Consumer Confidence Buoys New Outlook - Research Report on Heckmann, Waste Management, Stericycle, Clean Harbors and Darling International
NEW YORK, March 14, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports highlighting Heckmann Corporation (NYSE:HEK), Waste Management, Inc. (NYSE:WM), Stericycle Inc (NASDAQ:SRCL), Clean Harbors Inc (NYSE:CLH) and Darling International Inc. (NYSE:DAR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Heckmann Corporation Research Report
Heckman reported better than expected Q4 2012 results, posting a profit of $5 million, or 3 cents per share at the surprise of analysts who expected a loss of 3 cents per share. Revenue also beat expectations with $113.2 million for the quarter, compared to the predicted $110.1 million. In comparison, the company posted a loss of $2.5 million and revenue of $51.7 million in the same quarter of 2011. The company, which plans to change its name to Nuverra Environmental Solutions, expects to double revenue once again in 2013, at a range of $750 million and $825 million. Management says that a recent increase in oil prices made it more optimistic about its customers increasing drilling this year, increasing demand for Heckman's business in the long term. The Full Research Report on Heckmann Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/5548_HEK]
Waste Management, Inc. Research Report
Waste Management subsidiary WM Recycle America acquired recycler Greenstar earlier this year for an undisclosed amount from NTR plc, adding 12 material recovery facilities to the company's extensive recycling network. Greenstar had previously managed close to 1.5 million tons of recycled material in 2012, and its acquisition should be able to help Waste Management inch closer to achieving its goal of managing 20 million tons of recyclable material by 2020, with the company now being able to handle 15 million tons per year with the deal. Meanwhile, Waste Management posted mixed Q4 2012 results due to a decline in recycling and electricity commodity prices in the quarter. For 2013, the company expects earnings in the range of $2.15 to $2.20 per share and free cash flow of between $1.1 billion and $1.2 billion. The Full Research Report on Waste Management, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/1d6d_WM]
Stericycle Inc Research Report
Stericycle reported its Q4 and full year 2012 results, posting growth in both revenue and net income year over year. Net income came in at $70.1 million or 80 cents per share compared to $64.3 million or 74 cents per share in the year-earlier quarter, while revenue grew 12.8 percent year over year to $503.6 million. In comparison, analysts wanted to see earnings per share of 86 cents and revenue of $491.1 million. The company's growth was driven by new account acquisition and expansion of its portfolio of service offerings, and management and analysts expects the growth momentum to continue in the coming quarters as well. For the current quarter, analysts expect revenue of $508.2 million and earnings of 88 cents per share, while for the full year 2013, the expected revenue is at $2.08 billion and earnings are seen at $3.67 per share. The Full Research Report on Stericycle Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/a951_SRCL]
Clean Harbors Inc Research Report
Clean Harbors saw its shares rise $1.89 or 3.6 percent to $53.97 after an analyst of Robert W. Baird & Co. upgraded the company's shares to "Outperform" from "Neutral" with an increase in price target to $61 per share from $59. The analyst added that the use of oil and gas rigs in Canada are seen to be picking up, which could improve revenue growth in the company's oil and gas field service unit. He believes it would counter concerns about the state of the energy service industry, as well as the company's $1.25 billion acquisition of Safety-Kleen. Meanwhile, the company posted 62 percent net income growth in Q4 2012 thanks to a tax benefit, earning $61.9 million, or $1.11 per share in the quarter. The Full Research Clean Harbors Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/9d16_CLH]
Darling International Inc. Research Report
Darling International missed estimates in its Q4 2012 results, posting total sales of $424.9 million, down 1.4 percent from $430.9 million year over year, and earnings of 24 cents per share, attributed largely to lower input volumes and finished products prices. In comparison, analysts wanted to see earnings per share of 30 cents and revenue of $430 million. However, management is optimistic moving forward, expecting raw material prices and volumes to rise in the near future. The 2013 capital expenditure is seen to be at roughly $100 million, while the expected tax rate for the year hovers around 38.4 percent. The Full Research Report on Darling International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/fa16_DAR]
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SOURCE Investors-Alliance
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