Zacks: Brokerages Anticipate US Ecology Inc (ECOL) Will Announce Quarterly Sales of $148.35 Million

Equities analysts expect US Ecology Inc (NASDAQ:ECOL) to post $148.35 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for US Ecology’s earnings, with the lowest sales estimate coming in at $145.70 million and the highest estimate coming in at $151.00 million. US Ecology posted sales of $133.70 million during the same quarter last year, which suggests a positive year over year growth rate of 11%. The firm is scheduled to announce its next earnings report on Thursday, February 21st.

On average, analysts expect that US Ecology will report full year sales of $556.50 million for the current year, with estimates ranging from $554.00 million to $559.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $613.45 million, with estimates ranging from $598.00 million to $628.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow US Ecology.

US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. US Ecology had a net margin of 12.30% and a return on equity of 15.68%. The business had revenue of $151.42 million for the quarter, compared to analyst estimates of $144.11 million. During the same quarter last year, the business earned $0.37 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis.

A number of research analysts recently commented on the stock. BMO Capital Markets lowered their price objective on shares of US Ecology to $71.00 and set a “reduce” rating on the stock in a research note on Wednesday, November 21st. BidaskClub upgraded shares of US Ecology from a “hold” rating to a “buy” rating in a research note on Tuesday, November 13th. Finally, Zacks Investment Research upgraded shares of US Ecology from a “hold” rating to a “strong-buy” rating and set a $79.00 price objective on the stock in a research note on Thursday, November 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $70.60.

Shares of NASDAQ ECOL traded up $1.73 during mid-day trading on Friday, reaching $69.67. 117,563 shares of the company traded hands, compared to its average volume of 87,548. US Ecology has a fifty-two week low of $44.90 and a fifty-two week high of $77.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market capitalization of $1.50 billion, a PE ratio of 40.51 and a beta of 0.51.

In related news, Director Stephen A. Romano sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $70.62, for a total transaction of $847,440.00. Following the transaction, the director now owns 12,695 shares in the company, valued at $896,520.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen A. Romano sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $75.05, for a total transaction of $150,100.00. Following the transaction, the director now owns 24,695 shares in the company, valued at approximately $1,853,359.75. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock worth $1,663,870 in the last quarter. Company insiders own 1.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in US Ecology in the third quarter worth approximately $191,000. Janney Montgomery Scott LLC acquired a new position in US Ecology in the third quarter worth approximately $206,000. Hartford Investment Management Co. acquired a new position in US Ecology in the third quarter worth approximately $207,000. Wealthsource Partners LLC acquired a new position in US Ecology in the third quarter worth approximately $221,000. Finally, Park National Corp OH acquired a new position in US Ecology in the third quarter worth approximately $221,000. Hedge funds and other institutional investors own 84.25% of the company’s stock.

About US Ecology

US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates in two segments, Environmental Services; and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous and non-hazardous waste at its landfill, wastewater, and other treatment facilities.

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