Advanced Emissions Solutions (NASDAQ:ADES) Announces Quarterly Earnings Results

Advanced Emissions Solutions (NASDAQ:ADES) issued its quarterly earnings data on Monday. The industrial products company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.30), Bloomberg Earnings reports. Advanced Emissions Solutions had a return on equity of 50.52% and a net margin of 107.16%. The company had revenue of $15.58 million during the quarter, compared to analysts’ expectations of $21.26 million.

Shares of NASDAQ ADES traded down $0.36 on Tuesday, reaching $11.97. 6,826 shares of the company’s stock traded hands, compared to its average volume of 104,271. Advanced Emissions Solutions has a 12 month low of $9.01 and a 12 month high of $13.52. The company has a 50 day moving average of $12.73. The stock has a market cap of $236.60 million, a P/E ratio of 6.82 and a beta of 1.14. The company has a current ratio of 1.41, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42.

Several hedge funds and other institutional investors have recently made changes to their positions in ADES. BNP Paribas Arbitrage SA increased its stake in shares of Advanced Emissions Solutions by 96.8% during the first quarter. BNP Paribas Arbitrage SA now owns 3,854 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 1,896 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Advanced Emissions Solutions by 191.8% during the second quarter. Advisory Services Network LLC now owns 3,966 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 2,607 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Advanced Emissions Solutions by 76.1% during the fourth quarter. Advisor Group Inc. now owns 4,801 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 2,074 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Advanced Emissions Solutions by 110.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 16,547 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 8,675 shares in the last quarter. Finally, Ibex Investors LLC bought a new stake in shares of Advanced Emissions Solutions during the second quarter valued at approximately $229,000. 73.56% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on ADES shares. Zacks Investment Research upgraded shares of Advanced Emissions Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. ValuEngine upgraded shares of Advanced Emissions Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th.

About Advanced Emissions Solutions

ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.

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Earnings History for Advanced Emissions Solutions (NASDAQ:ADES)

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