US Ecology, Inc. (NASDAQ:ECOL) Expected to Report Quarterly Sales of $246.70 Million

Brokers expect US Ecology, Inc. (NASDAQ:ECOL) to post sales of $246.70 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts released earnings estimates for US Ecology, with the highest sales estimate of $250.00 million and the lowest estimate of $243.40 million. US Ecology reported sales of $241.07 million in the same quarter last year, suggesting a positive year-over-year growth rate of 2.3%. The company is expected to release its next results on Thursday, February 24.

On average, analysts expect US Ecology to report annual sales of $973.50 million for the current year, with estimates ranging from $970.00 to $977.00 million. For the next fiscal year, analysts expect the company to record sales of $1.03 billion, with estimates ranging from $1.02 billion to $1.03 billion. Zacks sales calculations are an average average based on a survey of analysts who provide coverage for US Ecology.

US Ecology (NASDAQ:ECOL) last released its results on Friday, November 5. The business services provider reported EPS of $0.22 for the quarter, beating Thomson Reuters consensus estimate of $0.21 by $0.01. US Ecology posted a negative net margin of 9.37% and a positive return on equity of 2.24%. The company posted revenue of $257.20 million for the quarter, compared to $244.84 million expected by analysts. In the same quarter last year, the company achieved EPS of $0.25. The company’s quarterly revenue increased 8.0% compared to the same quarter last year.

A number of research companies have weighed in on ECOL recently. Stifel Nicolaus downgraded US Ecology shares from a “buy” rating to a “hold” rating and cut his price target for the company from $42.00 to $31.00 in a Tuesday research note October 19. Zacks Investment Research downgraded US Ecology shares from a “hold” rating to a “strong sell” rating in a Friday, Jan. 7 research rating. Finally, BMO Capital Markets cut its price target on US Ecology shares from $40.00 to $38.00 and set a “market performance” rating on the stock in a Wednesday 6 research report. October.

(A d)

Whether you’re looking to learn the basics of futures or you’re a seasoned veteran looking to hone your trading skills, our technical analysis guide has everything you need to succeed in today’s futures markets. today!

US Ecology stock opened at $27.37 on Friday. US Ecology has a 1-year low of $26.26 and a 1-year high of $45.72. The company has a market capitalization of $862.48 million, a price-earnings ratio of -9.37 and a beta of 1.12. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt ratio of 1.22. The company has a 50-day simple moving average of $32.14 and a 200-day simple moving average of $33.77.

Several institutional investors have recently increased or reduced their stake in the company. Van ECK Associates Corp increased its position in US Ecology by 87.6% during the 4th quarter. Van ECK Associates Corp now owns 73,959 shares of the business services provider worth $2,362,000 after buying an additional 34,525 shares in the last quarter. Huntington National Bank increased its holdings of US Ecology shares by 53.9% in the fourth quarter. National Bank Huntington now owns 2,363 shares of the business services provider valued at $75,000 after purchasing an additional 828 shares during the period. Moors & Cabot Inc. bought a new stake in shares of US Ecology in the third quarter valued at around $51,000. Comerica Bank increased its position in US Ecology by 96.6% in the third quarter. Comerica Bank now owns 58,172 shares of the business services provider valued at $1,959,000 after buying an additional 28,577 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in US Ecology shares by 19.1% during the third quarter. Bank of New York Mellon Corp now owns 1,086,095 shares of the business services provider worth $35,136,000 after buying an additional 173,882 shares last quarter. Hedge funds and other institutional investors own 89.32% of the company’s shares.

US Ecology Company Profile

US Ecology, Inc provides environmental services to commercial and government entities. It operates through the following segments: Waste Solutions; Field Services; and Energy Waste. The Waste Solutions segment includes a range of specialized materials management services, including transportation, recycling, treatment and disposal of hazardous, non-hazardous, E&P and radioactive waste in landfills, sewage, injection into deep wells and other company-owned processing facilities.

Recommended Story: What is a Short Spread?

Get a Free Copy of the Zacks Research Report on American Ecology (ECOL)

For more information on Zacks Investment Research’s research offerings, visit

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in American ecology right now?

Before you consider US Ecology, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes all-out…and US Ecology wasn’t on the list.

While US Ecology currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.