Brokerages forecast that Advanced Disposal Services Inc (NYSE:ADSW) will announce $0.13 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Advanced Disposal Services’ earnings, with estimates ranging from $0.10 to $0.15. Advanced Disposal Services also posted earnings per share of $0.13 in the same quarter last year. The company is scheduled to issue its next earnings report on Thursday, February 28th.
According to Zacks, analysts expect that Advanced Disposal Services will report full year earnings of $0.58 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.60. For the next fiscal year, analysts forecast that the business will post earnings of $0.66 per share, with EPS estimates ranging from $0.47 to $0.74. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Advanced Disposal Services.
Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The firm had revenue of $400.60 million during the quarter, compared to analysts’ expectations of $396.26 million. Advanced Disposal Services had a net margin of 3.16% and a return on equity of 5.71%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS.
A number of research analysts have recently weighed in on the stock. Morgan Stanley set a $26.00 target price on shares of Advanced Disposal Services and gave the company a “hold” rating in a research report on Friday, November 2nd. Zacks Investment Research downgraded shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Oppenheimer reissued a “buy” rating on shares of Advanced Disposal Services in a research report on Wednesday, October 31st. ValuEngine raised shares of Advanced Disposal Services from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Finally, Bank of America downgraded shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a research report on Wednesday, October 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.71.
Shares of Advanced Disposal Services stock traded up $0.55 on Wednesday, reaching $26.25. 376,209 shares of the company traded hands, compared to its average volume of 488,223. Advanced Disposal Services has a 52 week low of $21.50 and a 52 week high of $27.93. The company has a market capitalization of $2.24 billion, a P/E ratio of 55.85, a P/E/G ratio of 2.92 and a beta of 0.42. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 2.02.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in Advanced Disposal Services in the 2nd quarter worth approximately $100,000. Bank of Montreal Can boosted its holdings in Advanced Disposal Services by 1,329.9% in the 3rd quarter. Bank of Montreal Can now owns 7,364 shares of the company’s stock worth $199,000 after buying an additional 6,849 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Advanced Disposal Services in the 1st quarter worth approximately $230,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Advanced Disposal Services in the 2nd quarter worth approximately $258,000. Finally, PEAK6 Investments L.P. bought a new position in Advanced Disposal Services in the 2nd quarter worth approximately $266,000. 97.41% of the stock is owned by hedge funds and other institutional investors.
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.
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