Analysts Expect US Ecology Inc (ECOL) to Post $0.64 Earnings Per Share

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Wall Street brokerages expect US Ecology Inc (NASDAQ:ECOL) to post earnings per share (EPS) of $0.64 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for US Ecology’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.64. US Ecology reported earnings per share of $0.37 in the same quarter last year, which would suggest a positive year-over-year growth rate of 73%. The firm is expected to issue its next earnings report on Thursday, October 25th.

On average, analysts expect that US Ecology will report full-year earnings of $2.24 per share for the current financial year, with EPS estimates ranging from $2.23 to $2.25. For the next year, analysts forecast that the company will post earnings of $2.40 per share, with EPS estimates ranging from $2.37 to $2.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover US Ecology.

US Ecology (NASDAQ:ECOL) last posted its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.07. The firm had revenue of $136.90 million during the quarter, compared to analysts’ expectations of $136.73 million. US Ecology had a net margin of 11.74% and a return on equity of 14.12%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS.

A number of equities research analysts have issued reports on the stock. BidaskClub upgraded shares of US Ecology from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 8th. BMO Capital Markets increased their target price on shares of US Ecology from $65.00 to $75.00 and gave the stock a “market perform” rating in a report on Friday, September 7th. UBS Group increased their target price on shares of US Ecology from $56.00 to $61.00 and gave the stock a “sell” rating in a report on Wednesday, September 5th. Zacks Investment Research upgraded shares of US Ecology from a “hold” rating to a “strong-buy” rating and set a $76.00 target price on the stock in a report on Thursday, July 26th. Finally, Stifel Nicolaus increased their target price on shares of US Ecology from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, August 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.80.

In other news, COO Simon G. Bell sold 3,000 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $75.95, for a total value of $227,850.00. Following the sale, the chief operating officer now directly owns 31,197 shares in the company, valued at approximately $2,369,412.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen A. Romano sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $75.05, for a total transaction of $150,100.00. Following the completion of the sale, the director now owns 24,695 shares in the company, valued at $1,853,359.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,944 shares of company stock worth $4,128,574. 1.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of US Ecology by 8.3% in the 2nd quarter. BlackRock Inc. now owns 2,997,106 shares of the business services provider’s stock valued at $190,914,000 after purchasing an additional 230,864 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of US Ecology by 1.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,601,570 shares of the business services provider’s stock valued at $85,363,000 after purchasing an additional 16,090 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of US Ecology by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 854,305 shares of the business services provider’s stock valued at $45,534,000 after purchasing an additional 6,323 shares in the last quarter. FMR LLC raised its holdings in shares of US Ecology by 1.1% in the 2nd quarter. FMR LLC now owns 748,392 shares of the business services provider’s stock valued at $47,673,000 after purchasing an additional 8,300 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in shares of US Ecology by 5.3% in the 1st quarter. Epoch Investment Partners Inc. now owns 604,174 shares of the business services provider’s stock valued at $32,203,000 after purchasing an additional 30,296 shares in the last quarter. Institutional investors and hedge funds own 83.50% of the company’s stock.

Shares of NASDAQ:ECOL traded down $0.77 during mid-day trading on Friday, reaching $69.43. 127,618 shares of the company were exchanged, compared to its average volume of 78,451. The stock has a market capitalization of $1.62 billion, a P/E ratio of 40.37 and a beta of 0.58. US Ecology has a 1 year low of $44.50 and a 1 year high of $77.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.45 and a current ratio of 2.45.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, October 19th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $0.72 dividend on an annualized basis and a yield of 1.04%. US Ecology’s dividend payout ratio (DPR) is presently 41.86%.

About US Ecology

US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates in two segments, Environmental Services; and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous and non-hazardous waste at its landfill, wastewater, and other treatment facilities.

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