Zacks: Analysts Expect US Ecology, Inc. (NASDAQ:ECOL) Will Announce Earnings of $0.16 Per Share

Equities research analysts predict that US Ecology, Inc. (NASDAQ:ECOL) will report $0.16 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for US Ecology’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.17. US Ecology posted earnings per share of ($0.08) during the same quarter last year, which indicates a positive year over year growth rate of 300%. The business is expected to issue its next earnings results after the market closes on Thursday, July 29th.

On average, analysts expect that US Ecology will report full year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.81 to $0.84. For the next financial year, analysts anticipate that the company will post earnings of $1.33 per share, with EPS estimates ranging from $1.27 to $1.38. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover US Ecology.

US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Thursday, April 29th. The business services provider reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.03. The firm had revenue of $228.62 million during the quarter, compared to analysts’ expectations of $226.30 million. US Ecology had a positive return on equity of 1.40% and a negative net margin of 9.99%.

A number of research firms have weighed in on ECOL. TheStreet upgraded US Ecology from a “d+” rating to a “c” rating in a report on Friday, April 30th. Zacks Investment Research raised US Ecology from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Friday, July 9th.

NASDAQ ECOL traded down $0.29 on Friday, reaching $36.91. The company had a trading volume of 1,183 shares, compared to its average volume of 142,719. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 127.35 and a beta of 1.19. US Ecology has a 1 year low of $29.89 and a 1 year high of $45.72. The firm’s 50-day moving average is $38.16. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.28.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of US Ecology by 5.0% in the 1st quarter. BlackRock Inc. now owns 5,076,967 shares of the business services provider’s stock valued at $211,405,000 after purchasing an additional 243,136 shares in the last quarter. WCM Investment Management LLC raised its position in shares of US Ecology by 14.6% in the 1st quarter. WCM Investment Management LLC now owns 421,762 shares of the business services provider’s stock valued at $17,562,000 after purchasing an additional 53,743 shares in the last quarter. Heartland Advisors Inc. raised its position in shares of US Ecology by 50.0% during the 1st quarter. Heartland Advisors Inc. now owns 150,000 shares of the business services provider’s stock valued at $6,246,000 after acquiring an additional 50,000 shares in the last quarter. Oak Family Advisors LLC acquired a new stake in shares of US Ecology during the 1st quarter valued at approximately $498,000. Finally, Morgan Stanley raised its position in shares of US Ecology by 17.5% during the 4th quarter. Morgan Stanley now owns 113,204 shares of the business services provider’s stock valued at $4,113,000 after acquiring an additional 16,839 shares in the last quarter. 88.53% of the stock is currently owned by 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, Europe, the Middle East, Africa, Mexico, internationally. It operates through three segments: Waste Solutions, Field Services, and Energy Waste. The Waste Solutions segment offers specialty waste management services, including treatment, disposal, beneficial re-use, and recycling of hazardous, non-hazardous, and other specialty waste at company-owned treatment, storage, and disposal facilities, as well as wastewater treatment services.

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