KeyCorp began coverage on shares of Advanced Disposal Services (NYSE:ADSW) in a research report report published on Monday, February 4th, Marketbeat Ratings reports. The brokerage issued a sector weight rating on the stock. KeyCorp also issued estimates for Advanced Disposal Services’ FY2018 earnings at $0.62 EPS, Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.19 EPS, Q4 2019 earnings at $0.21 EPS, FY2019 earnings at $0.73 EPS, Q1 2020 earnings at $0.13 EPS, Q2 2020 earnings at $0.26 EPS, Q3 2020 earnings at $0.22 EPS, Q4 2020 earnings at $0.23 EPS and FY2020 earnings at $0.84 EPS.
A number of other brokerages also recently commented on ADSW. Oppenheimer reissued a buy rating on shares of Advanced Disposal Services in a report on Wednesday, October 31st. ValuEngine raised Advanced Disposal Services from a hold rating to a buy rating in a report on Wednesday, October 31st. Morgan Stanley set a $26.00 target price on Advanced Disposal Services and gave the stock a hold rating in a report on Friday, November 2nd. TheStreet downgraded Advanced Disposal Services from a b- rating to a c+ rating in a report on Monday, December 24th. Finally, Zacks Investment Research raised Advanced Disposal Services from a hold rating to a buy rating and set a $27.00 target price on the stock in a report on Monday, January 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $28.40.
Shares of NYSE ADSW traded up $0.17 on Monday, hitting $26.69. The company had a trading volume of 408,185 shares, compared to its average volume of 368,656. Advanced Disposal Services has a 12-month low of $21.50 and a 12-month high of $28.00. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 3.11 and a beta of 0.71.
Advanced Disposal Services (NYSE:ADSW) last issued its earnings results on Thursday, February 21st. The company reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The company had revenue of $394.80 million during the quarter, compared to the consensus estimate of $386.64 million. Advanced Disposal Services had a return on equity of 5.70% and a net margin of 0.60%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share. Research analysts expect that Advanced Disposal Services will post 0.63 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in shares of Advanced Disposal Services by 6.3% during the 2nd quarter. FMR LLC now owns 7,045,994 shares of the company’s stock worth $174,600,000 after purchasing an additional 415,573 shares during the period. Vanguard Group Inc. increased its position in Advanced Disposal Services by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,894,669 shares of the company’s stock valued at $159,628,000 after acquiring an additional 240,096 shares during the period. Vanguard Group Inc increased its position in Advanced Disposal Services by 4.2% in the 3rd quarter. Vanguard Group Inc now owns 5,894,669 shares of the company’s stock valued at $159,628,000 after acquiring an additional 240,096 shares during the period. JPMorgan Chase & Co. increased its position in Advanced Disposal Services by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,555,920 shares of the company’s stock valued at $150,454,000 after acquiring an additional 643,481 shares during the period. Finally, BlackRock Inc. increased its position in Advanced Disposal Services by 5.1% in the 4th quarter. BlackRock Inc. now owns 4,978,355 shares of the company’s stock valued at $119,183,000 after acquiring an additional 241,958 shares during the period. Institutional investors and hedge funds own 98.48% of the company’s stock.
Advanced Disposal Services Company Profile
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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