Wall Street brokerages predict that Advanced Disposal Services Inc (NYSE:ADSW) will report sales of $393.44 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Advanced Disposal Services’ earnings. The lowest sales estimate is $390.30 million and the highest is $395.52 million. Advanced Disposal Services posted sales of $392.70 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.2%. The business is scheduled to issue its next earnings results on Wednesday, November 7th.
On average, analysts expect that Advanced Disposal Services will report full-year sales of $1.54 billion for the current year, with estimates ranging from $1.54 billion to $1.55 billion. For the next fiscal year, analysts expect that the business will post sales of $1.61 billion per share, with estimates ranging from $1.60 billion to $1.62 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Advanced Disposal Services.
Advanced Disposal Services (NYSE:ADSW) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Advanced Disposal Services had a return on equity of 5.68% and a net margin of 3.72%. The firm had revenue of $398.10 million during the quarter, compared to analysts’ expectations of $390.72 million. During the same period last year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year.
Shares of NYSE:ADSW traded up $0.16 during trading on Wednesday, hitting $27.25. The stock had a trading volume of 243,842 shares, compared to its average volume of 385,892. Advanced Disposal Services has a 12-month low of $21.50 and a 12-month high of $27.93. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 57.98, a PEG ratio of 3.02 and a beta of 0.62. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.04.
A number of institutional investors have recently bought and sold shares of the stock. FMR LLC grew its holdings in Advanced Disposal Services by 6.3% during the second quarter. FMR LLC now owns 7,045,994 shares of the company’s stock worth $174,600,000 after acquiring an additional 415,573 shares during the period. BlackRock Inc. grew its holdings in Advanced Disposal Services by 44.1% during the second quarter. BlackRock Inc. now owns 4,394,756 shares of the company’s stock worth $108,903,000 after acquiring an additional 1,345,162 shares during the period. JPMorgan Chase & Co. grew its holdings 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 worth $96,933,000 after acquiring an additional 983,281 shares during the period. Silvercrest Asset Management Group LLC grew its holdings in Advanced Disposal Services by 0.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 2,264,630 shares of the company’s stock worth $50,457,000 after acquiring an additional 7,739 shares during the period. Finally, Jennison Associates LLC grew its holdings in Advanced Disposal Services by 18.8% during the second quarter. Jennison Associates LLC now owns 1,895,323 shares of the company’s stock worth $46,966,000 after acquiring an additional 299,539 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.
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.
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