US Ecology, Inc. (ECOL) Expected to Post Quarterly Sales of $132.10 Million

Equities research analysts expect US Ecology, Inc. (NASDAQ:ECOL) to announce sales of $132.10 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for US Ecology’s earnings. The highest sales estimate is $134.80 million and the lowest is $129.50 million. US Ecology posted sales of $117.17 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.7%. The firm is scheduled to announce its next earnings results on Thursday, February 15th.

According to Zacks, analysts expect that US Ecology will report full year sales of $132.10 million for the current fiscal year, with estimates ranging from $499.90 million to $505.10 million. For the next financial year, analysts forecast that the firm will post sales of $530.50 million per share, with estimates ranging from $530.00 million to $531.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for US Ecology.

US Ecology (NASDAQ:ECOL) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.23). US Ecology had a return on equity of 10.35% and a net margin of 5.39%. The business had revenue of $135.05 million during the quarter, compared to analysts’ expectations of $135.29 million. During the same quarter last year, the business posted $0.47 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year.

Several research analysts have recently issued reports on the company. Canaccord Genuity reissued a “buy” rating and issued a $60.00 target price on shares of US Ecology in a research report on Friday, September 8th. Stifel Nicolaus reissued a “buy” rating and issued a $60.00 target price on shares of US Ecology in a research report on Friday, October 6th. BMO Capital Markets decreased their target price on US Ecology from $54.00 to $47.00 and set a “market perform” rating for the company in a research report on Monday, October 30th. Zacks Investment Research lowered US Ecology from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, BidaskClub lowered US Ecology from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. US Ecology has a consensus rating of “Hold” and an average target price of $51.25.

US Ecology (NASDAQ ECOL) traded down $0.45 during midday trading on Monday, reaching $51.00. The company’s stock had a trading volume of 64,900 shares, compared to its average volume of 73,755. US Ecology has a 1-year low of $44.50 and a 1-year high of $55.75. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.94. The stock has a market cap of $1,114.31, a PE ratio of 38.06 and a beta of 0.71.

Several institutional investors have recently bought and sold shares of the business. Pinebridge Investments L.P. increased its holdings in shares of US Ecology by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,875 shares of the business services provider’s stock worth $145,000 after purchasing an additional 32 shares in the last quarter. First Mercantile Trust Co. increased its holdings in shares of US Ecology by 2.0% in the 2nd quarter. First Mercantile Trust Co. now owns 2,090 shares of the business services provider’s stock worth $106,000 after purchasing an additional 40 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of US Ecology by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,052 shares of the business services provider’s stock worth $861,000 after purchasing an additional 77 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of US Ecology by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 15,933 shares of the business services provider’s stock worth $805,000 after purchasing an additional 149 shares in the last quarter. Finally, WCM Investment Management CA boosted its stake in shares of US Ecology by 2.8% in the 2nd quarter. WCM Investment Management CA now owns 7,402 shares of the business services provider’s stock worth $374,000 after buying an additional 205 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

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About US Ecology

US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.

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Earnings History and Estimates for US Ecology (NASDAQ:ECOL)

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