Covanta Holding Corp. Announces Quarterly Dividend of $0.17 (CVA)
Covanta Holding Corp. (NYSE:CVA) announced a quarterly dividend on Tuesday, September 10th, StockRatingsNetwork reports. Investors of record on Monday, September 30th will be paid a dividend of $0.165 per share on Monday, October 7th. This represents a $0.66 annualized dividend and a dividend yield of 3.04%.
A number of analysts have recently weighed in on CVA shares. Analysts at Wedbush raised their price target on shares of Covanta Holding Corp. (NYSE:CVA) from $22.00 to $24.00 in a research note to investors on Tuesday, August 27th. They now have an “outperform” rating on the stock. On a related note, analysts at Wunderlich raised their price target on shares of Covanta Holding Corp. (NYSE:CVA) from $23.00 to $25.00 in a research note to investors on Monday, August 26th. Finally, analysts at Ardour Capital reiterated a “hold” rating on shares of Covanta Holding Corp. (NYSE:CVA) in a research note to investors on Tuesday, August 20th. They now have a $21.00 price target on the stock.
Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $23.00.
Shares of Covanta Holding Corp. (NYSE:CVA) opened at 21.69 on Wednesday. Covanta Holding Corp. has a one year low of $16.90 and a one year high of $21.77. The stock has a 50-day moving average of $21.03 and a 200-day moving average of $20.26. The company has a market cap of $2.798 billion and a price-to-earnings ratio of 63.61.
Covanta Holding Corp. (NYSE:CVA) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.05. The company had revenue of $413.00 million for the quarter, compared to the consensus estimate of $402.71 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts predict that Covanta Holding Corp. will post $0.44 earnings per share for the current fiscal year.
In other Covanta Holding Corp. news, VP Timothy Simpson unloaded 14,144 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $21.13, for a total transaction of $298,862.72. Following the completion of the sale, the vice president now directly owns 99,666 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Covanta Holding Corporation (NYSE:CVA) is a holding company.
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