Advanced Disposal Services Inc (NASDAQ:ADSW) – First Analysis boosted their Q3 2017 earnings per share (EPS) estimates for Advanced Disposal Services in a research report issued to clients and investors on Monday. First Analysis analyst C. Greendale now expects that the company will post earnings per share of $0.19 for the quarter, up from their previous forecast of $0.14. First Analysis also issued estimates for Advanced Disposal Services’ Q4 2017 earnings at $0.20 EPS.
A number of other equities analysts also recently weighed in on ADSW. Zacks Investment Research downgraded shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Advanced Disposal Services in a report on Thursday, May 4th. CIBC reissued a “buy” rating on shares of Advanced Disposal Services in a report on Friday, May 5th. Finally, ValuEngine raised shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $25.27.
Shares of Advanced Disposal Services (NASDAQ:ADSW) opened at 23.50 on Tuesday. Advanced Disposal Services has a 1-year low of $18.32 and a 1-year high of $24.82. The stock’s 50 day moving average is $23.32 and its 200-day moving average is $22.89. The firm’s market cap is $2.08 billion.
Advanced Disposal Services (NASDAQ:ADSW) last posted its earnings results on Wednesday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $383.10 million during the quarter, compared to analysts’ expectations of $372.78 million. Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. Advanced Disposal Services’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS.
A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp acquired a new stake in Advanced Disposal Services during the fourth quarter valued at approximately $6,475,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Advanced Disposal Services during the fourth quarter valued at $477,000. Teachers Advisors LLC bought a new stake in shares of Advanced Disposal Services during the fourth quarter valued at $810,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Advanced Disposal Services during the first quarter valued at $345,000. Finally, Nationwide Fund Advisors boosted its stake in shares of Advanced Disposal Services by 15.9% in the first quarter. Nationwide Fund Advisors now owns 13,109 shares of the company’s stock valued at $296,000 after buying an additional 1,795 shares in the last quarter.
In other Advanced Disposal Services news, insider Steven R. Carn sold 55,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $21.87, for a total transaction of $1,202,850.00. Following the sale, the insider now directly owns 369,733 shares of the company’s stock, valued at $8,086,060.71. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Steven R. Carn sold 18,666 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $22.73, for a total transaction of $424,278.18. Following the sale, the chief financial officer now directly owns 251,067 shares in the company, valued at $5,706,752.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 192,332 shares of company stock worth $4,400,465.
Advanced Disposal Services Company Profile
Advanced Disposal Services, Inc is an integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services operating primarily in secondary markets or under exclusive arrangements. The Company’s segments include South, East, Midwest and Corporate. As of December 31, 2016, the Company had its presence in 16 states across the Midwest, South and East regions of the United States, as well as in the Commonwealth of the Bahamas, served approximately 2.7 million residential customers and over 200,000 commercial and industrial (C&I) customers through its network of 90 collection operations, 72 transfer stations, 21 owned or operated recycling facilities and 39 owned or operated active landfills.
Receive News & Ratings for Advanced Disposal Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Disposal Services Inc and related companies with MarketBeat.com's FREE daily email newsletter.