Wall Street brokerages forecast that Advanced Disposal Services Inc (NYSE:ADSW) will report sales of $420.85 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Advanced Disposal Services’ earnings. The highest sales estimate is $422.60 million and the lowest is $419.15 million. Advanced Disposal Services posted sales of $400.60 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The business is expected to issue its next quarterly earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Advanced Disposal Services will report full-year sales of $1.63 billion for the current year, with estimates ranging from $1.61 billion to $1.64 billion. For the next financial year, analysts expect that the firm will post sales of $1.70 billion, with estimates ranging from $1.68 billion to $1.71 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Advanced Disposal Services.

Advanced Disposal Services (NYSE:ADSW) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). Advanced Disposal Services had a positive return on equity of 4.08% and a negative net margin of 0.59%. The business had revenue of $419.10 million during the quarter, compared to the consensus estimate of $413.26 million. During the same period last year, the company earned $0.19 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year.

A number of equities analysts recently issued reports on ADSW shares. First Analysis lowered Advanced Disposal Services from a “strong-buy” rating to a “neutral” rating in a report on Thursday, April 18th. Stifel Nicolaus lowered Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. ValuEngine raised Advanced Disposal Services from a “hold” rating to a “buy” rating in a report on Monday, April 29th. UBS Group lowered Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a report on Wednesday, May 1st. They noted that the move was a valuation call. Finally, Deutsche Bank lowered Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Advanced Disposal Services has a consensus rating of “Hold” and an average price target of $30.25.

A number of hedge funds and other institutional investors have recently modified their holdings of ADSW. Tower Research Capital LLC TRC acquired a new stake in shares of Advanced Disposal Services during the 2nd quarter valued at $36,000. Public Employees Retirement System of Ohio lifted its position in shares of Advanced Disposal Services by 43.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,157 shares of the company’s stock valued at $52,000 after acquiring an additional 650 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Advanced Disposal Services during the 1st quarter valued at $73,000. Advisors Asset Management Inc. lifted its position in shares of Advanced Disposal Services by 25.1% during the 1st quarter. Advisors Asset Management Inc. now owns 3,050 shares of the company’s stock valued at $85,000 after acquiring an additional 611 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Advanced Disposal Services during the 2nd quarter valued at $105,000. 97.99% of the stock is owned by hedge funds and other institutional investors.

ADSW stock traded down $0.02 on Friday, reaching $32.47. The company’s stock had a trading volume of 7,224 shares, compared to its average volume of 880,199. Advanced Disposal Services has a 52 week low of $22.05 and a 52 week high of $33.01. The company has a market capitalization of $2.89 billion, a P/E ratio of 56.00, a P/E/G ratio of 6.57 and a beta of 0.66. The business has a fifty day simple moving average of $32.32. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.62 and a quick ratio of 0.62.

Advanced Disposal Services Company Profile

Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. The company is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. It 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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