Wall Street brokerages expect that Advanced Disposal Services Inc (NYSE:ADSW) will announce $0.18 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Advanced Disposal Services’ earnings. The highest EPS estimate is $0.19 and the lowest is $0.15. Advanced Disposal Services posted earnings per share of $0.16 during the same quarter last year, which would suggest a positive year over year growth rate of 12.5%. The company is expected to announce its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Advanced Disposal Services will report full-year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.56 to $0.65. For the next financial year, analysts anticipate that the company will report earnings of $0.72 per share, with EPS estimates ranging from $0.69 to $0.79. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Advanced Disposal Services.
Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.19. The business had revenue of $398.10 million during the quarter, compared to analysts’ expectations of $390.72 million. Advanced Disposal Services had a net margin of 3.72% and a return on equity of 5.68%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.16 earnings per share.
Shares of NYSE ADSW traded up $0.10 during midday trading on Tuesday, reaching $24.50. The company had a trading volume of 257,313 shares, compared to its average volume of 600,683. The stock has a market cap of $2.16 billion, a P/E ratio of 52.13, a P/E/G ratio of 2.74 and a beta of 0.50. Advanced Disposal Services has a 1 year low of $21.50 and a 1 year high of $25.80. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 2.04.
In other Advanced Disposal Services news, Director Ernest J. Mrozek acquired 1,500 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The shares were purchased at an average price of $23.65 per share, for a total transaction of $35,475.00. Following the completion of the purchase, the director now directly owns 7,513 shares of the company’s stock, valued at $177,682.45. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.94% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in ADSW. BlackRock Inc. grew its position in Advanced Disposal Services by 44.1% during the second quarter. BlackRock Inc. now owns 4,394,756 shares of the company’s stock valued at $108,903,000 after buying an additional 1,345,162 shares during the period. JPMorgan Chase & Co. grew its position in Advanced Disposal Services by 29.2% during the first quarter. JPMorgan Chase & Co. now owns 4,350,667 shares of the company’s stock valued at $96,933,000 after buying an additional 983,281 shares during the period. Mesirow Financial Investment Management Equity Management acquired a new stake in Advanced Disposal Services during the second quarter valued at $14,802,000. Dimensional Fund Advisors LP grew its position in Advanced Disposal Services by 251.9% during the second quarter. Dimensional Fund Advisors LP now owns 723,588 shares of the company’s stock valued at $17,931,000 after buying an additional 517,965 shares during the period. Finally, Manning & Napier Group LLC lifted its holdings in Advanced Disposal Services by 102.0% during the first quarter. Manning & Napier Group LLC now owns 1,025,076 shares of the company’s stock valued at $22,837,000 after purchasing an additional 517,509 shares in the last quarter. Institutional investors own 97.83% of the company’s stock.
About Advanced Disposal Services
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.
Read More: Price to Earnings Ratio (PE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Advanced Disposal Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Disposal Services and related companies with MarketBeat.com's FREE daily email newsletter.