Advanced Disposal Services Inc (NASDAQ:ADSW) announced its quarterly earnings results on Wednesday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01), Bloomberg Earnings reports. The business had revenue of $392.70 million for the quarter, compared to analysts’ expectations of $383.11 million. Advanced Disposal Services had a negative return on equity of 0.10% and a negative net margin of 0.05%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share.

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In related news, insider Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $24.60, for a total value of $459,183.60. Following the completion of the transaction, the insider now directly owns 176,403 shares in the company, valued at $4,339,513.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 55,998 shares of company stock valued at $1,378,484 over the last quarter.

A number of analysts have issued reports on ADSW shares. Zacks Investment Research downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price target on shares of Advanced Disposal Services in a report on Friday, July 28th. Barclays PLC downgraded Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 price target for the company. in a report on Monday, August 7th. Deutsche Bank AG lifted their price target on Advanced Disposal Services from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, BidaskClub raised Advanced Disposal Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.00.

Advanced Disposal Services Company Profile

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.

Earnings History for Advanced Disposal Services (NASDAQ:ADSW)

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