Favorable Press Coverage Somewhat Unlikely to Affect Advanced Disposal Services (ADSW) Stock Price
Media headlines about Advanced Disposal Services (NYSE:ADSW) have been trending positive on Saturday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Advanced Disposal Services earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.8906450336334 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Multi-billion Dollar Waste Management Industry Continues to Evolve With a Rise in Technological Innovation (bizjournals.com)
- Advanced Disposal Services (ADSW) Upgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Advanced Disposal Sets Date For Fourth Quarter 2017 Earnings Call (finance.yahoo.com)
- Brokers Set Expectations for Advanced Disposal Services Inc’s FY2017 Earnings (ADSW) (americanbankingnews.com)
- Advanced Disposal Services Inc Forecasted to Earn Q1 2018 Earnings of $0.06 Per Share (ADSW) (americanbankingnews.com)
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Advanced Disposal Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 6th. Stifel Nicolaus downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 price target for the company. in a report on Wednesday, October 4th. BidaskClub downgraded Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. KeyCorp assumed coverage on Advanced Disposal Services in a report on Thursday, November 30th. They set a “sector weight” rating for the company. Finally, Credit Suisse Group reduced their price target on Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.38.
Advanced Disposal Services (NYSE:ADSW) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). Advanced Disposal Services had a negative net margin of 1.61% and a positive return on equity of 5.84%. The company had revenue of $392.70 million for the quarter, compared to the consensus estimate of $383.11 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. Advanced Disposal Services’s revenue was up 8.9% compared to the same quarter last year. sell-side analysts anticipate that Advanced Disposal Services will post 0.5 EPS for the current fiscal year.
In related news, insider Steven R. Carn sold 18,666 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $24.60, for a total transaction of $459,183.60. Following the sale, the insider now directly owns 176,403 shares of the company’s stock, valued at $4,339,513.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $21.77, for a total value of $435,368,302.88. The disclosure for this sale can be found here. Insiders have sold 20,054,542 shares of company stock valued at $436,697,322 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.
About Advanced Disposal Services
Advanced Disposal Services, Inc is an integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services operating primarily in secondary markets or under exclusive arrangements. The Company’s segments include South, East, Midwest and Corporate. As of December 31, 2016, the Company had its presence in 16 states across the Midwest, South and East regions of the United States, as well as in the Commonwealth of the Bahamas, served approximately 2.7 million residential customers and over 200,000 commercial and industrial (C&I) customers through its network of 90 collection operations, 72 transfer stations, 21 owned or operated recycling facilities and 39 owned or operated active landfills.
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