Clean Harbors Inc (CLH) Releases Earnings Results, Misses Expectations By $-0.08 EPS

Clean Harbors Inc (CLH) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.15 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.23. The company posted revenue of $697.50 million in the period, compared to analysts expectations of $729.59 million. The company’s revenue was down -25.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Many Wall Street Analysts have commented on Clean Harbors Inc. Company shares were Reiterated by Needham on Jun 22, 2016 to “Buy”, Firm has raised the Price Target to $ 59 from a previous price target of $51 .Barclays Initiated Clean Harbors Inc on May 18, 2016 to “Overweight”, Price Target of the shares are set at $58.

Clean Harbors Inc closed down -0.25 points or -0.49% at $51.23 with 4,68,796 shares getting traded on Tusday. Post opening the session at $51.33, the shares hit an intraday low of $50.8 and an intraday high of $51.6 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 29, 2016, Brian P Weber (EVP (CHESI) sold 920 shares at $50.22 per share price. According to the SEC, on Jun 8, 2016, Daniel James Mccarthy (director) sold 3,643 shares at $53.22 per share price. On May 10, 2016, Mark G. Bouldin (EVP/SK) sold 367 shares at $47.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Clean Harbors Inc. is a provider of environmental energy and industrial services throughout North America. The Company operates in six segments: Technical Services which provides a range of hazardous material management services; Industrial and Field Services which provides industrial and specialty services such as high-pressure and chemical cleaning catalyst handling decoking; Oil Re-refining and Recycling which processes used oil into base and blended lubricating oils; SK Environmental Services which consists of Safety-Kleen’s branches and provides a range of environmental services; Lodging Services which provides lodges and remote workforce accommodation facilities and Oil and Gas Field Services which provides fluid handling fluid hauling production servicing surface rentals seismic services. The Company has a network of over 400 service locations across 48 states eight Canadian provinces Puerto Rico Mexico and Trinidad.

Clean Harbors Inc

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