Analysts expect that Advanced Disposal (NYSE:ADSW) will announce sales of $360.71 million for the current quarter, Zacks reports. Three analysts have provided estimates for Advanced Disposal’s earnings, with estimates ranging from $355.80 million to $363.60 million. Advanced Disposal reported sales of $347.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.8%. The company is scheduled to report its next earnings report after the market closes on Wednesday, May 2nd.
According to Zacks, analysts expect that Advanced Disposal will report full-year sales of $1.55 billion for the current fiscal year, with estimates ranging from $1.55 billion to $1.56 billion. For the next year, analysts anticipate that the firm will post sales of $1.61 billion per share, with estimates ranging from $1.60 billion to $1.62 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Advanced Disposal.
Advanced Disposal (NYSE:ADSW) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Advanced Disposal had a net margin of 2.54% and a return on equity of 5.03%. The firm had revenue of $384.40 million during the quarter, compared to analyst estimates of $374.30 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Advanced Disposal from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. UBS reaffirmed a “buy” rating and issued a $27.00 price objective (down from $29.00) on shares of Advanced Disposal in a research note on Friday, February 23rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $26.00 price objective (down from $27.00) on shares of Advanced Disposal in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Advanced Disposal currently has a consensus rating of “Buy” and an average target price of $26.50.
Shares of NYSE ADSW traded up $0.04 during trading on Monday, reaching $22.74. The stock had a trading volume of 406,912 shares, compared to its average volume of 424,982. Advanced Disposal has a fifty-two week low of $20.94 and a fifty-two week high of $25.71. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $2,009.14, a PE ratio of 46.33, a PEG ratio of 2.64 and a beta of 0.56.
In related news, insider Steven R. Carn sold 18,666 shares of Advanced Disposal stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $24.05, for a total value of $448,917.30. Following the completion of the transaction, the insider now directly owns 120,405 shares in the company, valued at $2,895,740.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven R. Carn sold 15,420 shares of Advanced Disposal stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $22.12, for a total value of $341,090.40. Following the completion of the transaction, the insider now owns 145,909 shares of the company’s stock, valued at $3,227,507.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,752 shares of company stock valued at $1,199,166. 0.94% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in ADSW. Bogle Investment Management L P DE lifted its holdings in Advanced Disposal by 6.2% during the 4th quarter. Bogle Investment Management L P DE now owns 50,143 shares of the company’s stock worth $1,200,000 after buying an additional 2,946 shares during the last quarter. Osterweis Capital Management Inc. lifted its holdings in Advanced Disposal by 0.4% during the 4th quarter. Osterweis Capital Management Inc. now owns 794,617 shares of the company’s stock worth $19,023,000 after buying an additional 3,310 shares during the last quarter. Legal & General Group Plc lifted its holdings in Advanced Disposal by 60.2% during the 3rd quarter. Legal & General Group Plc now owns 10,296 shares of the company’s stock worth $259,000 after buying an additional 3,870 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Advanced Disposal during the 3rd quarter worth about $119,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in Advanced Disposal by 88.8% during the 4th quarter. UBS Asset Management Americas Inc. now owns 15,100 shares of the company’s stock worth $361,000 after buying an additional 7,100 shares during the last quarter.
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About Advanced Disposal
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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