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NEW YORK (TheStreet) -- Waste management company US Ecology (ECOL) maintained its A-grade, "buy" rating in TheStreet's Trifecta Stocks portfolio. US Ecology is the leading disposal services provider for low-level radioactive and hazardous waste in the country.
The company recently announced stockholders will receive a quarterly cash dividend of 18 cents a share on October 25. US Ecology has a current annual dividend yield of approximately 2.3%.
US Ecology is set to release its third-quarter earnings after the bell on Oct. 28. Net income for the second quarter ended June 30 was $7.2 million, a better-than-expected 13% increase on the year-ago quarter.
Shares gained 5.6% to $30.81, as of 3:05 p.m. EST. Year to date, shares are up 31.1%.
TheStreet Ratings team rates US Ecology Inc as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate US Ecology Inc (ECOL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."