Advanced Disposal Services Inc (NYSE:ADSW) Expected to Announce Earnings of $0.13 Per Share

Wall Street analysts forecast that Advanced Disposal Services Inc (NYSE:ADSW) will post earnings per share of $0.13 for the current quarter, Zacks reports. Two analysts have made estimates for Advanced Disposal Services’ earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.10. Advanced Disposal Services also posted earnings of $0.13 per share during the same quarter last year. The firm is scheduled to report its next earnings report on Thursday, February 20th.

According to Zacks, analysts expect that Advanced Disposal Services will report full year earnings of $0.43 per share for the current year, with EPS estimates ranging from $0.34 to $0.52. For the next fiscal year, analysts forecast that the firm will post earnings of $0.57 per share, with EPS estimates ranging from $0.46 to $0.68. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Advanced Disposal Services.

Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. The firm had revenue of $419.50 million during the quarter, compared to analysts’ expectations of $419.81 million. Advanced Disposal Services had a positive return on equity of 4.26% and a negative net margin of 0.06%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 EPS.

ADSW has been the subject of several recent research reports. ValuEngine cut Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Advanced Disposal Services from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Advanced Disposal Services has a consensus rating of “Hold” and an average price target of $31.00.

In other Advanced Disposal Services news, VP Michael K. Slattery sold 126,904 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $32.87, for a total value of $4,171,334.48. Following the completion of the transaction, the vice president now owns 190,317 shares of the company’s stock, valued at approximately $6,255,719.79. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of ADSW. Strs Ohio acquired a new position in Advanced Disposal Services in the 2nd quarter valued at approximately $105,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Advanced Disposal Services in the 2nd quarter worth approximately $1,241,000. ARP Americas LP acquired a new position in shares of Advanced Disposal Services in the 2nd quarter worth approximately $50,525,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Advanced Disposal Services by 52.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,464 shares of the company’s stock worth $174,000 after buying an additional 1,890 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Advanced Disposal Services by 2,173.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 375,009 shares of the company’s stock worth $11,967,000 after buying an additional 358,511 shares in the last quarter.

Advanced Disposal Services stock traded down $0.01 during trading hours on Friday, hitting $32.82. The stock had a trading volume of 862,562 shares, compared to its average volume of 916,848. The company has a 50-day moving average of $32.83 and a two-hundred day moving average of $32.48. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.95. The company has a market cap of $2.94 billion, a PE ratio of 56.59, a price-to-earnings-growth ratio of 7.71 and a beta of 0.64. Advanced Disposal Services has a fifty-two week low of $22.05 and a fifty-two week high of $33.01.

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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