Equities research analysts expect Advanced Disposal Services Inc (NYSE:ADSW) to post $0.14 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Advanced Disposal Services’ earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.12. Advanced Disposal Services reported earnings of $0.20 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 30%. The firm is scheduled to report its next quarterly earnings report after the market closes on Thursday, February 22nd.
According to Zacks, 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 $0.47 to $0.54. For the next financial year, analysts anticipate that the firm will report earnings of $0.59 per share, with EPS estimates ranging from $0.45 to $0.69. Zacks’ EPS averages are an average based on a survey of research analysts that cover Advanced Disposal Services.
Advanced Disposal Services (NYSE:ADSW) last posted its earnings results on Wednesday, November 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Advanced Disposal Services had a positive return on equity of 5.84% and a negative net margin of 1.61%. The firm had revenue of $392.70 million for the quarter, compared to analyst estimates of $383.11 million. During the same period in the previous year, the company posted $0.06 EPS. Advanced Disposal Services’s revenue was up 8.9% on a year-over-year basis.
Several research firms recently issued reports on ADSW. Zacks Investment Research lowered Advanced Disposal Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 6th. KeyCorp began coverage on Advanced Disposal Services in a research note on Thursday, November 30th. They set a “sector weight” rating on the stock. BidaskClub lowered Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Stifel Nicolaus lowered Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research note on Wednesday, October 4th. Finally, Credit Suisse Group decreased their target price on Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $26.38.
In other Advanced Disposal Services news, CFO Steven R. Carn sold 18,666 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $23.07, for a total transaction of $430,624.62. Following the sale, the chief financial officer now owns 157,737 shares in the company, valued at approximately $3,638,992.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of the company’s stock in a transaction dated 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. In the last 90 days, insiders have sold 20,054,542 shares of company stock worth $436,697,322. 1.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in Advanced Disposal Services during the 3rd quarter worth about $119,000. Legal & General Group Plc increased its holdings in Advanced Disposal Services by 14.1% during the 2nd quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock worth $146,000 after purchasing an additional 795 shares during the period. Parametric Portfolio Associates LLC purchased a new stake in Advanced Disposal Services during the 2nd quarter worth about $220,000. Voya Investment Management LLC purchased a new stake in Advanced Disposal Services during the 2nd quarter worth about $238,000. Finally, Convergence Investment Partners LLC purchased a new stake in Advanced Disposal Services during the 3rd quarter worth about $349,000. Institutional investors own 96.83% of the company’s stock.
Advanced Disposal Services (NYSE ADSW) traded down $0.20 on Monday, reaching $24.19. The company had a trading volume of 157,662 shares, compared to its average volume of 337,851. Advanced Disposal Services has a 1 year low of $20.94 and a 1 year high of $25.71. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.25. The firm has a market cap of $2,158.30, a price-to-earnings ratio of -86.39, a price-to-earnings-growth ratio of 3.02 and a beta of -0.70.
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Advanced Disposal Services Company Profile
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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