Revenue Update on Clean Harbors Inc(NYSE:CLH)

Clean Harbors Inc(NYSE:CLH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $697.51M. Analysts estimated a revenue of $727.68M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.24.

In a different note, Barclays said it Initiates Coverage on Clean Harbors Inc, according to a research note issued on May 18, 2016. The shares have been rated ‘Overweight’ by the firm.

Clean Harbors Inc (CLH) shares turned negative on Fridays trading session with the shares closing down -0.6 points or -1.21% at a volume of 2,31,048. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $49.25. The peak price level was also seen at $49.25 while the days lowest was $48.68. Finally the shares closed at $48.81. The 52-week high of the shares is $54.54 while the 52-week low is $37.09. According to the latest information available, the market cap of the company is $2,806 M.

Several Insider Transactions has been reported to the SEC. On Jun 29, 2016, Brian P Weber (EVP (CHESI) sold 920 shares at $50.22 per share price.Also, 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.

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