Brokerages expect Advanced Disposal (NYSE:ADSW) to post sales of $389.19 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Advanced Disposal’s earnings. The lowest sales estimate is $386.70 million and the highest is $391.70 million. Advanced Disposal reported sales of $383.10 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.6%. The firm is expected to report its next quarterly earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that Advanced Disposal will report full year sales of $1.53 billion for the current fiscal year. For the next year, analysts forecast that the business will report sales of $1.58 billion per share, with estimates ranging from $1.58 billion to $1.59 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Advanced Disposal.
Advanced Disposal (NYSE:ADSW) last issued its quarterly earnings results on Wednesday, May 2nd. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. Advanced Disposal had a return on equity of 5.40% and a net margin of 3.11%. The firm had revenue of $364.70 million for the quarter, compared to analysts’ expectations of $361.88 million. During the same period in the previous year, the firm posted $0.04 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year.
A number of equities analysts recently weighed in on ADSW shares. UBS restated a “buy” rating and issued a $27.00 price objective (down from $29.00) on shares of Advanced Disposal in a report on Friday, February 23rd. Zacks Investment Research upgraded shares of Advanced Disposal from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, February 21st. ValuEngine upgraded shares of Advanced Disposal from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $26.00 price objective (down from $27.00) on shares of Advanced Disposal in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $26.50.
Shares of ADSW traded down $0.03 during mid-day trading on Monday, reaching $23.31. The company had a trading volume of 795,544 shares, compared to its average volume of 761,310. Advanced Disposal has a 52 week low of $21.50 and a 52 week high of $25.71. The stock has a market cap of $2.07 billion, a P/E ratio of 49.60, a P/E/G ratio of 2.52 and a beta of 0.58. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.10.
In related news, CFO Steven R. Carn sold 18,666 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $21.92, for a total value of $409,158.72. Following the completion of the transaction, the chief financial officer now directly owns 161,329 shares in the company, valued at approximately $3,536,331.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Highstar Capital Lp sold 21,987,453 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $22.43, for a total transaction of $493,178,570.79. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,036,966 shares of company stock valued at $494,267,443. 0.94% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC raised its stake in Advanced Disposal by 11.6% during the 1st quarter. MetLife Investment Advisors LLC now owns 22,985 shares of the company’s stock valued at $512,000 after buying an additional 2,383 shares during the last quarter. Victory Capital Management Inc. raised its stake in Advanced Disposal by 0.4% during the 1st quarter. Victory Capital Management Inc. now owns 797,653 shares of the company’s stock valued at $17,772,000 after buying an additional 2,820 shares during the last quarter. American International Group Inc. raised its stake in Advanced Disposal by 9.7% during the 1st quarter. American International Group Inc. now owns 32,316 shares of the company’s stock valued at $720,000 after buying an additional 2,857 shares during the last quarter. Bogle Investment Management L P DE raised its stake in Advanced Disposal by 6.2% during the 4th quarter. Bogle Investment Management L P DE now owns 50,143 shares of the company’s stock valued at $1,200,000 after buying an additional 2,946 shares during the last quarter. Finally, Monarch Partners Asset Management LLC raised its stake in Advanced Disposal by 0.4% during the 1st quarter. Monarch Partners Asset Management LLC now owns 746,492 shares of the company’s stock valued at $16,632,000 after buying an additional 2,980 shares during the last quarter.
About Advanced Disposal
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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