Wall Street brokerages predict that Advanced Disposal Services Inc (NYSE:ADSW) will post $0.13 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Advanced Disposal Services’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.15. Advanced Disposal Services also reported earnings of $0.13 per share in the same quarter last year. The company is expected to announce its next earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Advanced Disposal Services will report full year earnings of $0.58 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.60. For the next year, analysts expect that the company will report earnings of $0.66 per share, with EPS estimates ranging from $0.47 to $0.74. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Advanced Disposal Services.

Advanced Disposal Services (NYSE:ADSW) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Advanced Disposal Services had a net margin of 3.16% and a return on equity of 5.71%. The firm had revenue of $400.60 million for the quarter, compared to analyst estimates of $396.26 million. During the same quarter last year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year.

ADSW has been the topic of a number of recent research reports. Credit Suisse Group lifted their target price on Advanced Disposal Services from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Morgan Stanley initiated coverage on Advanced Disposal Services in a report on Friday, October 12th. They issued a “weight” rating and a $27.00 target price on the stock. ValuEngine upgraded Advanced Disposal Services from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Bank of America cut Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $28.14.

Shares of ADSW stock traded down $0.31 during mid-day trading on Friday, hitting $26.01. 419,984 shares of the stock traded hands, compared to its average volume of 486,598. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $2.35 billion, a PE ratio of 55.34, a price-to-earnings-growth ratio of 3.45 and a beta of 0.41. Advanced Disposal Services has a twelve month low of $21.50 and a twelve month high of $27.93.

Several hedge funds have recently modified their holdings of the company. FMR LLC grew its holdings in shares of Advanced Disposal Services by 6.3% during the second quarter. FMR LLC now owns 7,045,994 shares of the company’s stock valued at $174,600,000 after buying an additional 415,573 shares in the last quarter. Vanguard Group Inc. boosted its position in Advanced Disposal Services by 4.2% during the third quarter. Vanguard Group Inc. now owns 5,894,669 shares of the company’s stock valued at $159,628,000 after purchasing an additional 240,096 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Advanced Disposal Services by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 5,555,920 shares of the company’s stock valued at $150,454,000 after purchasing an additional 643,481 shares during the last quarter. BlackRock Inc. boosted its position in Advanced Disposal Services by 7.8% during the third quarter. BlackRock Inc. now owns 4,736,397 shares of the company’s stock valued at $128,262,000 after purchasing an additional 341,641 shares during the last quarter. Finally, Jennison Associates LLC boosted its position 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 valued at $46,966,000 after purchasing an additional 299,539 shares during the last quarter. Institutional investors and hedge funds own 97.18% of the company’s stock.

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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Earnings History and Estimates for Advanced Disposal Services (NYSE:ADSW)

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