Zacks: Brokerages Expect Advanced Disposal (ADSW) to Post $0.17 Earnings Per Share

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.

A number of research firms recently commented on ADSW. Credit Suisse Group reissued an “outperform” rating and set a $26.00 target price (down previously from $27.00) on shares of Advanced Disposal in a research report on Monday, February 26th. Zacks Investment Research raised shares of Advanced Disposal from a “sell” rating to a “hold” rating in a research report on Friday, April 6th. UBS reissued a “buy” rating and set a $27.00 target price (down previously from $29.00) on shares of Advanced Disposal in a research report on Friday, February 23rd. Finally, ValuEngine raised shares of Advanced Disposal from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $26.50.

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.

Get a free copy of the Zacks research report on Advanced Disposal (ADSW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Advanced Disposal (NYSE:ADSW)

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.



Leave a Reply