Advanced Disposal Services Inc (NYSE:ADSW) Expected to Post Earnings of $0.15 Per Share

Brokerages forecast that Advanced Disposal Services Inc (NYSE:ADSW) will report $0.15 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Advanced Disposal Services’ earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.19. Advanced Disposal Services reported earnings of $0.17 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 11.8%. The business is expected to issue its next earnings report on Wednesday, October 30th.

On average, analysts expect that Advanced Disposal Services will report full year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.33 to $0.61. For the next year, analysts expect that the company will post earnings of $0.59 per share, with EPS estimates ranging from $0.46 to $0.69. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Advanced Disposal Services.

Advanced Disposal Services (NYSE:ADSW) last announced its earnings results on Tuesday, July 30th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The firm had revenue of $419.10 million for the quarter, compared to the consensus estimate of $413.26 million. Advanced Disposal Services had a positive return on equity of 4.08% and a negative net margin of 0.59%. Advanced Disposal Services’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. First Analysis cut shares of Advanced Disposal Services from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 18th. Credit Suisse Group cut shares of Advanced Disposal Services from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $29.00 to $33.00 in a report on Friday, May 17th. Deutsche Bank cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a report on Tuesday, April 23rd. Finally, UBS Group cut shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a report on Wednesday, May 1st. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.25.

A number of institutional investors have recently added to or reduced their stakes in ADSW. Vanguard Group Inc. grew its stake in Advanced Disposal Services by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 6,638,602 shares of the company’s stock worth $211,837,000 after buying an additional 200,356 shares in the last quarter. DLD Asset Management LP purchased a new stake in shares of Advanced Disposal Services in the 2nd quarter valued at $13,562,000. CQS Cayman LP purchased a new stake in shares of Advanced Disposal Services in the 2nd quarter valued at $2,090,000. Laurion Capital Management LP purchased a new stake in shares of Advanced Disposal Services in the 2nd quarter valued at $627,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Advanced Disposal Services in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

Shares of NYSE ADSW traded down $0.02 during mid-day trading on Friday, reaching $32.47. 7,224 shares of the company’s stock traded hands, compared to its average volume of 880,199. The company has a market capitalization of $2.89 billion, a PE ratio of 56.00, a P/E/G ratio of 6.57 and a beta of 0.66. The business has a 50-day moving average of $32.32. Advanced Disposal Services has a 1-year low of $22.05 and a 1-year high of $33.01. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.62 and a current ratio of 0.62.

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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