Zacks Research Upgrades Earnings Estimates for Clean Harbors

On March 12th, 2025, analysts from Zacks Research increased their earnings per share (EPS) estimates for Clean Harbors, Inc. (NYSE:CLH) for the third quarter of 2025. Analyst S. Goswami now predicts that Clean Harbors, a provider of various business services, will earn $2.29 per share in the upcoming quarter. This is an increase from their previous estimate of $2.23 per share. The consensus for Clean Harbors' full-year earnings stands at $7.89 per share. Additionally, Zacks Research forecasts earnings of $7.42 per share for the full fiscal year of 2025, $2.42 per share for the second quarter of 2026, and $10.10 per share for fiscal year 2027.

Clean Harbors published its most recent quarterly earnings results on February 19th, 2025. During this period, the company reported earnings of $1.55 per share, which surpassed the analysts' expectations of $1.36 by $0.19. The revenue for the quarter reached $1.43 billion, aligning with analysts’ predictions. The company demonstrated a return on equity of 16.33% and a net margin of 6.83%. Revenue for this quarter showed a 6.9% increase compared to the same quarter last year, during which the firm earned $1.82 per share.

Several other investment firms have also provided updates on Clean Harbors. BMO Capital Markets recently lowered their target price on Clean Harbors shares from $284.00 to $270.00 and maintained an “outperform” rating. TD Cowen restarted their coverage and gave the company a “buy” rating with a price target of $325.00. Furthermore, Robert W. Baird reduced their price target from $285.00 to $272.00 while keeping an “outperform” rating, and Oppenheimer lowered their price objective from $256.00 to $254.00, also maintaining an “outperform” rating. Stifel Nicolaus adjusted their target price down from $290.00 to $285.00 while continuing to recommend a “buy” rating. In total, one analyst rated the stock as a hold, eight as a buy, and one as a strong buy, resulting in an average rating of “Buy” with an average price target of $270.56 according to MarketBeat.com.

Recent Stock Performance

As of Friday, the share price of Clean Harbors (NYSE:CLH) opened at $193.11, reflecting an increase of 1.9%. The company's financial ratios indicate a debt-to-equity ratio of 1.08, a current ratio of 2.21, and a quick ratio of 1.76. Over the past 50 days, the average stock price was $223.92, while the 200-day average was $238.34. Clean Harbors has a market capitalization of $10.40 billion, a price-to-earnings (P/E) ratio of 26.03, and a beta of 1.22, demonstrating its stock volatility. The company’s shares have ranged between a one-year low of $186.54 and a high of $267.11.

Insider Transactions

In further developments, Director Lauren States sold 308 shares of Clean Harbors on December 16th for an average price of $245.06, totaling $75,478.48. After the sale, States owned 12,534 shares of Clean Harbors, valued at approximately $3.07 million, which marked a 2.40% decrease in their stock ownership. Additionally, insider Robert Speights sold 2,725 shares on March 10th at an average price of $190.44, amounting to $518,949.00. Following this transaction, Speights held 40,008 shares valued at around $7.62 million, reflecting a 6.38% decrease in their ownership. In the last three months, insiders have sold a total of 3,649 shares valued at $738,519, with insiders collectively owning 5.90% of the stock currently.

Institutional Activity

Recent changes in institutional investments reveal that several large investors have adjusted their positions in Clean Harbors. For instance, Kapitalo Investimentos Ltda acquired a new position in Clean Harbors, estimated at around $32,000 in value, during the fourth quarter. Skandinaviska Enskilda Banken AB publ raised its stake by a substantial 2,650.0%, now owning 165 shares worth approximately $38,000 after adding 159 shares this quarter. Allworth Financial LP increased their holdings by 130.4%, reaching 182 shares valued at $44,000 after purchasing an additional 103 shares. Furthermore, Assetmark Inc. enhanced its investment by 10,250.0% in the same period, now owning 207 shares worth $48,000. Lastly, Prospera Private Wealth LLC also made a new investment valued at $56,000 in the third quarter. Overall, institutional investors currently control about 90.43% of Clean Harbors's stocks.

About Clean Harbors

Clean Harbors, Inc. is a prominent provider of environmental and industrial services, both in the United States and internationally. The company operates through two main segments: Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment is responsible for collecting, transporting, treating, and disposing of both hazardous and non-hazardous waste. This includes services such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and management of explosives. Additionally, Clean Harbors offers CleanPack services for the specialized collection, identification, categorization, packaging, transportation, and disposal of laboratory and household hazardous waste.

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