Wall Street brokerages predict that Advanced Disposal Services Inc (NYSE:ADSW) will report $414.21 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Advanced Disposal Services’ earnings, with estimates ranging from $412.80 million to $416.63 million. Advanced Disposal Services reported sales of $398.10 million during the same quarter last year, which would suggest a positive year over year growth rate of 4%. The firm is expected to report its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Advanced Disposal Services will report full year sales of $1.62 billion for the current fiscal year, with estimates ranging from $1.61 billion to $1.63 billion. For the next year, analysts expect that the company will post sales of $1.69 billion, with estimates ranging from $1.68 billion to $1.70 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Advanced Disposal Services.
Advanced Disposal Services (NYSE:ADSW) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.04). The firm had revenue of $384.00 million during the quarter, compared to analyst estimates of $376.19 million. Advanced Disposal Services had a net margin of 0.08% and a return on equity of 4.99%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 EPS.
Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. ValuEngine raised Advanced Disposal Services from a “hold” rating to a “buy” rating in a report on Monday, April 29th. UBS Group upped their price target on Advanced Disposal Services from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Stifel Nicolaus lowered Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research report on Thursday, April 11th. Finally, First Analysis lowered Advanced Disposal Services from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Advanced Disposal Services currently has an average rating of “Hold” and a consensus target price of $29.75.
Shares of Advanced Disposal Services stock opened at $32.37 on Friday. Advanced Disposal Services has a fifty-two week low of $22.05 and a fifty-two week high of $33.01. The firm has a market capitalization of $2.87 billion, a PE ratio of 55.81, a PEG ratio of 5.64 and a beta of 0.84. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.99.
Large investors have recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY increased its position in Advanced Disposal Services by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 23,512 shares of the company’s stock worth $563,000 after purchasing an additional 18,363 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Advanced Disposal Services during the 4th quarter valued at about $26,000. Bank of New York Mellon Corp increased its holdings in shares of Advanced Disposal Services by 2.6% during the 4th quarter. Bank of New York Mellon Corp now owns 257,863 shares of the company’s stock valued at $6,173,000 after acquiring an additional 6,508 shares during the last quarter. Sawgrass Asset Management LLC acquired a new position in shares of Advanced Disposal Services during the 4th quarter valued at about $362,000. Finally, Rhumbline Advisers increased its holdings in shares of Advanced Disposal Services by 50.6% during the 4th quarter. Rhumbline Advisers now owns 97,329 shares of the company’s stock valued at $2,330,000 after acquiring an additional 32,707 shares during the last quarter.
Advanced Disposal Services Company Profile
Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. The company is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. It also supplies commercial and industrial customers with waste containers; rents or sells compactors to large waste generators; and provides roll-off containers, as well as waste collection, transportation, and disposal services to construction and demolition sites.
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