$0.04 EPS Expected for Advanced Disposal (ADSW) This Quarter

Wall Street analysts predict that Advanced Disposal (NYSE:ADSW) will post earnings per share of $0.04 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Advanced Disposal’s earnings, with estimates ranging from $0.00 to $0.06. Advanced Disposal also reported earnings of $0.04 per share in the same quarter last year. The company is expected to report its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Advanced Disposal will report full-year earnings of $0.56 per share for the current year, with EPS estimates ranging from $0.43 to $0.62. For the next fiscal year, analysts expect that the firm will post earnings of $0.73 per share, with EPS estimates ranging from $0.71 to $0.77. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Advanced Disposal.

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Advanced Disposal (NYSE:ADSW) last released its earnings results on Thursday, February 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Advanced Disposal had a net margin of 2.54% and a return on equity of 5.03%. The company had revenue of $384.40 million during the quarter, compared to analysts’ expectations of $374.30 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Advanced Disposal’s revenue for the quarter was up 9.2% compared to the same quarter last year.

ADSW has been the subject of a number of recent analyst reports. UBS restated a “buy” rating and issued a $27.00 target price (down from $29.00) on shares of Advanced Disposal in a report on Friday, February 23rd. Stifel Nicolaus upgraded shares of Advanced Disposal from a “hold” rating to a “buy” rating and boosted their target price for the company from $26.00 to $28.00 in a report on Monday, December 11th. Zacks Investment Research downgraded shares of Advanced Disposal from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $26.00 target price (down from $27.00) on shares of Advanced Disposal in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $26.50.

In other Advanced Disposal news, insider Steven R. Carn sold 18,666 shares of Advanced Disposal stock in a transaction that occurred on Thursday, February 1st. The shares were 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Steven R. Carn sold 15,420 shares of Advanced Disposal stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $22.12, for a total transaction of $341,090.40. Following the transaction, the insider now directly owns 145,909 shares in the company, valued at $3,227,507.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,752 shares of company stock worth $1,199,166. 1.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in ADSW. SG Americas Securities LLC acquired a new position in shares of Advanced Disposal during the third quarter worth $119,000. Legal & General Group Plc lifted its position in shares of Advanced Disposal by 60.2% during the third quarter. Legal & General Group Plc now owns 10,296 shares of the company’s stock worth $259,000 after purchasing an additional 3,870 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in shares of Advanced Disposal during the third quarter worth $349,000. UBS Asset Management Americas Inc. lifted its position in shares of Advanced Disposal by 88.8% during the fourth quarter. UBS Asset Management Americas Inc. now owns 15,100 shares of the company’s stock worth $361,000 after purchasing an additional 7,100 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of Advanced Disposal during the third quarter worth $439,000.

Advanced Disposal stock traded down $0.36 during trading on Friday, reaching $22.33. The company had a trading volume of 388,232 shares, compared to its average volume of 677,275. Advanced Disposal has a 12-month low of $20.94 and a 12-month high of $25.71. The company has a market cap of $2,008.26, a price-to-earnings ratio of 47.51, a PEG ratio of 2.63 and a beta of 0.57. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.66 and a current ratio of 0.66.

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Advanced Disposal Company Profile

Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. It is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. The company 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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