Brokerages Anticipate Heritage-Crystal Clean, Inc. (HCCI) Will Post Quarterly Sales of $113.46 Million

Equities analysts forecast that Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) will post sales of $113.46 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Heritage-Crystal Clean’s earnings, with the highest sales estimate coming in at $115.05 million and the lowest estimate coming in at $112.10 million. Heritage-Crystal Clean reported sales of $106.75 million during the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that Heritage-Crystal Clean will report full-year sales of $113.46 million for the current year, with estimates ranging from $362.30 million to $365.22 million. For the next year, analysts forecast that the company will post sales of $387.69 million per share, with estimates ranging from $383.94 million to $393.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last issued its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). Heritage-Crystal Clean had a net margin of 5.56% and a return on equity of 6.76%. The firm had revenue of $83.33 million during the quarter, compared to analyst estimates of $85.32 million.

A number of research analysts recently weighed in on the company. Roth Capital set a $24.00 price objective on Heritage-Crystal Clean and gave the company a “buy” rating in a research note on Friday, October 20th. Robert W. Baird raised their price objective on Heritage-Crystal Clean from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Zacks Investment Research downgraded Heritage-Crystal Clean from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Stifel Nicolaus reissued a “buy” rating and issued a $23.00 price objective on shares of Heritage-Crystal Clean in a research note on Thursday, October 19th. Finally, BidaskClub raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Heritage-Crystal Clean has an average rating of “Buy” and a consensus price target of $22.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its position in Heritage-Crystal Clean by 0.8% in the 1st quarter. Wells Fargo & Company MN now owns 10,452 shares of the industrial products company’s stock worth $143,000 after buying an additional 85 shares during the period. Schwab Charles Investment Management Inc. increased its position in Heritage-Crystal Clean by 0.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 53,099 shares of the industrial products company’s stock worth $845,000 after buying an additional 399 shares during the period. American International Group Inc. increased its position in Heritage-Crystal Clean by 7.0% in the 1st quarter. American International Group Inc. now owns 7,852 shares of the industrial products company’s stock worth $108,000 after buying an additional 513 shares during the period. Nationwide Fund Advisors increased its position in Heritage-Crystal Clean by 10.0% in the 2nd quarter. Nationwide Fund Advisors now owns 8,497 shares of the industrial products company’s stock worth $135,000 after buying an additional 770 shares during the period. Finally, Teachers Advisors LLC increased its position in Heritage-Crystal Clean by 5.0% in the 2nd quarter. Teachers Advisors LLC now owns 23,336 shares of the industrial products company’s stock worth $371,000 after buying an additional 1,106 shares during the period. 55.59% of the stock is currently owned by institutional investors.

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Shares of Heritage-Crystal Clean (NASDAQ:HCCI) opened at 19.20 on Friday. The firm has a 50-day moving average of $20.77 and a 200 day moving average of $17.61. The firm has a market cap of $434.19 million, a P/E ratio of 25.07 and a beta of 2.09. Heritage-Crystal Clean has a 12 month low of $12.50 and a 12 month high of $22.21.

About Heritage-Crystal Clean

Heritage-Crystal Clean, Inc provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business.

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

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