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.

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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.

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