$72.88 Million in Sales Expected for Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) This Quarter

Wall Street analysts expect Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) to announce sales of $72.88 million for the current quarter, according to Zacks. Four analysts have made estimates for Heritage-Crystal Clean’s earnings. The highest sales estimate is $82.60 million and the lowest is $68.17 million. Heritage-Crystal Clean reported sales of $105.00 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 30.6%. The business is expected to announce its next quarterly earnings report on Wednesday, July 22nd.

On average, analysts expect that Heritage-Crystal Clean will report full-year sales of $382.84 million for the current fiscal year, with estimates ranging from $357.71 million to $419.30 million. For the next fiscal year, analysts forecast that the company will report sales of $431.41 million, with estimates ranging from $421.83 million to $447.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Heritage-Crystal Clean.

Heritage-Crystal Clean (NASDAQ:HCCI) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.10. The company had revenue of $107.26 million for the quarter, compared to the consensus estimate of $106.40 million. Heritage-Crystal Clean had a net margin of 3.55% and a return on equity of 10.18%.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded Heritage-Crystal Clean from a “buy” rating to a “hold” rating in a research note on Thursday, June 18th. Barrington Research reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Heritage-Crystal Clean in a research note on Wednesday, May 6th. Needham & Company LLC raised Heritage-Crystal Clean from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Friday, June 19th. Stifel Nicolaus reduced their target price on Heritage-Crystal Clean from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Finally, BidaskClub cut Heritage-Crystal Clean from a “sell” rating to a “strong sell” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Heritage-Crystal Clean has a consensus rating of “Hold” and a consensus target price of $23.00.

In other Heritage-Crystal Clean news, CEO Brian Recatto bought 3,500 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $13.95 per share, with a total value of $48,825.00. Following the transaction, the chief executive officer now directly owns 514,009 shares in the company, valued at approximately $7,170,425.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 8.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Bank of Montreal Can grew its stake in shares of Heritage-Crystal Clean by 42.7% during the 4th quarter. Bank of Montreal Can now owns 1,881 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 563 shares during the period. Sheets Smith Wealth Management grew its stake in shares of Heritage-Crystal Clean by 5.4% during the 1st quarter. Sheets Smith Wealth Management now owns 13,229 shares of the industrial products company’s stock worth $215,000 after acquiring an additional 683 shares during the period. Swiss National Bank grew its stake in shares of Heritage-Crystal Clean by 2.5% during the 4th quarter. Swiss National Bank now owns 28,900 shares of the industrial products company’s stock worth $907,000 after acquiring an additional 700 shares during the period. Great West Life Assurance Co. Can bought a new position in shares of Heritage-Crystal Clean during the 4th quarter worth $31,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Heritage-Crystal Clean by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,640 shares of the industrial products company’s stock worth $2,467,000 after acquiring an additional 999 shares during the period. Institutional investors own 63.11% of the company’s stock.

HCCI stock traded down $0.95 during midday trading on Monday, reaching $16.36. 220,569 shares of the company were exchanged, compared to its average volume of 53,544. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.77 and a quick ratio of 1.42. The business has a 50-day moving average price of $17.03 and a two-hundred day moving average price of $22.66. Heritage-Crystal Clean has a one year low of $11.30 and a one year high of $32.58. The firm has a market capitalization of $402.60 million, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 21.98 and a beta of 1.62.

About Heritage-Crystal Clean

Heritage-Crystal Clean, Inc, through its subsidiary, Heritage-Crystal Clean, LLC, provides parts cleaning, and hazardous and non-hazardous containerized waste services to small and mid-sized customers in the vehicle maintenance and manufacturing services industries in North America. It operates in two segments, Environmental Services and Oil Business.

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