Advanced Disposal Services (NYSE:ADSW) announced its earnings results on Thursday. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01), Bloomberg Earnings reports. The company had revenue of $384.40 million during the quarter, compared to analysts’ expectations of $374.30 million. Advanced Disposal Services had a negative net margin of 1.61% and a positive return on equity of 5.84%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 earnings per share.
Shares of Advanced Disposal Services (NYSE:ADSW) traded down $0.09 during midday trading on Thursday, reaching $23.50. 374,922 shares of the company’s stock were exchanged, compared to its average volume of 322,220. Advanced Disposal Services has a twelve month low of $20.94 and a twelve month high of $25.71. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $2,089.28, a PE ratio of -85.53, a P/E/G ratio of 2.87 and a beta of -0.35.
In other news, CFO Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $23.07, for a total value of $430,624.62. Following the transaction, the chief financial officer now owns 157,737 shares in the company, valued at $3,638,992.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 55,998 shares of company stock worth $1,318,753 in the last 90 days. Company insiders own 1.20% of the company’s stock.
A number of brokerages have commented on ADSW. Credit Suisse Group reduced their price target on shares of Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. KeyCorp began coverage on shares of Advanced Disposal Services in a research report on Thursday, November 30th. They set a “sector weight” rating on the stock. Zacks Investment Research upgraded shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Stifel Nicolaus upgraded shares of Advanced Disposal Services from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $28.00 in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $26.00.
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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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