US Ecology Inc (NASDAQ:ECOL) announced a quarterly dividend on Friday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 17th will be given a dividend of 0.18 per share by the business services provider on Friday, January 24th. This represents a $0.72 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, January 16th.
US Ecology has a payout ratio of 32.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect US Ecology to earn $2.23 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 32.3%.
US Ecology stock traded down $0.08 during midday trading on Friday, reaching $55.65. The company’s stock had a trading volume of 127,092 shares, compared to its average volume of 141,820. The firm has a market capitalization of $1.23 billion, a PE ratio of 23.99 and a beta of 0.55. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.03 and a current ratio of 2.03. US Ecology has a fifty-two week low of $53.48 and a fifty-two week high of $67.24. The stock’s 50 day simple moving average is $56.12 and its 200 day simple moving average is $60.22.
US Ecology (NASDAQ:ECOL) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. The business had revenue of $167.40 million during the quarter, compared to the consensus estimate of $161.25 million. US Ecology had a return on equity of 13.61% and a net margin of 8.22%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. Equities analysts predict that US Ecology will post 2.2 earnings per share for the current year.
A number of analysts recently commented on the company. UBS Group set a $63.00 price objective on US Ecology and gave the stock a “hold” rating in a research report on Friday, November 1st. ValuEngine cut US Ecology from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. BidaskClub cut US Ecology from a “sell” rating to a “strong sell” rating in a report on Friday, November 15th. Finally, Zacks Investment Research upgraded US Ecology from a “sell” rating to a “hold” rating in a report on Tuesday.
About US Ecology
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates through two segments, Environmental Services, and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous, non-hazardous, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.
Further Reading: Price to Earnings Ratio (PE) Basics
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