Zacks: Analysts Expect Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) to Post -$0.21 Earnings Per Share

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Wall Street brokerages predict that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will report earnings per share (EPS) of ($0.21) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Heritage-Crystal Clean’s earnings, with the lowest EPS estimate coming in at ($0.27) and the highest estimate coming in at ($0.06). Heritage-Crystal Clean reported earnings per share of $0.35 during the same quarter last year, which indicates a negative year over year growth rate of 160%. The business is expected to issue its next earnings results on Wednesday, July 22nd.

According to Zacks, analysts expect that Heritage-Crystal Clean will report full year earnings of $0.05 per share for the current financial year, with EPS estimates ranging from ($0.17) to $0.41. For the next financial year, analysts expect that the company will report earnings of $0.80 per share, with EPS estimates ranging from $0.67 to $1.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.10. Heritage-Crystal Clean had a return on equity of 10.18% and a net margin of 3.55%. The company had revenue of $107.26 million during the quarter, compared to the consensus estimate of $106.40 million.

Several equities research analysts have recently weighed in on the company. BidaskClub raised Heritage-Crystal Clean from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Stifel Nicolaus reduced their price target on Heritage-Crystal Clean from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, May 1st. Roth Capital reduced their price target on Heritage-Crystal Clean from $32.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Zacks Investment Research raised Heritage-Crystal Clean from a “sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Barrington Research reissued a “buy” rating and issued a $22.00 price target on shares of Heritage-Crystal Clean in a report on Wednesday, May 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $26.20.

Shares of NASDAQ HCCI traded up $0.42 on Thursday, hitting $16.83. The company had a trading volume of 921 shares, compared to its average volume of 53,095. Heritage-Crystal Clean has a 12-month low of $11.30 and a 12-month high of $32.58. The business has a 50 day moving average of $16.83 and a two-hundred day moving average of $24.17. The company has a quick ratio of 1.42, a current ratio of 1.77 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $394.45 million, a P/E ratio of 23.78, a PEG ratio of 21.54 and a beta of 1.63.

In other news, CEO Brian Recatto acquired 3,500 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $13.95 per share, for a total transaction of $48,825.00. Following the completion of the purchase, the chief executive officer now directly owns 514,009 shares of the company’s stock, valued at approximately $7,170,425.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Citigroup Inc. raised its position in shares of Heritage-Crystal Clean by 766.9% during the 4th quarter. Citigroup Inc. now owns 17,789 shares of the industrial products company’s stock worth $558,000 after purchasing an additional 15,737 shares during the period. State Street Corp raised its position in shares of Heritage-Crystal Clean by 3.7% during the 3rd quarter. State Street Corp now owns 301,044 shares of the industrial products company’s stock worth $7,978,000 after purchasing an additional 10,791 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Heritage-Crystal Clean by 23.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 49,003 shares of the industrial products company’s stock worth $1,537,000 after purchasing an additional 9,313 shares during the period. FMR LLC raised its position in shares of Heritage-Crystal Clean by 23.2% during the 4th quarter. FMR LLC now owns 1,089,388 shares of the industrial products company’s stock worth $34,174,000 after purchasing an additional 205,401 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Heritage-Crystal Clean by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,640 shares of the industrial products company’s stock worth $2,467,000 after purchasing an additional 999 shares during the period. Institutional investors and hedge funds own 63.11% of the company’s stock.

Heritage-Crystal Clean Company Profile

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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