Advanced Disposal Services Inc. (NYSE:ADSW) – KeyCorp issued their FY2017 earnings per share (EPS) estimates for shares of Advanced Disposal Services in a research note issued to investors on Thursday. KeyCorp analyst J. Box forecasts that the company will post earnings per share of $0.50 for the year. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Advanced Disposal Services’ Q4 2017 earnings at $0.14 EPS, Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.59 EPS and FY2019 earnings at $0.70 EPS.
ADSW has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Advanced Disposal Services from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, October 4th. BidaskClub cut shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Deutsche Bank lifted their target price on shares of Advanced Disposal Services from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Stifel Nicolaus cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research note on Wednesday, October 4th. Finally, Credit Suisse Group lowered their target price on shares of Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.13.
Advanced Disposal Services (NYSE:ADSW) last released its earnings results on Wednesday, November 1st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $392.70 million for the quarter, compared to analysts’ expectations of $383.11 million. During the same quarter last year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year.
In other Advanced Disposal Services news, major shareholder Highstar Capital Lp sold 19,998,544 shares of Advanced Disposal Services 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $24.60, for a total transaction of $459,183.60. Following the completion of the sale, the insider now owns 176,403 shares in the company, valued at $4,339,513.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,035,876 shares of company stock worth $436,300,856. 1.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Advanced Disposal Services by 48.3% in the 1st quarter. Vanguard Group Inc. now owns 1,671,885 shares of the company’s stock worth $37,784,000 after buying an additional 544,257 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Advanced Disposal Services by 7.0% in the 1st quarter. Geode Capital Management LLC now owns 180,874 shares of the company’s stock worth $4,087,000 after buying an additional 11,801 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Advanced Disposal Services in the 1st quarter worth about $3,589,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Advanced Disposal Services by 5.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 74,598 shares of the company’s stock worth $1,686,000 after buying an additional 3,933 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Advanced Disposal Services in the 2nd quarter worth about $2,437,000. Institutional investors own 96.57% of the company’s stock.
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Advanced Disposal Services Company Profile
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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