Advanced Disposal Services Inc (ADSW) Expected to Post Earnings of $0.06 Per Share

Wall Street analysts expect Advanced Disposal Services Inc (NYSE:ADSW) to post earnings per share (EPS) of $0.06 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Advanced Disposal Services’ earnings. The lowest EPS estimate is $0.05 and the highest is $0.09. Advanced Disposal Services reported earnings of $0.09 per share in the same quarter last year, which would indicate a negative year over year growth rate of 33.3%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, April 30th.

On average, analysts expect that Advanced Disposal Services will report full year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.57 to $0.63. For the next financial year, analysts forecast that the business will post earnings of $0.72 per share, with EPS estimates ranging from $0.64 to $0.77. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Advanced Disposal Services.

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

Several research firms have commented on ADSW. Zacks Investment Research lowered shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. Morgan Stanley set a $24.00 price objective on shares of Advanced Disposal Services and gave the company a “hold” rating in a research report on Tuesday, January 8th. UBS Group increased their price objective on shares of 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 shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research report on Thursday, April 11th. Finally, TheStreet lowered shares of Advanced Disposal Services from a “b-” rating to a “c+” rating in a research report on Monday, December 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $29.29.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. raised its position in Advanced Disposal Services by 2.6% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 19,940 shares of the company’s stock worth $477,000 after buying an additional 500 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Advanced Disposal Services by 43.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,157 shares of the company’s stock worth $52,000 after buying an additional 650 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Advanced Disposal Services by 20.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,527 shares of the company’s stock worth $108,000 after buying an additional 783 shares during the last quarter. Eagle Asset Management Inc. raised its position in Advanced Disposal Services by 0.6% during the 4th quarter. Eagle Asset Management Inc. now owns 154,359 shares of the company’s stock worth $3,695,000 after buying an additional 918 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Advanced Disposal Services during the 4th quarter worth approximately $26,000.

Shares of ADSW stock traded up $0.28 during mid-day trading on Wednesday, hitting $32.70. 2,044,724 shares of the stock traded hands, compared to its average volume of 725,485. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 56.38, a PEG ratio of 5.37 and a beta of 0.73. Advanced Disposal Services has a 52-week low of $21.80 and a 52-week high of $32.99. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.65 and a current ratio of 0.65.

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

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