Wall Street brokerages expect Advanced Disposal Services Inc (NYSE:ADSW) to announce earnings per share of $0.14 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Advanced Disposal Services’ earnings. The highest EPS estimate is $0.15 and the lowest is $0.13. Advanced Disposal Services posted earnings per share of $0.20 during the same quarter last year, which would suggest a negative year over year growth rate of 30%. The firm is scheduled to report its next earnings results on Thursday, February 22nd.
On average, analysts expect that Advanced Disposal Services will report full year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.54. For the next year, analysts expect that the business will post earnings of $0.60 per share, with EPS estimates ranging from $0.57 to $0.63. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Advanced Disposal Services.
Advanced Disposal Services (NYSE:ADSW) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Advanced Disposal Services had a negative net margin of 1.61% and a positive return on equity of 5.84%. The company had revenue of $392.70 million during the quarter, compared to the consensus estimate of $383.11 million. During the same period last year, the company earned $0.06 earnings per share. Advanced Disposal Services’s revenue for the quarter was up 8.9% on a year-over-year basis.
Several research analysts have recently issued reports on the company. BidaskClub raised Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Stifel Nicolaus cut Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 price objective on the stock. in a report on Wednesday, October 4th. Zacks Investment Research raised Advanced Disposal Services from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a report on Wednesday, October 4th. Credit Suisse Group decreased their price objective on Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Finally, KeyCorp assumed coverage on Advanced Disposal Services in a research note on Thursday, November 30th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $26.38.
In other Advanced Disposal Services news, insider Steven R. Carn sold 18,666 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $24.60, for a total value of $459,183.60. Following the sale, the insider now directly owns 176,403 shares of the company’s stock, valued at $4,339,513.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $21.77, for a total value of $435,368,302.88. The disclosure for this sale can be found here. Insiders have sold 20,054,542 shares of company stock worth $436,731,481 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in Advanced Disposal Services by 7,290.4% in the second quarter. Russell Investments Group Ltd. now owns 60,897 shares of the company’s stock worth $1,384,000 after buying an additional 60,073 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Advanced Disposal Services by 73.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 129,136 shares of the company’s stock valued at $2,936,000 after buying an additional 54,538 shares during the last quarter. Rhumbline Advisers boosted its stake in Advanced Disposal Services by 25.4% during the second quarter. Rhumbline Advisers now owns 28,292 shares of the company’s stock valued at $643,000 after buying an additional 5,727 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Advanced Disposal Services by 20.3% during the second quarter. Bank of New York Mellon Corp now owns 95,536 shares of the company’s stock valued at $2,172,000 after buying an additional 16,106 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Advanced Disposal Services by 14.1% during the second quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock valued at $146,000 after buying an additional 795 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Advanced Disposal Services (ADSW) traded down $0.07 during trading on Wednesday, hitting $23.73. 175,500 shares of the stock were exchanged, compared to its average volume of 355,833. The company has a market capitalization of $2,106.09, a PE ratio of -84.75, a PEG ratio of 3.44 and a beta of -0.67. Advanced Disposal Services has a 52 week low of $20.94 and a 52 week high of $25.71. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.63 and a current ratio of 0.63.
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About Advanced Disposal Services
Advanced Disposal Services, Inc is an integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services operating primarily in secondary markets or under exclusive arrangements. The Company’s segments include South, East, Midwest and Corporate. As of December 31, 2016, the Company had its presence in 16 states across the Midwest, South and East regions of the United States, as well as in the Commonwealth of the Bahamas, served approximately 2.7 million residential customers and over 200,000 commercial and industrial (C&I) customers through its network of 90 collection operations, 72 transfer stations, 21 owned or operated recycling facilities and 39 owned or operated active landfills.
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