Advanced Disposal Services Inc Expected to Earn FY2018 Earnings of $0.62 Per Share (ADSW)

Advanced Disposal Services Inc (NYSE:ADSW) – Analysts at Oppenheimer boosted their FY2018 earnings per share estimates for shares of Advanced Disposal Services in a research note issued to investors on Wednesday. Oppenheimer analyst N. Kaye now forecasts that the company will post earnings per share of $0.62 for the year, up from their prior estimate of $0.57.

ADSW has been the topic of several other research reports. BidaskClub downgraded Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Zacks Investment Research raised shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. Credit Suisse Group dropped their price target on shares of Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating on the stock 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 raised their price target for the company from $26.00 to $28.00 in a research report on Monday, December 11th. Finally, KeyCorp started coverage on shares of Advanced Disposal Services in a research report on Thursday, November 30th. They issued a “sector weight” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $26.38.

Shares of Advanced Disposal Services (NYSE ADSW) traded down $0.08 during midday trading on Friday, hitting $22.89. The stock had a trading volume of 141,024 shares, compared to its average volume of 347,035. Advanced Disposal Services has a twelve month low of $20.94 and a twelve month high of $25.71. The stock has a market capitalization of $2,089.28, a P/E ratio of -82.03, a price-to-earnings-growth ratio of 2.92 and a beta of -0.35. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.63 and a current ratio of 0.63.

A number of large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in Advanced Disposal Services in the 3rd quarter worth approximately $119,000. Legal & General Group Plc increased its position in shares of 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 buying an additional 795 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of Advanced Disposal Services in the second quarter valued at $220,000. Voya Investment Management LLC purchased a new stake in Advanced Disposal Services during the 2nd quarter worth about $238,000. Finally, Convergence Investment Partners LLC purchased a new stake in Advanced Disposal Services during the 3rd quarter worth about $349,000. Institutional investors own 96.09% of the company’s stock.

In other news, major shareholder Highstar Capital Lp sold 19,998,544 shares of Advanced Disposal Services stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $21.77, for a total transaction of $435,368,302.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $23.53, for a total transaction of $439,210.98. Following the completion of the transaction, the insider now owns 139,071 shares in the company, valued at approximately $3,272,340.63. The disclosure for this sale can be found here. Insiders have sold a total of 20,054,542 shares of company stock valued at $436,687,056 over the last ninety days. 1.20% of the stock is currently owned by insiders.

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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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