Needham & Company Reiterates a 'Buy' on Heritage-Crystal Clean (HCCI); Oil Biz Momentum Should Carry Into 2013
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Price: $45.51 --0%
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on Heritage-Crystal Clean (NASDAQ: HCCI) price target of $24.00.
Analyst, Sean K.F. Hannan, said, "Overall, we believe Heritage-Crystal Clean remains in the early stages of substantial growth due to the encouraging ramp of its re-refining business. We remain positive on the magnitude of the growth this business should provide for at least the next two years (until some degree of expansion provides its next large step function). Consequently, we remain confident that we will see powerful earnings growth into 2013."
"No official guide provided, but our 2Q12 estimate are now $54.5M and $0.08 (on lower ES margins), vs. prior $51.1M and $0.11. Our 2012 est. becomes $237M & $0.56, vs. our prior $227M and $0.59. Our 2013 estimate is $287M & $1.32."
For an analyst ratings summary and ratings history on Heritage-Crystal Clean click here. For more ratings news on Heritage-Crystal Clean click here.
Shares of Heritage-Crystal Clean closed at $20.31 yesterday.
Analyst, Sean K.F. Hannan, said, "Overall, we believe Heritage-Crystal Clean remains in the early stages of substantial growth due to the encouraging ramp of its re-refining business. We remain positive on the magnitude of the growth this business should provide for at least the next two years (until some degree of expansion provides its next large step function). Consequently, we remain confident that we will see powerful earnings growth into 2013."
"No official guide provided, but our 2Q12 estimate are now $54.5M and $0.08 (on lower ES margins), vs. prior $51.1M and $0.11. Our 2012 est. becomes $237M & $0.56, vs. our prior $227M and $0.59. Our 2013 estimate is $287M & $1.32."
For an analyst ratings summary and ratings history on Heritage-Crystal Clean click here. For more ratings news on Heritage-Crystal Clean click here.
Shares of Heritage-Crystal Clean closed at $20.31 yesterday.
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