Zacks: Analysts Expect Advanced Disposal Services Inc (NASDAQ:ADSW) Will Announce Quarterly Sales of $372.91 Million
Wall Street brokerages expect that Advanced Disposal Services Inc (NASDAQ:ADSW) will announce $372.91 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Advanced Disposal Services’ earnings, with estimates ranging from $369.50 million to $376.44 million. The business is scheduled to issue its next earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Advanced Disposal Services will report full year sales of $372.91 million for the current fiscal year, with estimates ranging from $1.46 billion to $1.48 billion. For the next financial year, analysts forecast that the firm will post sales of $1.52 billion per share, with estimates ranging from $1.51 billion to $1.53 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Advanced Disposal Services.
Advanced Disposal Services (NASDAQ:ADSW) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.06. The business had revenue of $347.40 million during the quarter, compared to analysts’ expectations of $341.08 million. Advanced Disposal Services had a negative net margin of 2.01% and a negative return on equity of 3.39%. The company’s quarterly revenue was up 4.1% on a year-over-year basis.
A number of brokerages recently weighed in on ADSW. Zacks Investment Research cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Advanced Disposal Services in a research report on Thursday, May 4th. CIBC restated a “buy” rating on shares of Advanced Disposal Services in a research report on Friday, May 5th. Finally, ValuEngine upgraded shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research report on Friday, May 19th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Advanced Disposal Services has a consensus rating of “Buy” and an average target price of $24.80.
In other news, insider Steven R. Carn sold 55,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $21.87, for a total value of $1,202,850.00. Following the completion of the transaction, the insider now owns 369,733 shares in the company, valued at approximately $8,086,060.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven R. Carn sold 18,666 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $22.73, for a total transaction of $424,278.18. Following the completion of the transaction, the chief financial officer now owns 251,067 shares of the company’s stock, valued at approximately $5,706,752.91. The disclosure for this sale can be found here. Insiders sold a total of 173,666 shares of company stock valued at $3,947,628 in the last quarter.
Several institutional investors have recently made changes to their positions in ADSW. FMR LLC bought a new position in shares of Advanced Disposal Services during the fourth quarter worth about $28,897,000. State Street Corp bought a new position in shares of Advanced Disposal Services during the fourth quarter worth about $6,475,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Advanced Disposal Services during the first quarter worth about $559,000. Two Sigma Investments LP bought a new position in shares of Advanced Disposal Services during the fourth quarter worth about $2,628,000. Finally, Spark Investment Management LLC bought a new position in shares of Advanced Disposal Services during the first quarter worth about $2,641,000.
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Advanced Disposal Services (NASDAQ:ADSW) opened at 22.71 on Friday. The stock’s market cap is $2.00 billion. The firm has a 50 day moving average of $22.96 and a 200-day moving average of $22.56. Advanced Disposal Services has a 12-month low of $18.32 and a 12-month high of $24.10.
About Advanced Disposal Services
Advanced Disposal Services, Inc is an integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services operating primarily in secondary markets or under exclusive arrangements. The Company’s segments include South, East, Midwest and Corporate. As of December 31, 2016, the Company had its presence in 16 states across the Midwest, South and East regions of the United States, as well as in the Commonwealth of the Bahamas, served approximately 2.7 million residential customers and over 200,000 commercial and industrial (C&I) customers through its network of 90 collection operations, 72 transfer stations, 21 owned or operated recycling facilities and 39 owned or operated active landfills.
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