Media headlines about Covanta (NYSE:CVA) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Covanta earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 45.8687819407269 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
CVA has been the topic of a number of analyst reports. Zacks Investment Research raised Covanta from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, October 9th. Robert W. Baird reaffirmed a “buy” rating and set a $17.00 price objective on shares of Covanta in a research note on Friday, October 6th. Oppenheimer reaffirmed a “buy” rating and set a $19.00 price objective on shares of Covanta in a research note on Tuesday, December 19th. Goldman Sachs Group raised Covanta from a “sell” rating to a “neutral” rating and set a $16.00 price objective on the stock in a research note on Sunday, January 7th. Finally, BMO Capital Markets increased their price objective on Covanta from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Covanta currently has an average rating of “Hold” and a consensus price target of $18.00.
Covanta (NYSE:CVA) opened at $16.80 on Wednesday. The company has a market capitalization of $2,200.00, a PE ratio of -32.94, a PEG ratio of 16.74 and a beta of 0.76. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 8.39. Covanta has a twelve month low of $13.00 and a twelve month high of $17.30.
Covanta (NYSE:CVA) last released its quarterly earnings data on Thursday, October 26th. The energy company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $429.00 million for the quarter, compared to the consensus estimate of $421.87 million. Covanta had a negative return on equity of 12.66% and a negative net margin of 3.68%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.18 EPS. equities research analysts anticipate that Covanta will post -0.26 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 29th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.95%. Covanta’s dividend payout ratio (DPR) is -196.08%.
In other news, Director John Vincent Hickey sold 90,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $0.29, for a total value of $26,100.00. 11.60% of the stock is currently owned by company insiders.
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Covanta 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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