Wall Street brokerages expect US Ecology Inc (NASDAQ:ECOL) to announce earnings per share (EPS) of $0.66 for the current quarter, Zacks reports. Two analysts have issued estimates for US Ecology’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.71. US Ecology reported earnings of $0.73 per share during the same quarter last year, which indicates a negative year over year growth rate of 9.6%. The firm is scheduled to report its next earnings report after the market closes on Thursday, February 21st.
According to Zacks, analysts expect that US Ecology will report full year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.28 to $2.39. For the next financial year, analysts forecast that the company will report earnings of $2.56 per share, with EPS estimates ranging from $2.42 to $2.69. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow US Ecology.
ECOL has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their target price on shares of US Ecology from $76.00 to $74.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 6th. BidaskClub cut shares of US Ecology from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Finally, Zacks Investment Research cut shares of US Ecology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $70.60.
Large investors have recently modified their holdings of the business. Congress Asset Management Co. MA increased its stake in US Ecology by 56.9% during the third quarter. Congress Asset Management Co. MA now owns 55,395 shares of the business services provider’s stock worth $4,085,000 after purchasing an additional 20,087 shares during the period. Renaissance Technologies LLC increased its stake in shares of US Ecology by 61.2% during the third quarter. Renaissance Technologies LLC now owns 66,400 shares of the business services provider’s stock worth $4,897,000 after buying an additional 25,200 shares during the period. Vanguard Group Inc increased its stake in shares of US Ecology by 1.4% during the third quarter. Vanguard Group Inc now owns 1,312,412 shares of the business services provider’s stock worth $96,791,000 after buying an additional 18,070 shares during the period. Bessemer Group Inc. purchased a new stake in shares of US Ecology during the third quarter worth approximately $1,166,000. Finally, Northern Trust Corp increased its stake in shares of US Ecology by 2.3% during the second quarter. Northern Trust Corp now owns 319,867 shares of the business services provider’s stock worth $20,375,000 after buying an additional 7,306 shares during the period. Institutional investors own 83.14% of the company’s stock.
NASDAQ ECOL traded down $0.81 during trading hours on Thursday, reaching $62.22. The company had a trading volume of 175,682 shares, compared to its average volume of 107,249. US Ecology has a 1-year low of $45.25 and a 1-year 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 stock has a market capitalization of $1.39 billion, a P/E ratio of 36.17 and a beta of 0.54.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Friday, January 18th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, January 17th. This represents a $0.72 dividend on an annualized basis and a yield of 1.16%. US Ecology’s dividend payout ratio (DPR) is presently 41.86%.
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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