Clean Harbors Inc (NYSE:CLH) reported mixed results for the first quarter on Wednesday.
The company posted quarterly earnings of $1.19 per share which beat the analyst consensus estimate of $1.16 per share. The company reported quarterly sales of $1.460 billion which missed the analyst consensus estimate of $1.469 billion.
“We began 2026 with better-than-expected first-quarter results, including higher profitability in both of our operating segments,” said Eric Gerstenberg, Co-Chief Executive Officer. “Our Environmental Services (ES) segment delivered its 16th consecutive quarter of year-over-year Adjusted EBITDA margin improvement, navigating challenging weather conditions that impacted our collection and services businesses. At the same time, our Safety-Kleen Sustainability Solutions (SKSS) segment benefited from our continued focus around charge-for-oil (CFO) services and a late-quarter surge in base oil pricing. Our safety performance was outstanding, with the team achieving the lowest quarterly Total Recordable Incident Rate in our history at 0.39.”
Clean Harbors shares fell 1.5% to trade at $283.62 on Thursday.
These analysts made changes to their price targets on Clean Harbors following earnings announcement.
- Oppenheimer analyst Noah Kaye maintained Clean Harbors with an Outperform rating and raised the price target from $310 to $316.
- Wells Fargo analyst Jerry Revich maintained the stock with an Equal-Weight rating and raised the price target from $309 to $313.
Considering buying CLH stock? Here’s what analysts think:
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