FY2024 EPS Estimates for Clean Harbors Lowered by Analyst

Clean Harbors, Inc. (NYSE:CLH) – Research analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for Clean Harbors in a report released on Wednesday, November 20th. Zacks Research analyst S. Goswami now forecasts that the business services provider will earn $7.22 per share for the year, down from their previous estimate of $7.65. The consensus estimate for Clean Harbors’ current full-year earnings is $7.21 per share. Zacks Research also issued estimates for Clean Harbors’ Q4 2024 earnings at $1.35 EPS, Q1 2025 earnings at $1.36 EPS, Q4 2025 earnings at $1.73 EPS, FY2025 earnings at $7.89 EPS and Q1 2026 earnings at $2.06 EPS.

A number of other brokerages also recently weighed in on CLH. Robert W. Baird lowered their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Oppenheimer boosted their price target on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Needham & Company LLC lowered their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Truist Financial boosted their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $254.33.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $259.99 on Monday. The business’s 50 day moving average price is $250.15 and its two-hundred day moving average price is $235.60. The company has a market cap of $14.01 billion, a PE ratio of 33.85 and a beta of 1.20. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors has a twelve month low of $158.42 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. Clean Harbors’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $1.68 EPS.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Tidal Investments LLC lifted its stake in shares of Clean Harbors by 30.2% in the 3rd quarter. Tidal Investments LLC now owns 16,635 shares of the business services provider’s stock valued at $4,021,000 after acquiring an additional 3,862 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Clean Harbors in the 3rd quarter valued at $108,000. Sanctuary Advisors LLC lifted its stake in shares of Clean Harbors by 60.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,169 shares of the business services provider’s stock valued at $548,000 after acquiring an additional 820 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Clean Harbors in the 3rd quarter valued at $343,000. Finally, TD Private Client Wealth LLC lifted its stake in shares of Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 87 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 308 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $249.78, for a total transaction of $76,932.24. Following the completion of the sale, the director now directly owns 12,842 shares in the company, valued at $3,207,674.76. This represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $250.42, for a total value of $1,515,291.42. Following the completion of the transaction, the chief executive officer now owns 55,657 shares of the company’s stock, valued at $13,937,625.94. The trade was a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,586 shares of company stock valued at $4,351,841 over the last 90 days. 5.90% of the stock is owned by corporate insiders.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.