$72.88 Million in Sales Expected for Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) This Quarter

Brokerages expect Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) to post $72.88 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Heritage-Crystal Clean’s earnings. The highest sales estimate is $82.60 million and the lowest is $68.17 million. Heritage-Crystal Clean reported sales of $105.00 million during the same quarter last year, which would suggest a negative year over year growth rate of 30.6%. The business is expected to announce its next quarterly earnings report on Wednesday, July 22nd.

According to Zacks, analysts expect that Heritage-Crystal Clean will report full-year sales of $382.84 million for the current financial year, with estimates ranging from $357.71 million to $419.30 million. For the next year, analysts expect that the company will post sales of $431.41 million, with estimates ranging from $421.83 million to $447.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Heritage-Crystal Clean.

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

Several research firms have commented on HCCI. Stifel Nicolaus decreased their target price on shares of Heritage-Crystal Clean from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Needham & Company LLC raised shares of Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Friday, June 19th. Zacks Investment Research downgraded shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research report on Thursday, June 18th. BidaskClub downgraded shares of Heritage-Crystal Clean from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 4th. Finally, Roth Capital decreased their price objective on shares of Heritage-Crystal Clean from $32.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $23.00.

In other news, CEO Brian Recatto acquired 3,500 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $13.95 per share, with a total value of $48,825.00. Following the acquisition, the chief executive officer now owns 514,009 shares in the company, valued at $7,170,425.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.20% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its holdings in Heritage-Crystal Clean by 131.6% in the 1st quarter. FMR LLC now owns 785,000 shares of the industrial products company’s stock valued at $21,548,000 after purchasing an additional 446,000 shares during the period. THB Asset Management bought a new stake in Heritage-Crystal Clean in the 4th quarter valued at $6,667,000. ArrowMark Colorado Holdings LLC boosted its holdings in Heritage-Crystal Clean by 4.4% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,791,021 shares of the industrial products company’s stock valued at $87,554,000 after purchasing an additional 117,675 shares during the period. Wasatch Advisors Inc. boosted its holdings in Heritage-Crystal Clean by 19.5% in the 1st quarter. Wasatch Advisors Inc. now owns 413,786 shares of the industrial products company’s stock valued at $6,720,000 after purchasing an additional 67,647 shares during the period. Finally, First Trust Advisors LP bought a new stake in Heritage-Crystal Clean in the 1st quarter valued at $783,000. 63.11% of the stock is owned by institutional investors and hedge funds.

HCCI stock traded down $0.95 during trading hours on Monday, hitting $16.36. The company’s stock had a trading volume of 220,569 shares, compared to its average volume of 53,544. 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 company has a market capitalization of $402.60 million, a PE ratio of 15.32, a price-to-earnings-growth ratio of 21.98 and a beta of 1.62. Heritage-Crystal Clean has a 12 month low of $11.30 and a 12 month high of $32.58. The stock has a 50 day moving average price of $17.03 and a two-hundred day moving average price of $22.66.

About Heritage-Crystal Clean

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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