Wall Street brokerages expect Advanced Disposal Services Inc (NYSE:ADSW) to report $374.20 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Advanced Disposal Services’ earnings, with the lowest sales estimate coming in at $371.00 million and the highest estimate coming in at $379.78 million. Advanced Disposal Services posted sales of $352.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The firm is expected to issue its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Advanced Disposal Services will report full year sales of $374.20 million for the current year, with estimates ranging from $1.49 billion to $1.50 billion. For the next financial year, analysts forecast that the business will post sales of $1.57 billion per share, with estimates ranging from $1.56 billion to $1.57 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Advanced Disposal Services.

Advanced Disposal Services (NYSE:ADSW) last released its earnings results on Wednesday, November 1st. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). The firm had revenue of $392.70 million for the quarter, compared to analyst estimates of $383.11 million. Advanced Disposal Services had a positive return on equity of 5.84% and a negative net margin of 1.61%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS.

ADSW has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Credit Suisse Group cut their target price on shares of Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Stifel Nicolaus raised shares of Advanced Disposal Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $28.00 in a research report on Monday, December 11th. BidaskClub raised shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, KeyCorp initiated coverage on shares of Advanced Disposal Services in a research report on Thursday, November 30th. They set a “sector weight” rating for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $26.38.

Advanced Disposal Services (NYSE:ADSW) opened at $24.17 on Friday. The firm has a market cap of $2,140.00 and a price-to-earnings ratio of -86.32. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.25. Advanced Disposal Services has a 52-week low of $20.94 and a 52-week high of $25.71.

In other news, CFO Steven R. Carn sold 18,666 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $23.07, for a total transaction of $430,624.62. Following the transaction, the chief financial officer now owns 157,737 shares in the company, valued at approximately $3,638,992.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $21.77, for a total transaction of $435,368,302.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,054,542 shares of company stock worth $436,697,322. Insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Advanced Disposal Services in the third quarter valued at about $119,000. Legal & General Group Plc increased its stake in Advanced Disposal Services by 14.1% in the second quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock valued at $146,000 after acquiring an additional 795 shares during the period. Parametric Portfolio Associates LLC bought a new stake in Advanced Disposal Services in the second quarter valued at about $220,000. Voya Investment Management LLC bought a new stake in Advanced Disposal Services in the second quarter valued at about $238,000. Finally, Convergence Investment Partners LLC bought a new stake in Advanced Disposal Services in the third quarter valued at about $349,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

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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.

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