Advanced Disposal Services (NYSE:ADSW) Issues Earnings Results
Advanced Disposal Services (NYSE:ADSW) released its earnings results on Thursday. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.21, MarketWatch Earnings reports. Advanced Disposal Services had a return on equity of 4.93% and a net margin of 0.02%. The firm had revenue of $380.30 million during the quarter, compared to the consensus estimate of $374.99 million.
ADSW opened at $30.16 on Friday. Advanced Disposal Services has a twelve month low of $28.55 and a twelve month high of $33.15. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.93. The company has a fifty day moving average of $30.48 and a 200-day moving average of $32.01. The stock has a market cap of $2.72 billion, a PE ratio of 77.33, a price-to-earnings-growth ratio of 23.92 and a beta of 0.30.
Several equities research analysts recently weighed in on ADSW shares. TheStreet cut shares of Advanced Disposal Services from a “c-” rating to a “d+” rating in a research report on Monday, June 15th. Zacks Investment Research downgraded shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley reduced their price target on shares of Advanced Disposal Services from $33.00 to $30.30 and set an “equal weight” rating on the stock in a research note on Thursday, June 25th.
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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