Advanced Disposal Services (NYSE:ADSW) announced its quarterly earnings results on Wednesday. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01), Briefing.com reports. The company had revenue of $400.60 million during the quarter, compared to analysts’ expectations of $396.26 million. Advanced Disposal Services had a return on equity of 5.68% and a net margin of 3.72%. Advanced Disposal Services’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share.
ADSW opened at $24.72 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.69 and a current ratio of 0.69. Advanced Disposal Services has a 52-week low of $21.50 and a 52-week high of $27.93. The company has a market cap of $2.38 billion, a PE ratio of 52.60, a price-to-earnings-growth ratio of 2.99 and a beta of 0.61.
A number of equities analysts have commented on ADSW shares. First Analysis lifted their price target on Advanced Disposal Services to $32.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 18th. Bank of America cut Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Wednesday, October 24th. They noted that the move was a valuation call. Morgan Stanley started coverage on Advanced Disposal Services in a research note on Friday, October 12th. They issued a “weight” rating and a $27.00 price target on the stock. Zacks Investment Research cut Advanced Disposal Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Advanced Disposal Services in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $27.86.
Advanced Disposal Services 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.
Further Reading: Short Selling – Explanation For Shorting Stocks
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.