NYSE:CVA - Covanta Stock Price, News, & Analysis

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$16.87 -0.17 (-1.00 %)
(As of 03/22/2019 10:01 AM ET)
Previous Close$17.04
Today's Range$16.86 - $16.93
52-Week Range$12.92 - $18.05
Volume794 shs
Average Volume782,837 shs
Market Capitalization$2.21 billion
P/E Ratio-168.90
Dividend Yield5.96%
Beta1.36
Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and Canada. It owns and operates infrastructure for the conversion of waste to energy, as well as engages in related waste transport and disposal, and other renewable energy production businesses. The company disposes waste and generates electricity and/or steam; sells metal recovered during the energy-from-waste (EfW) process; and offers waste management solutions, such as site clean-up, wastewater treatment, pharmaceutical and healthcare solutions, transportation and logistics, recycling, and depackaging. It owns and operates 44 EfW facilities; 16 waste transfer stations, 20 material processing facilities, 4 landfills, and 1 regional metals recycling facility. Covanta Holding Corporation has a strategic partnership with the Green Investment Group Limited to develop, fund, and own EfW projects in Ireland and the United Kingdom. The company was formerly known as Danielson Holding Corporation and changed its name to Covanta Holding Corporation in September 2005. Covanta Holding Corporation was founded in 1960 and is headquartered in Morristown, New Jersey.

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Industry, Sector and Symbol

Industry Electric, gas & sanitary services
Sub-IndustryEnvironmental & Facilities Services
SectorOils/Energy
CUSIP22282E10
Phone862-345-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.87 billion
Cash Flow$1.6113 per share
Book Value$3.72 per share

Profitability

Net Income$152 million

Miscellaneous

Employees4,000
Market Cap$2.21 billion
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

Covanta (NYSE:CVA) Frequently Asked Questions

What is Covanta's stock symbol?

Covanta trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVA."

How often does Covanta pay dividends? What is the dividend yield for Covanta?

Covanta announced a quarterly dividend on Thursday, March 7th. Shareholders of record on Friday, March 29th will be given a dividend of $0.25 per share on Friday, April 5th. This represents a $1.00 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Thursday, March 28th. View Covanta's Dividend History.

How were Covanta's earnings last quarter?

Covanta Holding Corp (NYSE:CVA) posted its quarterly earnings results on Thursday, February, 14th. The energy company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by $0.05. The energy company had revenue of $500 million for the quarter, compared to analyst estimates of $485.25 million. Covanta had a negative return on equity of 2.36% and a net margin of 8.14%. Covanta's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. View Covanta's Earnings History.

When is Covanta's next earnings date?

Covanta is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Covanta.

What price target have analysts set for CVA?

5 Wall Street analysts have issued 12-month price targets for Covanta's stock. Their forecasts range from $16.00 to $19.00. On average, they expect Covanta's stock price to reach $17.60 in the next twelve months. This suggests a possible upside of 4.3% from the stock's current price. View Analyst Price Targets for Covanta.

What is the consensus analysts' recommendation for Covanta?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covanta in the last year. There are currently 2 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Covanta.

Has Covanta been receiving favorable news coverage?

Headlines about CVA stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Covanta earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned news articles about the energy company a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an effect on the company's share price in the near term.

Who are some of Covanta's key competitors?

What other stocks do shareholders of Covanta own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Covanta investors own include AT&T (T), Intel (INTC), General Electric (GE), Micron Technology (MU), Newell Brands (NWL), Ford Motor (F), Cisco Systems (CSCO), Verizon Communications (VZ), Johnson & Johnson (JNJ) and Pfizer (PFE).

Who are Covanta's key executives?

Covanta's management team includes the folowing people:
  • Mr. Stephen J. Jones, Pres, CEO & Director (Age 58)
  • Mr. Bradford J. Helgeson, Exec. VP & CFO (Age 42)
  • Mr. Timothy J. Simpson, Exec. VP, Gen. Counsel & Sec. (Age 60)
  • Mr. Derek W. Veenhof, Exec. VP of Asset Management (Age 52)
  • Mr. Michael Joseph de Castro, Exec. VP of Supply Chain (Age 56)

Who are Covanta's major shareholders?

Covanta's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.73%), Raymond James & Associates (3.01%), Dimensional Fund Advisors LP (2.93%), Bank of New York Mellon Corp (2.83%), Norges Bank (2.20%) and Ceredex Value Advisors LLC (1.85%). Company insiders that own Covanta stock include Castro Michael Joseph De, John Vincent Hickey, Matthew Mulcahy, Michael W Ranger, Paul E Stauder, Robert Brian Murray, Roger Stephen Peacock, Ronald J Broglio and Stephen J Jones. View Institutional Ownership Trends for Covanta.

Which major investors are selling Covanta stock?

CVA stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, BlackRock Inc., Citigroup Inc., Public Employees Retirement System of Ohio, Deprince Race & Zollo Inc., GW&K Investment Management LLC, Dimensional Fund Advisors LP and Massachusetts Financial Services Co. MA. Company insiders that have sold Covanta company stock in the last year include Matthew Mulcahy, Paul E Stauder and Ronald J Broglio. View Insider Buying and Selling for Covanta.

Which major investors are buying Covanta stock?

CVA stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Bank of New York Mellon Corp, Canada Pension Plan Investment Board, Squarepoint Ops LLC, Nuveen Asset Management LLC, Gilman Hill Asset Management LLC, Martingale Asset Management L P and Bessemer Group Inc.. Company insiders that have bought Covanta stock in the last two years include Castro Michael Joseph De, Michael W Ranger, Robert Brian Murray and Stephen J Jones. View Insider Buying and Selling for Covanta.

How do I buy shares of Covanta?

Shares of CVA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Covanta's stock price today?

One share of CVA stock can currently be purchased for approximately $16.87.

How big of a company is Covanta?

Covanta has a market capitalization of $2.21 billion and generates $1.87 billion in revenue each year. The energy company earns $152 million in net income (profit) each year or ($0.10) on an earnings per share basis. Covanta employs 4,000 workers across the globe.

What is Covanta's official website?

The official website for Covanta is http://www.covanta.com.

How can I contact Covanta?

Covanta's mailing address is 445 South Street, Morristown NJ, 07960. The energy company can be reached via phone at 862-345-5000 or via email at [email protected]


MarketBeat Community Rating for Covanta (NYSE CVA)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  359 (Vote Outperform)
Underperform Votes:  355 (Vote Underperform)
Total Votes:  714
MarketBeat's community ratings are surveys of what our community members think about Covanta and other stocks. Vote "Outperform" if you believe CVA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CVA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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