Brokerages forecast that Advanced Disposal (NYSE:ADSW) will announce earnings of $0.17 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Advanced Disposal’s earnings, with estimates ranging from $0.14 to $0.18. Advanced Disposal posted earnings per share of $0.16 in the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The company is expected to announce its next quarterly earnings report on Wednesday, August 1st.
On average, analysts expect that Advanced Disposal will report full year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.62. For the next year, analysts expect that the firm will report earnings of $0.73 per share, with EPS estimates ranging from $0.70 to $0.77. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Advanced Disposal.
Advanced Disposal (NYSE:ADSW) last posted its earnings results on Wednesday, May 2nd. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.06. Advanced Disposal had a net margin of 3.11% and a return on equity of 5.40%. The company had revenue of $364.70 million during the quarter, compared to analysts’ expectations of $361.88 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. Advanced Disposal’s revenue for the quarter was up 5.0% compared to the same quarter last year.
NYSE:ADSW traded down $0.11 during midday trading on Friday, reaching $23.34. 595,600 shares of the stock traded hands, compared to its average volume of 495,984. Advanced Disposal has a 12-month low of $23.26 and a 12-month high of $23.35. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 49.66, a PEG ratio of 2.51 and a beta of 0.58.
In other Advanced Disposal news, major shareholder Highstar Capital Lp sold 21,987,453 shares of the company’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $22.43, for a total transaction of $493,178,570.79. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Steven R. Carn sold 18,666 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $21.92, for a total transaction of $409,158.72. Following the transaction, the chief financial officer now owns 161,329 shares in the company, valued at approximately $3,536,331.68. The disclosure for this sale can be found here. Insiders have sold a total of 22,036,966 shares of company stock worth $494,267,443 in the last 90 days. 0.94% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of ADSW. MetLife Investment Advisors LLC increased its stake in shares of Advanced Disposal by 11.6% in the first quarter. MetLife Investment Advisors LLC now owns 22,985 shares of the company’s stock worth $512,000 after acquiring an additional 2,383 shares during the period. Victory Capital Management Inc. increased its stake in shares of Advanced Disposal by 0.4% in the first quarter. Victory Capital Management Inc. now owns 797,653 shares of the company’s stock worth $17,772,000 after acquiring an additional 2,820 shares during the period. American International Group Inc. increased its stake in shares of Advanced Disposal by 9.7% in the first quarter. American International Group Inc. now owns 32,316 shares of the company’s stock worth $720,000 after acquiring an additional 2,857 shares during the period. Bogle Investment Management L P DE increased its stake in shares of Advanced Disposal by 6.2% in the fourth quarter. Bogle Investment Management L P DE now owns 50,143 shares of the company’s stock worth $1,200,000 after acquiring an additional 2,946 shares during the period. Finally, Monarch Partners Asset Management LLC increased its stake in shares of Advanced Disposal by 0.4% in the first quarter. Monarch Partners Asset Management LLC now owns 746,492 shares of the company’s stock worth $16,632,000 after acquiring an additional 2,980 shares during the period.
About Advanced Disposal
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Advanced Disposal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Disposal and related companies with MarketBeat.com's FREE daily email newsletter.