Headlines about Covanta (NYSE:CVA) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Covanta earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 46.9618919848543 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
A number of analysts have weighed in on the company. ValuEngine lowered Covanta from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research lowered Covanta from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Goldman Sachs Group upgraded Covanta from a “sell” rating to a “neutral” rating and set a $16.00 target price on the stock in a research note on Sunday, January 7th. Finally, Oppenheimer restated a “buy” rating and set a $19.00 price target on shares of Covanta in a research note on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Covanta presently has an average rating of “Hold” and a consensus price target of $18.00.
Covanta (NYSE CVA) opened at $15.10 on Wednesday. The company has a market capitalization of $1,980.00, a price-to-earnings ratio of -15.89, a PEG ratio of 14.77 and a beta of 0.71. The company has a debt-to-equity ratio of 5.83, a quick ratio of 1.11 and a current ratio of 1.11. Covanta has a 52 week low of $13.00 and a 52 week high of $17.30.
Covanta (NYSE:CVA) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.11). The firm had revenue of $495.00 million for the quarter, compared to analysts’ expectations of $462.71 million. Covanta had a net margin of 3.25% and a negative return on equity of 13.02%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 EPS. analysts forecast that Covanta will post 0.07 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.00 annualized dividend and a dividend yield of 6.62%. Covanta’s dividend payout ratio is currently -105.26%.
In other news, insider Paul E. Stauder sold 3,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $14.90, for a total transaction of $44,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 11.60% of the company’s stock.
Covanta Holding Corporation is a holding company. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The Company operates through North America segment, which consists of waste and energy services operations located primarily in the United States and Canada.