Advanced Disposal Services Inc to Post FY2018 Earnings of $0.60 Per Share, First Analysis Forecasts (ADSW)

Advanced Disposal Services Inc (NYSE:ADSW) – Research analysts at First Analysis lowered their FY2018 earnings per share (EPS) estimates for Advanced Disposal Services in a research note issued to investors on Thursday, November 1st. First Analysis analyst C. Greendale now expects that the company will earn $0.60 per share for the year, down from their prior forecast of $0.65. First Analysis currently has a “Strong-Buy” rating and a $32.00 target price on the stock. First Analysis also issued estimates for Advanced Disposal Services’ Q4 2018 earnings at $0.15 EPS, Q1 2019 earnings at $0.09 EPS and FY2019 earnings at $0.74 EPS.

Advanced Disposal Services (NYSE:ADSW) last issued its earnings results on Wednesday, October 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $400.60 million during the quarter, compared to the consensus estimate of $396.26 million. Advanced Disposal Services had a net margin of 3.16% and a return on equity of 5.71%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS.

Several other research analysts have also issued reports on the stock. Bank of America lowered shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $27.00 target price 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 shares of Advanced Disposal Services in a research note on Friday, October 12th. They issued a “weight” rating and a $27.00 target price on the stock. Zacks Investment Research lowered shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Oppenheimer reaffirmed a “buy” rating on shares of Advanced Disposal Services in a research note on Wednesday, October 31st. Finally, ValuEngine raised shares of Advanced Disposal Services from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $27.71.

Shares of NYSE ADSW opened at $25.20 on Monday. The stock has a market capitalization of $2.24 billion, a PE ratio of 53.64, a price-to-earnings-growth ratio of 2.92 and a beta of 0.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.71 and a current ratio of 0.71. Advanced Disposal Services has a 1 year low of $21.50 and a 1 year high of $27.93.

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC acquired a new stake in Advanced Disposal Services during the 2nd quarter worth approximately $100,000. Bank of Montreal Can raised its holdings in shares of Advanced Disposal Services by 1,329.9% in the third quarter. Bank of Montreal Can now owns 7,364 shares of the company’s stock valued at $199,000 after purchasing an additional 6,849 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Advanced Disposal Services in the first quarter valued at approximately $230,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Advanced Disposal Services in the second quarter valued at approximately $258,000. Finally, PEAK6 Investments L.P. acquired a new stake in shares of Advanced Disposal Services in the second quarter valued at approximately $266,000. Hedge funds and other institutional investors own 97.41% of the company’s stock.

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.

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Earnings History and Estimates for Advanced Disposal Services (NYSE:ADSW)

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