology by 106.8% in the 2nd quarter. Clarkston Capital Partners LLC now owns 899,887 shares of the business services provider’s stock valued at $30,488,000 after purchasing an additional 464,666 shares during the last quarter. Vanguard Group Inc. grew its stake in US Ecology by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,846,394 shares of the business services provider’s stock valued at $62,556,000 after acquiring an additional 238,525 shares during the last quarter. Victory Capital Management Inc. grew its stake in US Ecology by 22.2% in the 1st quarter. Victory Capital Management Inc. now owns 1,110,058 shares of the business services provider’s stock valued at $33,746,000 after acquiring an additional 201,536 shares during the last quarter. Invesco Ltd. grew its stake in US Ecology by 580.4% in the 1st quarter. Invesco Ltd. now owns 232,165 shares of the business services provider’s stock valued at $7,058,000 after acquiring an additional 198,042 shares during the last quarter. Finally, Raymond James & Associates grew its stake in US Ecology by 214.9% in the 2nd quarter. Raymond James & Associates now owns 216,748 shares of the business services provider’s stock valued at $7,343,000 after acquiring an additional 147,917 shares during the last quarter. Institutional investors and hedge funds own 85.15% of the company’s stock.
About US Ecology
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, Europe, the Middle East, Africa, Mexico, internationally. It operates through two segments, Environmental Services, and Field & Industrial Services. The Environmental Services segment offers specialty material management services, including transportation, recycling, treatment, and disposal of hazardous, non-hazardous, E&P, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.
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