Nomura Securities Reiterates a 'Buy' on Heritage-Crystal Clean (HCCI); Early Stages of Substantial Top/Bottom Line Growth
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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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Nomura Securities reiterates a 'Buy' on Heritage-Crystal Clean (NASDAQ: HCCI) price target of $22.00 (from $24.00).
Analyst, Sean K.F. Hannan, said, "We continue to believe that HCCI is in the early stages of substantial top and bottom line growth. While targeted margins may not have materialized quite yet in the surging Oil Biz, we suspect sharp improvements are close on the horizon (acknowledging a non-linear ramp as communicated by mgmt). With Env. Services now operating efficiently, we expect both pieces to come together for strong EPS growth in ’12."
"No official guide provided, but our 3Q12 forecast is now $65.0M and $0.18 (on higher OB & ES margins), vs. prior $58.5M and $0.18. We acknowledge assumption of steep EPS improvement, but also point out that transition to better mix of lube oil products (better pricing and margins) is underway while ES margins appear sustainable. Our 2012 estimate becomes $256M & $0.55, vs. our prior $237M and $0.56. Our 2013 estimate becomes $297M & $1.27, vs. our prior $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 $15.81 yesterday.
Analyst, Sean K.F. Hannan, said, "We continue to believe that HCCI is in the early stages of substantial top and bottom line growth. While targeted margins may not have materialized quite yet in the surging Oil Biz, we suspect sharp improvements are close on the horizon (acknowledging a non-linear ramp as communicated by mgmt). With Env. Services now operating efficiently, we expect both pieces to come together for strong EPS growth in ’12."
"No official guide provided, but our 3Q12 forecast is now $65.0M and $0.18 (on higher OB & ES margins), vs. prior $58.5M and $0.18. We acknowledge assumption of steep EPS improvement, but also point out that transition to better mix of lube oil products (better pricing and margins) is underway while ES margins appear sustainable. Our 2012 estimate becomes $256M & $0.55, vs. our prior $237M and $0.56. Our 2013 estimate becomes $297M & $1.27, vs. our prior $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 $15.81 yesterday.
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