Brokerages Expect Advanced Disposal (ADSW) Will Announce Earnings of $0.04 Per Share

Wall Street analysts predict that Advanced Disposal (NYSE:ADSW) will announce $0.04 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Advanced Disposal’s earnings, with estimates ranging from $0.00 to $0.06. Advanced Disposal also posted earnings of $0.04 per share during the same quarter last year. The company is expected to announce its next earnings report after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that Advanced Disposal will report full year earnings of $0.56 per share for the current fiscal year, with EPS estimates ranging from $0.43 to $0.62. For the next financial year, analysts anticipate that the business will post earnings of $0.73 per share, with EPS estimates ranging from $0.71 to $0.77. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Advanced Disposal.

Advanced Disposal (NYSE:ADSW) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Advanced Disposal had a net margin of 2.54% and a return on equity of 5.03%. The firm had revenue of $384.40 million for the quarter, compared to the consensus estimate of $374.30 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis.

ADSW has been the topic of a number of analyst reports. UBS reiterated a “buy” rating and issued a $27.00 price target (down from $29.00) on shares of Advanced Disposal in a research report on Friday, February 23rd. Zacks Investment Research cut Advanced Disposal from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $26.00 price target (down from $27.00) on shares of Advanced Disposal in a research report on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Advanced Disposal has an average rating of “Buy” and an average target price of $26.50.

In other Advanced Disposal news, insider Steven R. Carn sold 18,666 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $24.05, for a total value of $448,917.30. Following the transaction, the insider now owns 120,405 shares of the company’s stock, valued at $2,895,740.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ernest J. Mrozek acquired 1,500 shares of Advanced Disposal stock in a transaction on Thursday, March 8th. The stock was acquired at an average cost of $22.63 per share, for a total transaction of $33,945.00. Following the purchase, the director now owns 5,263 shares of the company’s stock, valued at approximately $119,101.69. The disclosure for this purchase can be found here. In the last three months, insiders sold 52,752 shares of company stock worth $1,199,166. Insiders own 1.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Advanced Disposal during the third quarter valued at $119,000. Legal & General Group Plc lifted its stake in shares of Advanced Disposal by 60.2% during the third quarter. Legal & General Group Plc now owns 10,296 shares of the company’s stock valued at $259,000 after acquiring an additional 3,870 shares during the period. Convergence Investment Partners LLC acquired a new position in shares of Advanced Disposal during the third quarter valued at $349,000. UBS Asset Management Americas Inc. lifted its stake in shares of Advanced Disposal by 88.8% during the fourth quarter. UBS Asset Management Americas Inc. now owns 15,100 shares of the company’s stock valued at $361,000 after acquiring an additional 7,100 shares during the period. Finally, Magnetar Financial LLC acquired a new position in shares of Advanced Disposal during the third quarter valued at $439,000.

NYSE:ADSW traded up $0.25 during trading hours on Friday, reaching $22.70. The company had a trading volume of 71,861 shares, compared to its average volume of 423,423. Advanced Disposal has a one year low of $20.94 and a one year high of $25.71. The stock has a market capitalization of $1,985.24, a price-to-earnings ratio of 45.78, a price-to-earnings-growth ratio of 2.60 and a beta of 0.57. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.66 and a quick ratio of 0.66.

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Advanced Disposal Company Profile

Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. It is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. The company also supplies commercial and industrial customers with waste containers; rents or sells compactors to large waste generators; and provides roll-off containers, as well as waste collection, transportation, and disposal services to construction and demolition sites.

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