Brokerages expect Advanced Disposal Services Inc (NYSE:ADSW) to post sales of $414.29 million for the current quarter, Zacks reports. Three analysts have made estimates for Advanced Disposal Services’ earnings, with the highest sales estimate coming in at $415.70 million and the lowest estimate coming in at $413.20 million. Advanced Disposal Services reported sales of $394.80 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, February 20th.

According to Zacks, analysts expect that Advanced Disposal Services will report full year sales of $1.63 billion for the current financial year, with estimates ranging from $1.63 billion to $1.64 billion. For the next year, analysts anticipate that the firm will post sales of $1.70 billion, with estimates ranging from $1.69 billion to $1.71 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Advanced Disposal Services.

Advanced Disposal Services (NYSE:ADSW) last announced its earnings results on Tuesday, October 29th. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.05. Advanced Disposal Services had a negative net margin of 0.06% and a positive return on equity of 4.26%. The business had revenue of $419.50 million during the quarter, compared to the consensus estimate of $419.81 million. During the same period in the previous year, the company posted $0.17 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis.

Several research firms have recently issued reports on ADSW. ValuEngine downgraded shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Advanced Disposal Services from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $32.17.

Shares of ADSW traded down $0.01 during mid-day trading on Friday, hitting $32.93. 1,365,800 shares of the company traded hands, compared to its average volume of 813,823. Advanced Disposal Services has a 1-year low of $24.18 and a 1-year high of $33.01. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $2.94 billion, a PE ratio of -3,293.00, a price-to-earnings-growth ratio of 5.99 and a beta of 0.63. The business has a 50 day moving average of $32.89 and a 200 day moving average of $32.66.

In related news, VP Michael K. Slattery sold 126,904 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $32.87, for a total value of $4,171,334.48. Following the transaction, the vice president now owns 190,317 shares in the company, valued at approximately $6,255,719.79. The sale was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of ADSW. Russell Investments Group Ltd. purchased a new stake in Advanced Disposal Services in the 3rd quarter worth approximately $100,000. California State Teachers Retirement System lifted its holdings in Advanced Disposal Services by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 113,246 shares of the company’s stock valued at $3,688,000 after purchasing an additional 1,353 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Advanced Disposal Services in the 3rd quarter valued at $6,260,000. Alberta Investment Management Corp purchased a new position in Advanced Disposal Services in the 3rd quarter valued at $11,399,000. Finally, Millennium Management LLC lifted its holdings in Advanced Disposal Services by 23.2% in the 3rd quarter. Millennium Management LLC now owns 2,633,573 shares of the company’s stock valued at $85,775,000 after purchasing an additional 496,288 shares in the last quarter.

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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