Advanced Emissions Solutions, Inc. (NASDAQ:ADES) issued its quarterly earnings data on Monday. The industrial products company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.43), Bloomberg Earnings reports. The company had revenue of $2.29 million for the quarter, compared to analyst estimates of $8.30 million. Advanced Emissions Solutions had a net margin of 192.72% and a return on equity of 66.67%.

Shares of Advanced Emissions Solutions (NASDAQ ADES) traded down $0.78 during trading hours on Tuesday, reaching $10.75. The company had a trading volume of 158,149 shares, compared to its average volume of 85,394. The company has a market cap of $242.95, a P/E ratio of 6.83 and a beta of 2.80. Advanced Emissions Solutions has a 1 year low of $7.47 and a 1 year high of $12.25.

Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Advanced Emissions Solutions by 13,343.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 17,346 shares during the last quarter. California State Teachers Retirement System bought a new stake in shares of Advanced Emissions Solutions in the 2nd quarter worth about $343,000. Finally, State Street Corp lifted its holdings in shares of Advanced Emissions Solutions by 1,604.4% in the 2nd quarter. State Street Corp now owns 253,958 shares of the industrial products company’s stock worth $2,327,000 after acquiring an additional 239,058 shares during the last quarter. Hedge funds and other institutional investors own 69.81% of the company’s stock.

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A number of research analysts have recently commented on the company. ValuEngine raised Advanced Emissions Solutions from a “buy” rating to a “strong-buy” rating in a report on Monday, October 2nd. Canaccord Genuity reissued a “buy” rating and set a $20.00 price objective on shares of Advanced Emissions Solutions in a report on Thursday, September 28th. Zacks Investment Research lowered Advanced Emissions Solutions from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Finally, HC Wainwright set a $18.00 price objective on Advanced Emissions Solutions and gave the company a “buy” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Advanced Emissions Solutions presently has an average rating of “Buy” and an average price target of $17.00.

About Advanced Emissions Solutions

ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.

Earnings History for Advanced Emissions Solutions (NASDAQ:ADES)

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