US Ecology Inc (ECOL) Expected to Announce Quarterly Sales of $132.10 Million

Brokerages expect US Ecology Inc (NASDAQ:ECOL) to report $132.10 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for US Ecology’s earnings. The highest sales estimate is $134.80 million and the lowest is $129.50 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 expected 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 year, with estimates ranging from $499.90 million to $505.10 million. For the next fiscal year, analysts expect that the firm will post sales of $530.93 million per share, with estimates ranging from $530.00 million to $531.50 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover US Ecology.

US Ecology (NASDAQ:ECOL) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.23). The company had revenue of $135.05 million for the quarter, compared to analysts’ expectations of $135.29 million. US Ecology had a return on equity of 10.35% and a net margin of 5.39%. US Ecology’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share.

Several brokerages have commented on ECOL. Zacks Investment Research lowered shares of US Ecology from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and set a $60.00 target price on shares of US Ecology in a research report on Friday, October 6th. BMO Capital Markets restated a “hold” rating and set a $52.00 target price on shares of US Ecology in a research report on Wednesday. BidaskClub lowered shares of US Ecology from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Finally, Canaccord Genuity restated a “buy” rating and set a $57.00 target price (down from $60.00) on shares of US Ecology in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $53.80.

In related news, CEO Jeffrey R. Feeler sold 3,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $50.56, for a total value of $151,680.00. Following the sale, the chief executive officer now directly owns 54,925 shares in the company, valued at approximately $2,777,008. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in ECOL. Flinton Capital Management LLC boosted its position in shares of US Ecology by 54.3% in the 2nd quarter. Flinton Capital Management LLC now owns 1,988 shares of the business services provider’s stock worth $100,000 after buying an additional 700 shares in the last quarter. Pinebridge Investments L.P. boosted its position in shares of US Ecology by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,875 shares of the business services provider’s stock worth $145,000 after buying an additional 32 shares in the last quarter. YorkBridge Wealth Partners LLC purchased a new stake in shares of US Ecology in the 3rd quarter worth about $215,000. Susquehanna International Group LLP purchased a new stake in shares of US Ecology in the 2nd quarter worth about $229,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of US Ecology in the 2nd quarter worth about $238,000. Institutional investors and hedge funds own 87.59% of the company’s stock.

Shares of US Ecology (NASDAQ ECOL) traded up $0.95 during midday trading on Wednesday, hitting $52.95. 62,863 shares of the company’s stock traded hands, compared to its average volume of 86,606. The stock has a market cap of $1,160.00, a price-to-earnings ratio of 44.13 and a beta of 0.71. US Ecology has a 52 week low of $44.50 and a 52 week high of $55.75. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 19th were given a $0.18 dividend. The ex-dividend date was Thursday, January 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. US Ecology’s dividend payout ratio is presently 60.00%.

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About US Ecology

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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