Zacks: Analysts Expect Advanced Disposal Services Inc (ADSW) Will Announce Quarterly Sales of $381.27 Million
Equities analysts expect Advanced Disposal Services Inc (NASDAQ:ADSW) to report $381.27 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Advanced Disposal Services’ earnings. The lowest sales estimate is $377.50 million and the highest is $383.60 million. Advanced Disposal Services posted sales of $360.60 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.7%. The company is expected to issue its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that Advanced Disposal Services will report full-year sales of $381.27 million for the current year, with estimates ranging from $1.47 billion to $1.49 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.54 billion per share, with estimates ranging from $1.53 billion to $1.55 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Advanced Disposal Services.
Advanced Disposal Services (NASDAQ:ADSW) last posted its earnings results on Wednesday, November 1st. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. The firm had revenue of $392.70 million during the quarter, compared to analyst estimates of $383.11 million. During the same period in the previous year, the company posted $0.06 EPS. Advanced Disposal Services’s revenue for the quarter was up 8.9% compared to the same quarter last year.
ADSW has been the topic of a number of research reports. Stifel Nicolaus cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a report on Wednesday, October 4th. Zacks Investment Research cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Deutsche Bank AG lifted their price target on shares of Advanced Disposal Services from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, August 7th. BidaskClub raised shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Barclays PLC cut shares of Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 price target on the stock. in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.00.
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In related news, insider Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $25.36, for a total value of $473,369.76. Following the completion of the transaction, the insider now directly owns 195,069 shares in the company, valued at approximately $4,946,949.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 55,998 shares of company stock valued at $1,378,484 over the last quarter.
A number of institutional investors have recently added to or reduced their stakes in ADSW. Bank of New York Mellon Corp grew its stake in Advanced Disposal Services by 13.7% in the 1st quarter. Bank of New York Mellon Corp now owns 79,430 shares of the company’s stock valued at $1,796,000 after buying an additional 9,595 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Advanced Disposal Services by 40.9% in the 1st quarter. Ameriprise Financial Inc. now owns 59,250 shares of the company’s stock valued at $1,339,000 after buying an additional 17,200 shares in the last quarter. American International Group Inc. purchased a new position in Advanced Disposal Services in the 1st quarter valued at approximately $288,000. FMR LLC grew its stake in Advanced Disposal Services by 12.6% in the 1st quarter. FMR LLC now owns 1,464,576 shares of the company’s stock valued at $33,099,000 after buying an additional 164,050 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in Advanced Disposal Services by 884.6% in the 1st quarter. Teachers Advisors LLC now owns 358,859 shares of the company’s stock valued at $8,110,000 after buying an additional 322,411 shares in the last quarter.
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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