Heritage-Crystal Clean (NASDAQ:HCCI) Announces Earnings Results, Misses Estimates By $0.04 EPS

Heritage-Crystal Clean (NASDAQ:HCCI) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.04), Bloomberg Earnings reports. Heritage-Crystal Clean had a return on equity of 6.86% and a net margin of 3.01%. The business had revenue of $104.84 million for the quarter, compared to the consensus estimate of $104.06 million.

Shares of NASDAQ:HCCI opened at $26.95 on Friday. Heritage-Crystal Clean has a 12-month low of $20.47 and a 12-month high of $29.01. The stock has a market cap of $624.39 million, a PE ratio of 39.63, a P/E/G ratio of 1.65 and a beta of 1.47. The business has a 50 day moving average of $25.38 and a 200-day moving average of $26.37. The company has a quick ratio of 1.45, a current ratio of 1.98 and a debt-to-equity ratio of 0.33.

In other news, Director Robert W. Willmschen, Jr. sold 4,296 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $27.25, for a total transaction of $117,066.00. Following the completion of the sale, the director now owns 47,689 shares in the company, valued at $1,299,525.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Ellie Bruce sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $25.05, for a total value of $50,100.00. Following the sale, the vice president now owns 78,478 shares of the company’s stock, valued at approximately $1,965,873.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,796 shares of company stock valued at $232,716. Corporate insiders own 8.40% of the company’s stock.

A number of equities analysts recently commented on HCCI shares. BidaskClub upgraded Heritage-Crystal Clean from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 25th. Barrington Research set a $31.00 price target on Heritage-Crystal Clean and gave the stock a “buy” rating in a report on Tuesday. ValuEngine cut Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, Zacks Investment Research cut Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $29.80.

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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Earnings History for Heritage-Crystal Clean (NASDAQ:HCCI)

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