Wall Street brokerages forecast that US Ecology, Inc. (NASDAQ:ECOL) will announce $247.70 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for US Ecology’s earnings, with estimates ranging from $243.40 million to $252.00 million. US Ecology posted sales of $241.07 million in the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 24th.
On average, analysts expect that US Ecology will report full year sales of $974.00 million for the current financial year, with estimates ranging from $970.00 million to $978.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $1.03 billion, with estimates ranging from $1.02 billion to $1.03 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow US Ecology.
US Ecology (NASDAQ:ECOL) last released its earnings results on Friday, November 5th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $257.20 million for the quarter, compared to analysts’ expectations of $244.84 million. US Ecology had a positive return on equity of 2.24% and a negative net margin of 9.37%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS.
Several analysts recently issued reports on the company. Stifel Nicolaus downgraded US Ecology from a “buy” rating to a “hold” rating and lowered their price target for the company from $42.00 to $31.00 in a report on Tuesday, October 19th. BMO Capital Markets decreased their price target on US Ecology from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, October 6th. Finally, Zacks Investment Research cut shares of US Ecology from a “hold” rating to a “sell” rating in a report on Wednesday, October 20th.
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Shares of US Ecology stock opened at $30.68 on Monday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.22. The firm has a market cap of $966.79 million, a PE ratio of -10.51 and a beta of 1.14. The business’s fifty day moving average is $33.64 and its two-hundred day moving average is $35.20. US Ecology has a fifty-two week low of $29.57 and a fifty-two week high of $45.72.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in shares of US Ecology by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 541,745 shares of the business services provider’s stock valued at $20,326,000 after acquiring an additional 17,580 shares in the last quarter. Eagle Asset Management Inc. lifted its position in US Ecology by 4.4% during the 2nd quarter. Eagle Asset Management Inc. now owns 126,725 shares of the business services provider’s stock worth $4,754,000 after acquiring an additional 5,317 shares during the last quarter. Berman Capital Advisors LLC lifted its position in US Ecology by 60.7% during the 3rd quarter. Berman Capital Advisors LLC now owns 1,138 shares of the business services provider’s stock worth $36,000 after acquiring an additional 430 shares during the last quarter. Metropolitan Life Insurance Co NY raised its position in shares of US Ecology by 108,455.6% during the second quarter. Metropolitan Life Insurance Co NY now owns 9,770 shares of the business services provider’s stock valued at $367,000 after buying an additional 9,761 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of US Ecology during the second quarter valued at about $506,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.
About US Ecology
US Ecology, Inc engages in the provision of environmental services to commercial and government entities. It operates through the following segments: Waste Solutions; Field Services; and Energy Waste. The Waste Solutions segment include a range of specialty material management services including transportation, recycling, treatment and disposal of hazardous, non-hazardous, E&P and radioactive waste at company-owned landfill, wastewater, deep-well injection, and other treatment facilities.
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