$107.73 Million in Sales Expected for Heritage-Crystal Clean, Inc (NASDAQ:HCCI) This Quarter

Brokerages forecast that Heritage-Crystal Clean, Inc (NASDAQ:HCCI) will announce sales of $107.73 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Heritage-Crystal Clean’s earnings. The highest sales estimate is $109.63 million and the lowest is $104.40 million. Heritage-Crystal Clean posted sales of $79.52 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 35.5%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, July 28th.

According to Zacks, analysts expect that Heritage-Crystal Clean will report full-year sales of $458.33 million for the current financial year, with estimates ranging from $448.90 million to $465.48 million. For the next year, analysts expect that the firm will report sales of $474.92 million, with estimates ranging from $465.10 million to $479.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last released its earnings results on Tuesday, May 4th. The industrial products company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.18. Heritage-Crystal Clean had a return on equity of 4.70% and a net margin of 3.92%. The business had revenue of $105.38 million for the quarter, compared to the consensus estimate of $103.20 million.

Several equities research analysts recently commented on the company. Zacks Investment Research cut Heritage-Crystal Clean from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Barrington Research raised their target price on Heritage-Crystal Clean from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, May 20th. Finally, Robert W. Baird reissued a “buy” rating and set a $35.00 target price on shares of Heritage-Crystal Clean in a research note on Thursday, May 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $31.83.

NASDAQ:HCCI opened at $28.45 on Thursday. Heritage-Crystal Clean has a one year low of $12.60 and a one year high of $34.91. The firm has a market capitalization of $688.43 million, a PE ratio of 41.84, a PEG ratio of 1.18 and a beta of 1.24. The firm has a 50 day moving average of $29.78.

Several hedge funds and other institutional investors have recently modified their holdings of HCCI. FMR LLC grew its stake in shares of Heritage-Crystal Clean by 131.6% in the first quarter. FMR LLC now owns 785,000 shares of the industrial products company’s stock valued at $21,548,000 after buying an additional 446,000 shares in the last quarter. Royce & Associates LP boosted its holdings in Heritage-Crystal Clean by 56.8% in the first quarter. Royce & Associates LP now owns 968,780 shares of the industrial products company’s stock valued at $26,283,000 after purchasing an additional 350,922 shares during the period. Wasatch Advisors Inc. boosted its holdings in Heritage-Crystal Clean by 40.3% in the first quarter. Wasatch Advisors Inc. now owns 941,998 shares of the industrial products company’s stock valued at $25,556,000 after purchasing an additional 270,475 shares during the period. JPMorgan Chase & Co. boosted its holdings in Heritage-Crystal Clean by 1,087.4% in the fourth quarter. JPMorgan Chase & Co. now owns 174,878 shares of the industrial products company’s stock valued at $3,685,000 after purchasing an additional 160,150 shares during the period. Finally, Punch & Associates Investment Management Inc. boosted its holdings in Heritage-Crystal Clean by 40.8% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 270,600 shares of the industrial products company’s stock valued at $5,702,000 after purchasing an additional 78,450 shares during the period. 62.91% of the stock is owned by institutional investors and hedge funds.

About Heritage-Crystal Clean

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, hazardous and non-hazardous waste, and used oil collection services to small and mid-sized customers in the industrial and vehicle maintenance sectors in the United States and Canada. It operates in two segments, Environmental Services and Oil Business.

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