Brokerages Anticipate US Ecology Inc (NASDAQ:ECOL) to Post $0.63 EPS

Equities analysts expect US Ecology Inc (NASDAQ:ECOL) to announce $0.63 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for US Ecology’s earnings. US Ecology reported earnings of $0.61 per share in the same quarter last year, which would indicate a positive year over year growth rate of 3.3%. The firm is expected to announce its next quarterly earnings results on Thursday, August 1st.

On average, analysts expect that US Ecology will report full year earnings of $2.23 per share for the current fiscal year, with EPS estimates ranging from $2.21 to $2.25. For the next year, analysts forecast that the company will post earnings of $2.52 per share, with EPS estimates ranging from $2.49 to $2.55. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow US Ecology.

US Ecology (NASDAQ:ECOL) last announced its earnings results on Thursday, May 2nd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.10). The firm had revenue of $131.00 million during the quarter, compared to analyst estimates of $130.90 million. US Ecology had a net margin of 8.39% and a return on equity of 13.59%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share.

A number of brokerages recently issued reports on ECOL. BidaskClub raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a research report on Friday, June 21st. UBS Group reissued a “hold” rating on shares of Deutsche Bank in a research report on Thursday, April 4th. Finally, Zacks Investment Research downgraded Heritage Insurance from a “hold” rating to a “strong sell” rating in a research note on Friday, April 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.20.

Shares of NASDAQ ECOL traded up $1.07 during trading hours on Wednesday, reaching $62.00. The stock had a trading volume of 99,247 shares, compared to its average volume of 111,514. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 26.72 and a beta of 0.48. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.13 and a current ratio of 2.13. US Ecology has a fifty-two week low of $54.24 and a fifty-two week high of $77.15. The business’s 50-day simple moving average is $60.31.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 19th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, July 18th. US Ecology’s dividend payout ratio is presently 31.03%.

A number of institutional investors and hedge funds have recently bought and sold shares of ECOL. Norges Bank purchased a new stake in US Ecology during the 4th quarter valued at approximately $12,049,000. Nordea Investment Management AB purchased a new stake in US Ecology during the 1st quarter valued at approximately $3,932,000. Syquant Capital Sas purchased a new stake in US Ecology during the 2nd quarter valued at approximately $1,881,000. Geode Capital Management LLC raised its stake in US Ecology by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 254,447 shares of the business services provider’s stock valued at $16,025,000 after acquiring an additional 22,292 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in US Ecology during the 1st quarter valued at approximately $1,147,000. 82.42% of the stock is owned by hedge funds and other institutional investors.

US Ecology Company Profile

US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates through 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, non-hazardous, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.

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