US Ecology (NASDAQ:ECOL) updated its FY 2021 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $0.220-$0.410 for the period, compared to the Thomson Reuters consensus estimate of $0.340. The company issued revenue guidance of $960 million-$990 million, compared to the consensus revenue estimate of $963.05 million.
Several equities research analysts have commented on the company. Zacks Investment Research cut US Ecology from a hold rating to a sell rating in a research note on Wednesday, October 20th. BMO Capital Markets dropped their price objective on US Ecology from $40.00 to $38.00 and set a market perform rating on the stock in a research note on Wednesday, October 6th. Finally, Stifel Nicolaus cut US Ecology from a buy rating to a hold rating and dropped their price objective for the stock from $42.00 to $31.00 in a research note on Tuesday, October 19th.
ECOL opened at $34.96 on Friday. The firm has a market cap of $1.10 billion, a P/E ratio of -11.97 and a beta of 1.17. US Ecology has a 52-week low of $29.57 and a 52-week high of $45.72. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.01 and a current ratio of 2.01. The business’s fifty day moving average is $33.33 and its 200-day moving average is $35.72.
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 consensus estimate of $0.21 by $0.01. The company had revenue of $257.20 million for the quarter, compared to analyst estimates of $244.84 million. US Ecology had a positive return on equity of 2.24% and a negative net margin of 9.37%. US Ecology’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. On average, research analysts predict that US Ecology will post 0.32 earnings per share for the current fiscal year.
Nearly a decade ago, two ambitious entrepreneurs in the Seattle area saw the potential behind Washington State’s referendum to legalize recreational use of cannabis. They created a company that has seen sales grow 8X since inception. Now they’re poised to expand nationwide.
Several hedge funds have recently made changes to their positions in the stock. Millennium Management LLC raised its position in US Ecology by 66.5% in the third quarter. Millennium Management LLC now owns 23,177 shares of the business services provider’s stock valued at $750,000 after purchasing an additional 9,258 shares during the last quarter. Royal Bank of Canada raised its position in US Ecology by 42.2% in the third quarter. Royal Bank of Canada now owns 3,741 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Morgan Stanley raised its position in US Ecology by 89.4% in the second quarter. Morgan Stanley now owns 169,452 shares of the business services provider’s stock valued at $6,358,000 after purchasing an additional 79,964 shares during the last quarter. Institutional investors and hedge funds 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.
See Also: Debt-To-Equity Ratio
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