Zacks: Analysts Expect Advanced Disposal Services Inc (ADSW) Will Post Earnings of -$0.03 Per Share

Analysts expect Advanced Disposal Services Inc (NASDAQ:ADSW) to post earnings of ($0.03) per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Advanced Disposal Services’ earnings. The lowest EPS estimate is ($0.07) and the highest is $0.02. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, May 4th.

According to Zacks, analysts expect that Advanced Disposal Services will report full-year earnings of $0.39 per share for the current financial year, with EPS estimates ranging from $0.28 to $0.54. For the next financial year, analysts expect that the firm will post earnings of $0.52 per share, with EPS estimates ranging from $0.33 to $0.71. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Advanced Disposal Services.

Advanced Disposal Services (NASDAQ:ADSW) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.14. The business earned $352 million during the quarter, compared to analysts’ expectations of $352.09 million. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 EPS.

A number of brokerages recently weighed in on ADSW. Oppenheimer Holdings Inc. began coverage on shares of Advanced Disposal Services in a research note on Tuesday, January 10th. They issued an “outperform” rating and a $25.00 target price for the company. Zacks Investment Research lowered shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a research note on Monday, January 9th. Bank of America Corp raised shares of Advanced Disposal Services from a “neutral” rating to a “buy” rating and upped their target price for the stock from $22.00 to $27.00 in a research note on Friday, March 3rd. Wedbush upped their target price on shares of Advanced Disposal Services from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, February 27th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Advanced Disposal Services in a research note on Friday, March 3rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Advanced Disposal Services currently has an average rating of “Buy” and an average price target of $24.70.

Large investors have recently modified their holdings of the company. Bessemer Group Inc. acquired a new stake in shares of Advanced Disposal Services during the fourth quarter valued at approximately $462,000. State Street Corp acquired a new stake in shares of Advanced Disposal Services during the fourth quarter valued at approximately $6,475,000. Martingale Asset Management L P acquired a new stake in shares of Advanced Disposal Services during the fourth quarter valued at approximately $1,221,000. FMR LLC acquired a new stake in shares of Advanced Disposal Services during the fourth quarter valued at approximately $28,897,000. Finally, Fairview Capital Investment Management LLC acquired a new stake in shares of Advanced Disposal Services during the fourth quarter valued at approximately $38,087,000.

Shares of Advanced Disposal Services (NASDAQ:ADSW) traded up 0.21% on Tuesday, reaching $23.78. The company had a trading volume of 79,781 shares. The company has a 50-day moving average price of $23.13 and a 200-day moving average price of $21.56. The firm’s market capitalization is $2.09 billion. Advanced Disposal Services has a 52-week low of $18.32 and a 52-week high of $24.10.

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About Advanced Disposal Services

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.

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