Advanced Disposal Services Inc (NYSE:ADSW) Expected to Post Quarterly Sales of $420.85 Million

Wall Street brokerages expect Advanced Disposal Services Inc (NYSE:ADSW) to report $420.85 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Advanced Disposal Services’ earnings. The lowest sales estimate is $419.15 million and the highest is $422.60 million. Advanced Disposal Services reported sales of $400.60 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The business is scheduled to report its next earnings results 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 year, analysts forecast that the firm will post sales of $1.70 billion, with estimates ranging from $1.68 billion to $1.71 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Advanced Disposal Services.

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

Several equities analysts recently commented on ADSW shares. Deutsche Bank cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research note on Tuesday, April 23rd. Credit Suisse Group lowered Advanced Disposal Services from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $29.00 to $33.00 in a report on Friday, May 17th. 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. ValuEngine raised Advanced Disposal Services from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Finally, Zacks Investment Research lowered Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Advanced Disposal Services has a consensus rating of “Hold” and a consensus target price of $30.25.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Havens Advisors LLC bought a new position in Advanced Disposal Services in the 2nd quarter valued at approximately $3,494,000. Gamco Investors INC. ET AL grew its stake in shares of Advanced Disposal Services by 27.8% during the first quarter. Gamco Investors INC. ET AL now owns 12,980 shares of the company’s stock worth $363,000 after acquiring an additional 2,823 shares during the last quarter. Keybank National Association OH purchased a new stake in shares of Advanced Disposal Services during the first quarter worth about $227,000. Federated Investors Inc. PA grew its stake in shares of Advanced Disposal Services by 5.4% during the first quarter. Federated Investors Inc. PA now owns 555,355 shares of the company’s stock worth $15,550,000 after acquiring an additional 28,352 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Advanced Disposal Services during the second quarter worth about $567,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.

NYSE:ADSW traded up $0.01 during mid-day trading on Friday, hitting $32.50. 251,529 shares of the stock traded hands, compared to its average volume of 869,811. The business’s 50-day moving average price is $32.33 and its 200 day moving average price is $30.25. The company has a market cap of $2.89 billion, a PE ratio of 56.03, a price-to-earnings-growth ratio of 6.94 and a beta of 0.66. Advanced Disposal Services has a 12-month low of $22.05 and a 12-month high of $33.01. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.99.

About Advanced Disposal Services

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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