Equities research analysts predict that Advanced Disposal Services Inc (NASDAQ:ADSW) will announce sales of $372.91 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Advanced Disposal Services’ earnings. The highest sales estimate is $376.44 million and the lowest is $369.5 million. The business is scheduled to issue its next quarterly earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that Advanced Disposal Services will report full-year sales of $372.91 million for the current financial year, with estimates ranging from $1.46 billion to $1.48 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.52 billion per share, with estimates ranging from $1.51 billion to $1.53 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Advanced Disposal Services.
Advanced Disposal Services (NASDAQ:ADSW) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.06. The company had revenue of $347.40 million during the quarter, compared to analysts’ expectations of $341.08 million. The business’s quarterly revenue was up 4.1% on a year-over-year basis.
A number of analysts recently commented on ADSW shares. CIBC reaffirmed a “buy” rating on shares of Advanced Disposal Services in a research note on Friday, May 5th. Stifel Nicolaus raised their price target on Advanced Disposal Services from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, February 21st. Barclays PLC reissued a “buy” rating on shares of Advanced Disposal Services in a research note on Friday, March 3rd. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Advanced Disposal Services in a research note on Thursday, May 4th. Finally, ValuEngine raised Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $24.70.
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In other Advanced Disposal Services news, insider Steven R. Carn sold 55,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $21.87, for a total value of $1,202,850.00. Following the sale, the insider now directly owns 369,733 shares of the company’s stock, valued at approximately $8,086,060.71. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of hedge funds have recently modified their holdings of ADSW. Bessemer Group Inc. purchased a new position in Advanced Disposal Services during the fourth quarter worth approximately $462,000. State Street Corp purchased a new position in Advanced Disposal Services during the fourth quarter worth approximately $6,475,000. Martingale Asset Management L P purchased a new position in Advanced Disposal Services during the fourth quarter worth approximately $1,221,000. FMR LLC purchased a new position in Advanced Disposal Services during the fourth quarter worth approximately $28,897,000. Finally, Fairview Capital Investment Management LLC purchased a new position in Advanced Disposal Services during the fourth quarter worth approximately $38,087,000.
Shares of Advanced Disposal Services (NASDAQ:ADSW) traded down 0.32% during mid-day trading on Thursday, reaching $21.92. 1,137,949 shares of the company traded hands. Advanced Disposal Services has a 52-week low of $18.32 and a 52-week high of $24.10. The company’s 50 day moving average is $22.94 and its 200 day moving average is $21.87. The stock’s market capitalization is $1.93 billion.
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.
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