Advanced Emissions Solutions (NASDAQ:ADES) issued its quarterly earnings results on Tuesday. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.59), Fidelity Earnings reports. The company had revenue of $19.13 million for the quarter, compared to analyst estimates of $22.21 million. Advanced Emissions Solutions had a return on equity of 35.62% and a net margin of 51.71%.
Advanced Emissions Solutions stock traded down $0.41 during trading hours on Friday, reaching $9.89. 7,514 shares of the company’s stock traded hands, compared to its average volume of 194,991. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.78 and a current ratio of 1.23. Advanced Emissions Solutions has a fifty-two week low of $9.17 and a fifty-two week high of $15.34. The firm has a market capitalization of $232.13 million, a price-to-earnings ratio of 5.65 and a beta of 1.15. The firm’s 50 day moving average is $13.61 and its 200-day moving average is $12.88.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 10.11%. Advanced Emissions Solutions’s payout ratio is presently 56.82%.
In other Advanced Emissions Solutions news, Director Alta Fundamental Advisers Llc bought 10,800 shares of the business’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $12.88 per share, for a total transaction of $139,104.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Fundamental Advisers Sp L. Alta bought 56,243 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were acquired at an average price of $11.92 per share, for a total transaction of $670,416.56. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 126,990 shares of company stock worth $1,551,401. Corporate insiders own 12.16% of the company’s stock.
Several brokerages recently issued reports on ADES. ValuEngine downgraded shares of Advanced Emissions Solutions from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th. BidaskClub upgraded shares of Advanced Emissions Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. HC Wainwright reiterated a “buy” rating and set a $18.00 price target on shares of Advanced Emissions Solutions in a research report on Wednesday, August 7th. Finally, Zacks Investment Research upgraded shares of Advanced Emissions Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th.
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.
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