Brokerages forecast that US Ecology Inc (NASDAQ:ECOL) will announce sales of $239.85 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for US Ecology’s earnings. The highest sales estimate is $242.00 million and the lowest is $237.70 million. US Ecology posted sales of $157.54 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 52.2%. The firm is expected to report its next earnings report on Thursday, February 20th.
According to Zacks, analysts expect that US Ecology will report full year sales of $694.00 million for the current financial year, with estimates ranging from $692.00 million to $696.00 million. For the next financial year, analysts anticipate that the company will report sales of $1.12 billion, with estimates ranging from $1.11 billion to $1.13 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for US Ecology.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Wednesday, October 30th. The business services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. US Ecology had a return on equity of 13.61% and a net margin of 8.22%. The firm had revenue of $167.40 million for the quarter, compared to the consensus estimate of $161.25 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year.
ECOL has been the topic of a number of recent research reports. Zacks Investment Research downgraded US Ecology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th. UBS Group decreased their price target on US Ecology from $63.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. BidaskClub downgraded US Ecology from a “sell” rating to a “strong sell” rating in a research note on Friday, November 15th. Finally, ValuEngine downgraded US Ecology from a “buy” rating to a “hold” rating in a research note on Thursday, November 21st.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GW&K Investment Management LLC boosted its stake in shares of US Ecology by 8.2% during the 3rd quarter. GW&K Investment Management LLC now owns 483,020 shares of the business services provider’s stock worth $30,884,000 after acquiring an additional 36,751 shares in the last quarter. SG Americas Securities LLC boosted its stake in US Ecology by 510.3% during the 3rd quarter. SG Americas Securities LLC now owns 14,756 shares of the business services provider’s stock valued at $943,000 after purchasing an additional 12,338 shares during the period. First Trust Advisors LP boosted its stake in US Ecology by 44.8% during the 3rd quarter. First Trust Advisors LP now owns 62,567 shares of the business services provider’s stock valued at $4,001,000 after purchasing an additional 19,347 shares during the period. First Mercantile Trust Co. boosted its stake in US Ecology by 11.6% during the 3rd quarter. First Mercantile Trust Co. now owns 1,685 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 175 shares during the period. Finally, Congress Asset Management Co. MA boosted its stake in US Ecology by 2.7% during the 3rd quarter. Congress Asset Management Co. MA now owns 55,862 shares of the business services provider’s stock valued at $3,572,000 after purchasing an additional 1,475 shares during the period. Institutional investors own 87.30% of the company’s stock.
Shares of NASDAQ ECOL opened at $54.72 on Tuesday. The business’s 50-day moving average price is $60.89 and its two-hundred day moving average price is $60.92. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.03 and a quick ratio of 2.03. US Ecology has a one year low of $53.48 and a one year high of $70.48. The company has a market capitalization of $1.19 billion, a P/E ratio of 23.59 and a beta of 0.53.
US Ecology Company Profile
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates through two segments, Environmental Services, and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous, non-hazardous, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.
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