FY2019 EPS Estimates for Advanced Disposal Services Inc Decreased by Analyst (NYSE:ADSW)

Advanced Disposal Services Inc (NYSE:ADSW) – Research analysts at Oppenheimer lowered their FY2019 EPS estimates for Advanced Disposal Services in a report released on Monday, April 15th, Zacks Investment Research reports. Oppenheimer analyst N. Kaye now expects that the company will earn $0.57 per share for the year, down from their prior forecast of $0.60.

Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Advanced Disposal Services had a net margin of 0.08% and a return on equity of 4.99%. The company had revenue of $384.00 million for the quarter, compared to analyst estimates of $376.19 million. During the same period in the previous year, the business earned $0.02 EPS. The firm’s revenue was up 5.3% on a year-over-year basis.

ADSW has been the topic of several other reports. UBS Group increased their target price on Advanced Disposal Services from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Bank of America downgraded Advanced Disposal Services from a “neutral” rating to an “underperform” rating and set a $27.00 target price on the stock. in a research report on Tuesday, February 19th. Zacks Investment Research downgraded Advanced Disposal Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. KeyCorp initiated coverage on Advanced Disposal Services in a research report on Monday, February 4th. They set a “sector weight” rating on the stock. Finally, Stifel Nicolaus downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.75.

NYSE ADSW traded up $0.04 during trading hours on Wednesday, hitting $32.37. 931,203 shares of the company’s stock were exchanged, compared to its average volume of 2,899,242. Advanced Disposal Services has a 12-month low of $22.05 and a 12-month high of $33.01. The company has a market capitalization of $2.87 billion, a PE ratio of 55.81, a price-to-earnings-growth ratio of 5.64 and a beta of 0.84. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.99.

Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Advanced Disposal Services by 5.5% during the 1st quarter. JPMorgan Chase & Co. now owns 6,074,522 shares of the company’s stock valued at $170,086,000 after buying an additional 317,576 shares during the period. Vanguard Group Inc. raised its holdings 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 valued at $159,628,000 after buying an additional 240,096 shares during the period. Vanguard Group Inc raised its holdings 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 valued at $159,628,000 after buying an additional 240,096 shares during the period. BlackRock Inc. raised its holdings in shares of Advanced Disposal Services by 5.1% during the 4th quarter. BlackRock Inc. now owns 4,978,355 shares of the company’s stock valued at $119,183,000 after buying an additional 241,958 shares during the period. Finally, Norges Bank purchased a new stake in shares of Advanced Disposal Services during 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. 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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