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Stock Market & Financial Investment News

News Breaks
February 26, 2014
11:28 EDTWM, CLH, CVA, PESIClean Harbors plunges to 52-week low after cutting guidance
Shares of Clean Harbors (CLH), a provider of environmental, energy and industrial services, are sinking after the company's fourth quarter results and its first quarter revenue forecasts trailed expectations. The company also lowered its fiscal 2014 revenue and adjusted EBITDA outlook. WHAT'S NEW: This morning, Clean Harbors reported Q4 earnings per share of 44c and revenue of $879.4M, trailing expectations of 55c and $894.41M, respectively. The company forecast Q1 revenue of $820M-$840M, compared to consensus of $907.47M. Q1 adjusted EBITDA was seen at $100M-$105M. The company lowered its FY14 revenue view to to $3.5B-$3.6B from $3.7B-$3.8B, versus consensus of $3.74B. It also cut its FY14 adjusted EBITDA view to $525M-$555M from $610M-$640M. The company cited an unanticipated slowdown due to adverse weather and the timing of holidays in December for the weak results and guidance. It also announced a $150M share repurchase program. STREET RESEARCH: In a note published prior to the company's earning conference call, research firm Wedbush predicted the company's quarterly miss and lowered outlook could result in shares trading down 10%-15% during today’s session. Wedbush said it was maintaining its positive stance on Clean Harbors with an Outperform rating and a 12-month price target of $74 for the time being, but added that its estimates and price target were under review. Note that Clean Harbors was mentioned cautiously by Grant's Interest Rate Observer in an article on February 6 and Herb Greenberg of TheStreet.com published a cautious report on the company in November of last year. PRICE ACTION: In late morning trading, Clean Harbors fell $7.81, or 14.5%, to $46.13 on nearly six times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $44.95. Including today's slide, the stock has lost about 19% over the past six months. OTHERS TO WATCH: Other firms providing environmental solutions include Perma-Fix Environmental Services (PESI), Covanta (CVA), and Waste Management (WM).
News For CLH;PESI;CVA;WM From The Last 14 Days
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July 28, 2015
10:00 EDTWMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aegerion (AEGR) upgraded to Buy from Hold at Jefferies... Ameren (AEE) upgraded to Neutral from Sell at Goldman... AutoNation (AN) upgraded to Buy from Neutral at Sterne Agee CRT... Beacon Roofing (BECN) upgraded to Outperform at Baird... BlackBerry (BBRY) upgraded to Equal Weight from Underweight at Morgan Stanley... Bojangles (BOJA) upgraded to Buy from Neutral at SunTrust... Boyd Gaming (BYD) upgraded to Neutral from Underperform at BofA/Merrill... Columbus McKinnon (CMCO) upgraded to Buy from Neutral at Sidoti... Danaher (DHR) upgraded to Overweight from Equal Weight at Morgan Stanley... Emerald Oil (EOX) upgraded to Hold from Sell at Wunderlich... Haemonetics (HAE) upgraded Outperform from Market Perform at Barrington... Jefferies sees entry point for Aegerion (AEGR), upgrades to Buy... Philips (PHG) upgraded to Buy from Hold at Societe Generale... Plum Creek Timber (PCL) upgraded to Buy from Neutral at DA Davidson... Raytheon (RTN) upgraded to Buy from Neutral at BofA/Merrill... SandRidge Energy (SD) upgraded to Hold from Sell at Wunderlich... Telecom Argentina (TEO) upgraded to Outperform from Market Perform at Raymond James... Teva (TEVA) upgraded to Outperform from Market Perform at BMO Capital... Triumph Bancorp (TBK) upgraded to Buy from Hold at Evercore ISI... Waste Management (WM) upgraded on valuation, rebounding businesses at Argus... Wisconsin Energy (WEC) upgraded to Buy from Neutral at Goldman.
08:41 EDTWMWaste Management upgraded on valuation, rebounding businesses at Argus
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07:31 EDTWMWaste Management upgraded to Buy from Hold at Argus
July 27, 2015
13:56 EDTCLHClean Harbors shares defended at Stifel
10:00 EDTCLHOn The Fly: Analyst Downgrade Summary
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08:33 EDTCLHClean Harbors downgraded to Market Perform from Outperform at Raymond James
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July 23, 2015
07:38 EDTWMWaste Management sees FY15 adjusted EPS at high end of $2.48-$2.55
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07:36 EDTWMWaste Management reports Q2 adjusted EPS 67c, consensus 63c
Reports Q2 revenue $3.32B, consensus $3.33B.
July 22, 2015
16:11 EDTCVACovanta lowers FY15 EBITDA view to $420M-$460M from $450M-$490M
16:09 EDTCVACovanta reports Q2 EPS (6c), consensus 3c
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July 21, 2015
08:31 EDTCLHIron Mountain names Deirdre Evens as Chief People Officer
Iron Mountain (IRM) announced that Deirdre Evens has joined Iron Mountain as Chief People Officer. Evens will oversee global human resources, leading operations and strategy to support the company’s growth through recruitment, talent development, and compensation and benefits. Evens will serve as a member of the company’s senior executive team and report directly to Iron Mountain’s President and CEO William L. Meaney. Evens comes to Iron Mountain from environmental, energy, and industrial services company Clean Harbors (CLH), where she served as the executive vice president of human resources since 2011.

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