$107.75 Million in Sales Expected for Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) This Quarter

Equities analysts expect Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) to report sales of $107.75 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Heritage-Crystal Clean’s earnings. The lowest sales estimate is $102.73 million and the highest is $113.10 million. Heritage-Crystal Clean posted sales of $100.30 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.4%. The firm is expected to report its next quarterly earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that Heritage-Crystal Clean will report full year sales of $449.35 million for the current year, with estimates ranging from $438.46 million to $472.10 million. For the next financial year, analysts forecast that the company will post sales of $479.33 million, with estimates ranging from $467.21 million to $495.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). Heritage-Crystal Clean had a net margin of 2.92% and a return on equity of 6.17%. The business had revenue of $95.77 million during the quarter, compared to analyst estimates of $91.62 million.

A number of equities research analysts recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and set a $30.00 target price (up previously from $27.00) on shares of Heritage-Crystal Clean in a research report on Tuesday, May 7th. BidaskClub upgraded shares of Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Zacks Investment Research cut shares of Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. ValuEngine upgraded shares of Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Finally, Stifel Nicolaus cut shares of Heritage-Crystal Clean from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research report on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $28.33.

Institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP bought a new stake in shares of Heritage-Crystal Clean in the first quarter worth $783,000. FMR LLC raised its position in Heritage-Crystal Clean by 131.6% during the first quarter. FMR LLC now owns 785,000 shares of the industrial products company’s stock worth $21,548,000 after acquiring an additional 446,000 shares in the last quarter. Marshall Wace LLP bought a new stake in Heritage-Crystal Clean during the first quarter worth $455,000. Vivaldi Asset Management LLC bought a new stake in Heritage-Crystal Clean during the first quarter worth $2,204,000. Finally, Walthausen & Co. LLC raised its position in Heritage-Crystal Clean by 1.3% during the first quarter. Walthausen & Co. LLC now owns 433,750 shares of the industrial products company’s stock worth $11,906,000 after acquiring an additional 5,430 shares in the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

Shares of Heritage-Crystal Clean stock opened at $26.23 on Friday. The stock has a market cap of $591.78 million, a P/E ratio of 38.57, a PEG ratio of 1.60 and a beta of 1.50. The company has a quick ratio of 1.39, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. Heritage-Crystal Clean has a 12-month low of $18.85 and a 12-month high of $29.01.

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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