Media headlines about Covanta Holding Corporation (NYSE:CVA) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Covanta Holding Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 44.8861859155605 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Notable Friday Option Activity: ALNY, CVA, TWTR (marketnewsvideo.com)
- Covanta : Declares Regular Quarterly Cash Dividend (4-traders.com)
- Covanta Holding Corporation (CVA) and TechnipFMC plc (FTI) Jumps in Investor Choice with Monogram Residential … – Investing News Update (investingbizz.com)
- Notable Friday Option Activity: ALNY, CVA, TWTR – Nasdaq (nasdaq.com)
- Financial Comparison: Advanced Disposal Services (ADSW) versus Covanta Holding Corporation (CVA) (americanbankingnews.com)
Shares of Covanta Holding Corporation (CVA) remained flat at $14.55 during trading on Friday. The stock had a trading volume of 1,311,076 shares. The stock’s market cap is $1.89 billion. Covanta Holding Corporation has a one year low of $13.00 and a one year high of $16.50. The stock has a 50 day moving average of $14.24 and a 200-day moving average of $14.47.
Covanta Holding Corporation (NYSE:CVA) last posted its quarterly earnings data on Thursday, July 27th. The energy company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.04). The firm had revenue of $424.00 million for the quarter, compared to analysts’ expectations of $416.18 million. Covanta Holding Corporation had a negative net margin of 1.41% and a negative return on equity of 9.81%. Covanta Holding Corporation’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.22) earnings per share. Equities analysts forecast that Covanta Holding Corporation will post ($0.23) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, September 28th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date of this dividend is Wednesday, September 27th. Covanta Holding Corporation’s dividend payout ratio (DPR) is -526.29%.
Several analysts recently commented on the stock. Stifel Nicolaus upgraded shares of Covanta Holding Corporation from a “hold” rating to a “buy” rating and raised their price objective for the company from $15.50 to $17.00 in a research note on Monday, July 31st. BMO Capital Markets upgraded shares of Covanta Holding Corporation from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $16.00 to $17.00 in a research report on Monday, July 31st. Barclays PLC upgraded shares of Covanta Holding Corporation from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $16.00 to $15.00 in a research report on Wednesday, July 12th. BidaskClub cut shares of Covanta Holding Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Covanta Holding Corporation in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Covanta Holding Corporation presently has a consensus rating of “Hold” and a consensus target price of $17.19.
Covanta Holding Corporation Company Profile
Covanta Holding Corporation is a holding company. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The Company operates through North America segment, which consists of waste and energy services operations located primarily in the United States and Canada.
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