$132.10 Million in Sales Expected for US Ecology, Inc. (ECOL) This Quarter

Brokerages predict that US Ecology, Inc. (NASDAQ:ECOL) will report $132.10 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for US Ecology’s earnings, with estimates ranging from $129.50 million to $134.80 million. US Ecology reported sales of $117.17 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.7%. The company is scheduled to issue its next earnings results on Thursday, February 15th.

On average, analysts expect that US Ecology will report full-year sales of $132.10 million for the current fiscal year, with estimates ranging from $499.90 million to $505.10 million. For the next fiscal year, analysts forecast that the company will post sales of $532.32 million per share, with estimates ranging from $530.00 million to $537.78 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for US Ecology.

US Ecology (NASDAQ:ECOL) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.23). US Ecology had a net margin of 6.24% and a return on equity of 11.51%. The business had revenue of $135.05 million during the quarter, compared to analysts’ expectations of $135.29 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. US Ecology’s revenue was up 8.2% on a year-over-year basis.

A number of research firms recently commented on ECOL. Canaccord Genuity reiterated a “buy” rating and issued a $60.00 target price on shares of US Ecology in a research report on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $60.00 target price on shares of US Ecology in a research report on Friday, October 6th. BidaskClub downgraded US Ecology from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. BMO Capital Markets decreased their target price on US Ecology from $54.00 to $47.00 and set a “market perform” rating on the stock in a research report on Monday, October 30th. Finally, Zacks Investment Research downgraded US Ecology from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. US Ecology has an average rating of “Hold” and a consensus target price of $51.25.

In related news, Director Katina Dorton acquired 600 shares of US Ecology stock in a transaction on Friday, August 25th. The shares were bought at an average cost of $47.16 per share, with a total value of $28,296.00. Following the completion of the purchase, the director now directly owns 3,970 shares of the company’s stock, valued at approximately $187,225.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eric L. Gerratt sold 19,936 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $46.80, for a total value of $933,004.80. Following the sale, the chief financial officer now directly owns 31,447 shares in the company, valued at $1,471,719.60. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ECOL. Flinton Capital Management LLC increased its stake in US Ecology by 54.3% during the second quarter. Flinton Capital Management LLC now owns 1,988 shares of the business services provider’s stock worth $100,000 after acquiring an additional 700 shares during the last quarter. First Mercantile Trust Co. increased its stake in US Ecology by 2.0% during the second quarter. First Mercantile Trust Co. now owns 2,090 shares of the business services provider’s stock worth $106,000 after acquiring an additional 40 shares during the last quarter. Vestor Capital LLC bought a new stake in US Ecology during the second quarter worth approximately $116,000. Pinebridge Investments L.P. increased its stake in US Ecology by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 2,875 shares of the business services provider’s stock worth $145,000 after acquiring an additional 32 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in US Ecology by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,267 shares of the business services provider’s stock worth $165,000 after acquiring an additional 488 shares during the last quarter. 85.12% of the stock is currently owned by institutional investors.

Shares of US Ecology (NASDAQ:ECOL) traded down $0.25 during trading on Wednesday, hitting $44.85. The stock had a trading volume of 118,508 shares, compared to its average volume of 73,601. US Ecology has a fifty-two week low of $43.10 and a fifty-two week high of $55.75. The stock has a market capitalization of $999.60, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 5.65 and a beta of 0.70. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.94.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 20th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.61%. US Ecology’s dividend payout ratio is currently 60.00%.

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US Ecology Company Profile

US Ecology, Inc is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services.

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