Advanced Emissions Solutions, Inc. (NASDAQ:ADES) announced a quarterly dividend on Wednesday, May 9th, Zacks reports. Shareholders of record on Tuesday, May 22nd will be given a dividend of 0.25 per share by the industrial products company on Friday, June 8th. This represents a $1.00 annualized dividend and a yield of 8.52%. The ex-dividend date is Monday, May 21st.
Advanced Emissions Solutions traded up $0.17, hitting $11.74, on Wednesday, Marketbeat.com reports. 2,363 shares of the company’s stock traded hands, compared to its average volume of 149,151. Advanced Emissions Solutions has a 1 year low of $11.65 and a 1 year high of $11.79. The stock has a market cap of $236.85 million, a PE ratio of 7.53 and a beta of 1.63.
Advanced Emissions Solutions (NASDAQ:ADES) last released its earnings results on Monday, March 12th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.27. Advanced Emissions Solutions had a return on equity of 43.68% and a net margin of 83.37%. The company had revenue of $0.54 million for the quarter, compared to analysts’ expectations of $2.16 million. sell-side analysts forecast that Advanced Emissions Solutions will post 2.02 EPS for the current year.
Advanced Emissions Solutions declared that its board has authorized a stock buyback plan on Monday, March 26th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
ADES has been the topic of several research analyst reports. Zacks Investment Research cut Advanced Emissions Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. HC Wainwright set a $18.00 price target on Advanced Emissions Solutions and gave the company a “buy” rating in a research note on Friday, May 11th. TheStreet raised Advanced Emissions Solutions from a “c+” rating to a “b-” rating in a research note on Monday, April 9th. Finally, ValuEngine cut Advanced Emissions Solutions from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Advanced Emissions Solutions currently has an average rating of “Buy” and a consensus price target of $16.67.
Advanced Emissions Solutions Company Profile
ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.
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