Analysts expect Advanced Disposal Services Inc (NYSE:ADSW) to report $393.44 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Advanced Disposal Services’ earnings, with the lowest sales estimate coming in at $390.30 million and the highest estimate coming in at $395.52 million. Advanced Disposal Services reported sales of $392.70 million during the same quarter last year, which indicates a positive year over year growth rate of 0.2%. The firm is scheduled to announce its next earnings report on Wednesday, November 7th.
According to Zacks, analysts expect that Advanced Disposal Services will report full-year sales of $1.54 billion for the current fiscal year, with estimates ranging from $1.54 billion to $1.55 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.61 billion per share, with estimates ranging from $1.60 billion to $1.62 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Advanced Disposal Services.
Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Advanced Disposal Services had a net margin of 3.72% and a return on equity of 5.68%. The company had revenue of $398.10 million for the quarter, compared to analyst estimates of $390.72 million. During the same period in the prior year, the company earned $0.16 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis.
Separately, Zacks Investment Research lowered shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Advanced Disposal Services currently has a consensus rating of “Hold” and an average target price of $27.25.
A number of large investors have recently bought and sold shares of ADSW. Wells Fargo & Company MN boosted its holdings in Advanced Disposal Services by 21.5% in the first quarter. Wells Fargo & Company MN now owns 857,445 shares of the company’s stock valued at $19,104,000 after purchasing an additional 151,856 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Advanced Disposal Services by 15.3% during the 1st quarter. Rhumbline Advisers now owns 45,922 shares of the company’s stock worth $1,023,000 after acquiring an additional 6,090 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Advanced Disposal Services during the 1st quarter worth about $132,000. Trexquant Investment LP purchased a new stake in shares of Advanced Disposal Services during the 1st quarter worth about $944,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Advanced Disposal Services by 0.4% during the 1st quarter. Victory Capital Management Inc. now owns 797,653 shares of the company’s stock worth $17,772,000 after acquiring an additional 2,820 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.
NYSE:ADSW traded down $0.16 during mid-day trading on Wednesday, hitting $27.09. The company’s stock had a trading volume of 416,700 shares, compared to its average volume of 496,077. Advanced Disposal Services has a 1 year low of $21.50 and a 1 year high of $27.93. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 57.85, a PEG ratio of 3.02 and a beta of 0.62.
About Advanced Disposal Services
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.
Further Reading: Asset Allocation
Get a free copy of the Zacks research report on Advanced Disposal Services (ADSW)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Advanced Disposal Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Disposal Services and related companies with MarketBeat.com's FREE daily email newsletter.