$0.08 Earnings Per Share Expected for Advanced Disposal Services Inc (ADSW) This Quarter

Equities analysts expect Advanced Disposal Services Inc (NYSE:ADSW) to post $0.08 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Advanced Disposal Services’ earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.10. Advanced Disposal Services posted earnings of $0.09 per share during the same quarter last year, which would suggest a negative year over year growth rate of 11.1%. The company is scheduled to report its next earnings report after the market closes on Tuesday, April 30th.

According to Zacks, analysts expect that Advanced Disposal Services will report full-year earnings of $0.61 per share for the current financial year, with EPS estimates ranging from $0.58 to $0.63. For the next financial year, analysts anticipate that the business will post earnings of $0.72 per share, with EPS estimates ranging from $0.64 to $0.78. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Advanced Disposal Services.

Advanced Disposal Services (NYSE:ADSW) last issued its earnings results on Thursday, February 21st. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. Advanced Disposal Services had a return on equity of 5.69% and a net margin of 0.60%. The business had revenue of $394.80 million during the quarter, compared to the consensus estimate of $386.64 million. During the same period last year, the company earned $0.13 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis.

A number of brokerages have issued reports on ADSW. Zacks Investment Research downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Morgan Stanley set a $24.00 target price on Advanced Disposal Services and gave the stock a “hold” rating in a research note on Tuesday, January 8th. TheStreet downgraded Advanced Disposal Services from a “b-” rating to a “c+” rating in a research note on Monday, December 24th. KeyCorp began coverage on Advanced Disposal Services in a research note on Monday, February 4th. They issued a “sector weight” rating for the company. Finally, Bank of America downgraded Advanced Disposal Services from a “neutral” rating to an “underperform” rating and set a $27.00 target price for the company. in a research note on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $28.40.

Shares of ADSW traded down $0.02 during midday trading on Monday, reaching $28.00. The company had a trading volume of 413,521 shares, compared to its average volume of 276,429. Advanced Disposal Services has a 1-year low of $21.80 and a 1-year high of $28.35. The company has a market capitalization of $2.49 billion, a PE ratio of 48.28, a price-to-earnings-growth ratio of 4.64 and a beta of 0.72. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.99.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Advanced Disposal Services by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,894,669 shares of the company’s stock worth $159,628,000 after purchasing an additional 240,096 shares during the last quarter. Vanguard Group Inc increased its position in shares of Advanced Disposal Services by 4.2% during the 3rd quarter. Vanguard Group Inc now owns 5,894,669 shares of the company’s stock worth $159,628,000 after purchasing an additional 240,096 shares during the last quarter. JPMorgan Chase & Co. grew its position in Advanced Disposal Services by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,555,920 shares of the company’s stock valued at $150,454,000 after acquiring an additional 643,481 shares in the last quarter. BlackRock Inc. grew its position in Advanced Disposal Services by 5.1% in the 4th quarter. BlackRock Inc. now owns 4,978,355 shares of the company’s stock valued at $119,183,000 after acquiring an additional 241,958 shares in the last quarter. Finally, Norges Bank acquired a new position in Advanced Disposal Services in the 4th quarter valued at about $69,133,000.

About Advanced Disposal Services

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.

Recommended Story: Asset Allocation Models, Which is Right For You?

Get a free copy of the Zacks research report on Advanced Disposal Services (ADSW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Advanced Disposal Services (NYSE:ADSW)

Receive News & Ratings for Advanced Disposal Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Disposal Services and related companies with MarketBeat.com's FREE daily email newsletter.