Advanced Disposal Services Inc (ADSW) to Post Q1 2018 Earnings of $0.03 Per Share, Oppenheimer Forecasts

Advanced Disposal Services Inc (NYSE:ADSW) – Analysts at Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for shares of Advanced Disposal Services in a research report issued to clients and investors on Wednesday. Oppenheimer analyst N. Kaye expects that the company will post earnings per share of $0.03 for the quarter. Oppenheimer also issued estimates for Advanced Disposal Services’ Q2 2018 earnings at $0.19 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.20 EPS and FY2019 earnings at $0.77 EPS.

A number of other research firms have also recently issued reports on ADSW. Zacks Investment Research upgraded Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. KeyCorp initiated coverage on Advanced Disposal Services in a report on Thursday, November 30th. They set a “sector weight” rating on the stock. Stifel Nicolaus raised Advanced Disposal Services from a “hold” rating to a “buy” rating and raised their price target for the company from $26.00 to $28.00 in a report on Monday, December 11th. Credit Suisse Group lowered their price target on Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Finally, BidaskClub lowered Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.38.

Shares of Advanced Disposal Services (ADSW) opened at $23.67 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $2,060.07, a price-to-earnings ratio of 41.57, a price-to-earnings-growth ratio of 2.88 and a beta of -0.35. Advanced Disposal Services has a one year low of $20.94 and a one year high of $25.71.

A number of large investors have recently added to or reduced their stakes in ADSW. Vanguard Group Inc. grew its holdings in Advanced Disposal Services by 82.3% during the second quarter. Vanguard Group Inc. now owns 3,048,467 shares of the company’s stock worth $69,291,000 after acquiring an additional 1,376,582 shares during the period. Davidson Kempner Capital Management LP boosted its position in shares of Advanced Disposal Services by 117.0% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,025,000 shares of the company’s stock valued at $23,298,000 after purchasing an additional 552,554 shares during the period. FMR LLC boosted its position in shares of Advanced Disposal Services by 33.1% in the 2nd quarter. FMR LLC now owns 1,949,624 shares of the company’s stock valued at $44,315,000 after purchasing an additional 485,048 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Advanced Disposal Services by 21.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,298,990 shares of the company’s stock valued at $57,751,000 after purchasing an additional 404,308 shares during the period. Finally, Monarch Partners Asset Management LLC boosted its position in shares of Advanced Disposal Services by 109.8% in the 4th quarter. Monarch Partners Asset Management LLC now owns 743,512 shares of the company’s stock valued at $17,800,000 after purchasing an additional 389,049 shares during the period. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $24.05, for a total transaction of $448,917.30. Following the transaction, the insider now directly owns 120,405 shares of the company’s stock, valued at $2,895,740.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of Advanced Disposal Services stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $21.77, for a total value of $435,368,302.88. The disclosure for this sale can be found here. Insiders have sold 20,054,542 shares of company stock worth $436,687,056 over the last three months. Corporate insiders own 1.20% of the company’s stock.

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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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