Wall Street brokerages forecast that Advanced Disposal Services Inc (NYSE:ADSW) will report $375.03 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Advanced Disposal Services’ earnings, with the lowest sales estimate coming in at $371.00 million and the highest estimate coming in at $379.78 million. Advanced Disposal Services reported sales of $352.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The business is expected to issue its next earnings report after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Advanced Disposal Services will report full year sales of $375.03 million for the current fiscal year, with estimates ranging from $1.49 billion to $1.50 billion. For the next year, analysts forecast that the firm will post sales of $1.57 billion per share, with estimates ranging from $1.56 billion to $1.57 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Advanced Disposal Services.
Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Advanced Disposal Services had a positive return on equity of 5.84% and a negative net margin of 1.61%. The firm had revenue of $384.40 million during the quarter, compared to the consensus estimate of $374.30 million. During the same quarter last year, the company posted $0.20 EPS. Advanced Disposal Services’s revenue for the quarter was up 9.2% compared to the same quarter last year.
In related news, insider Steven R. Carn sold 18,666 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $23.53, for a total transaction of $439,210.98. Following the sale, the insider now directly owns 139,071 shares of the company’s stock, valued at $3,272,340.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 55,998 shares of company stock worth $1,318,753 over the last ninety days. 1.20% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC boosted its position in shares of Advanced Disposal Services by 1.2% during the third quarter. Jennison Associates LLC now owns 2,529,995 shares of the company’s stock valued at $63,731,000 after buying an additional 28,767 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of Advanced Disposal Services during the third quarter valued at $439,000. Three Peaks Capital Management LLC boosted its position in shares of Advanced Disposal Services by 13.1% during the fourth quarter. Three Peaks Capital Management LLC now owns 521,920 shares of the company’s stock valued at $12,495,000 after buying an additional 60,350 shares during the last quarter. Northern Trust Corp boosted its position in shares of Advanced Disposal Services by 22.5% during the second quarter. Northern Trust Corp now owns 313,086 shares of the company’s stock valued at $7,116,000 after buying an additional 57,412 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Advanced Disposal Services by 217.7% during the second quarter. Nationwide Fund Advisors now owns 41,647 shares of the company’s stock valued at $947,000 after buying an additional 28,538 shares during the last quarter.
Advanced Disposal Services (NYSE ADSW) traded down $0.09 during midday trading on Friday, hitting $23.50. The stock had a trading volume of 374,922 shares, compared to its average volume of 316,768. Advanced Disposal Services has a 52-week low of $20.94 and a 52-week high of $25.71. The stock has a market capitalization of $2,080.00 and a PE ratio of -83.93. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.63 and a current ratio of 0.63.
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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