Brokerages expect US Ecology Inc (NASDAQ:ECOL) to post sales of $239.85 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for US Ecology’s earnings, with the highest sales estimate coming in at $242.00 million and the lowest estimate coming in at $237.70 million. US Ecology reported sales of $157.54 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 52.2%. The firm is expected to report its next earnings report on Thursday, February 20th.
On average, 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 forecast that the company will post sales of $1.12 billion, with estimates ranging from $1.11 billion to $1.13 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover US Ecology.
US Ecology (NASDAQ:ECOL) last announced its earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. The firm had revenue of $167.40 million during the quarter, compared to the consensus estimate of $161.25 million. US Ecology had a return on equity of 13.61% and a net margin of 8.22%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 EPS.
A number of research firms recently weighed in on ECOL. ValuEngine downgraded US Ecology from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. BidaskClub downgraded shares of US Ecology from a “sell” rating to a “strong sell” rating in a research note on Friday, November 15th. UBS Group set a $63.00 target price on shares of US Ecology and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research cut shares of US Ecology from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th.
Shares of ECOL stock traded down $0.25 during trading hours on Wednesday, reaching $56.99. 9,041 shares of the company’s stock were exchanged, compared to its average volume of 181,894. The business has a fifty day moving average price of $56.81 and a 200-day moving average price of $60.62. The stock has a market capitalization of $1.26 billion, a P/E ratio of 24.63 and a beta of 0.54. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.95. US Ecology has a fifty-two week low of $53.48 and a fifty-two week high of $67.24.
Several large investors have recently modified their holdings of ECOL. Marshall Wace LLP bought a new stake in US Ecology in the 1st quarter valued at approximately $77,000. Keybank National Association OH acquired a new position in US Ecology during the second quarter worth $612,000. Envestnet Asset Management Inc. boosted its holdings in US Ecology by 11.7% during the second quarter. Envestnet Asset Management Inc. now owns 4,180 shares of the business services provider’s stock worth $249,000 after purchasing an additional 438 shares during the last quarter. Swiss National Bank boosted its holdings in US Ecology by 2.0% during the second quarter. Swiss National Bank now owns 41,000 shares of the business services provider’s stock worth $2,441,000 after purchasing an additional 800 shares during the last quarter. Finally, Mondrian Investment Partners LTD grew its position in US Ecology by 14.4% in the second quarter. Mondrian Investment Partners LTD now owns 83,289 shares of the business services provider’s stock valued at $4,959,000 after purchasing an additional 10,458 shares in the last quarter. Institutional investors and hedge funds own 89.44% of the company’s stock.
About US Ecology
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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