Wall Street analysts forecast that US Ecology, Inc. (NASDAQ:ECOL) will announce sales of $246.70 million for the current quarter, Zacks reports. Two analysts have issued estimates for US Ecology’s earnings. The lowest sales estimate is $243.40 million and the highest is $250.00 million. US Ecology reported sales of $241.07 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 24th.
According to Zacks, analysts expect that US Ecology will report full-year sales of $973.50 million for the current fiscal year, with estimates ranging from $970.00 million to $977.00 million. For the next fiscal year, analysts forecast that the firm will post sales of $1.03 billion, with estimates ranging from $1.02 billion to $1.03 billion. Zacks’ sales averages are an average based on a survey of research firms that cover US Ecology.
A number of equities research analysts have recently weighed in on ECOL shares. Zacks Investment Research lowered US Ecology from a “hold” rating to a “strong sell” rating in a research note on Friday, January 7th. StockNews.com lowered US Ecology from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, UBS Group lowered US Ecology from a “buy” rating to a “neutral” rating in a research note on Thursday, February 10th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, US Ecology presently has a consensus rating of “Hold” and an average target price of $36.67.
This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.
Take your trading to the next level with the Options Strategy Guide.
A number of large investors have recently made changes to their positions in ECOL. Marshall Wace LLP acquired a new position in US Ecology in the first quarter valued at approximately $77,000. Bank of Montreal Can lifted its holdings in US Ecology by 19.7% in the second quarter. Bank of Montreal Can now owns 10,427 shares of the business services provider’s stock valued at $394,000 after acquiring an additional 1,717 shares during the period. Geode Capital Management LLC lifted its holdings in US Ecology by 3.4% in the second 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 during the period. Northern Trust Corp lifted its holdings in US Ecology by 0.9% in the second quarter. Northern Trust Corp now owns 556,130 shares of the business services provider’s stock valued at $20,866,000 after acquiring an additional 4,726 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in US Ecology by 15.8% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 60,860 shares of the business services provider’s stock valued at $2,283,000 after acquiring an additional 8,300 shares during the period. 92.48% of the stock is owned by institutional investors.
ECOL opened at $47.05 on Friday. US Ecology has a 1 year low of $26.26 and a 1 year high of $47.80. The firm has a market capitalization of $1.48 billion, a PE ratio of -16.11 and a beta of 1.13. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.01 and a quick ratio of 2.01. The business’s 50-day moving average is $32.77 and its two-hundred day moving average is $33.88.
US Ecology Company Profile
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 includes 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.
Further Reading
Get a free copy of the Zacks research report on US Ecology (ECOL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in US Ecology right now?
Before you consider US Ecology, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and US Ecology wasn’t on the list.
While US Ecology currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
