Covanta (CVA) Stock Price, News & Analysis

Covanta Holding Co. (NYSE:CVA) posted its quarterly earnings data on Thursday, October, 28th. The energy company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The energy company earned $539 million during the quarter, compared to the consensus estimate of $517 million. Covanta had a net margin of 1.23% and a trailing twelve-month return on equity of 9.29%. The firm's revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS.

Covanta (NYSE:CVA) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.58%. The dividend payout ratio is 177.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CVA will have a dividend payout ratio of 128.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CVA.

54 employees have rated Covanta Chief Executive Officer Steve Jones on Glassdoor.com. Steve Jones has an approval rating of 92% among the company's employees. This puts Steve Jones in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Covanta investors own include AT&T (T), Ford Motor (F), Enterprise Products Partners (EPD), Intel (INTC), CVS Health (CVS), International Business Machines (IBM), Cisco Systems (CSCO), Verizon Communications (VZ), General Electric (GE) and Johnson & Johnson (JNJ).