Covanta Holding Corp Company Profile (NYSE:CVA)

About Covanta Holding Corp (NYSE:CVA)

Covanta Holding Corp logoCovanta 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. Outside of North America, the Company is constructing an energy-from-waste (EfW) facility in Dublin, Ireland. The Company holds interests in an EfW facility in Italy and an infrastructure business in China, which is engaged in EfW operations. These EfW projects generate revenue from three main sources: fees charged for operating projects or processing waste received; the sale of electricity and/or steam, and the sale of ferrous and non-ferrous metals that are recovered from the waste stream as part of the EfW process.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Waste Management
  • Sub-Industry: Environmental & Facilities Services
  • Symbol: NYSE:CVA
  • CUSIP: 22282E10
  • Web:
  • Market Cap: $1.88 billion
  • Outstanding Shares: 129,000,000
Average Prices:
  • 50 Day Moving Avg: $14.75
  • 200 Day Moving Avg: $15.24
  • 52 Week Range: $13.45 - $17.16
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 73.00
  • P/E Growth: -2.49
Sales & Book Value:
  • Annual Revenue: $1.7 billion
  • Price / Sales: 1.11
  • Book Value: $3.09 per share
  • Price / Book: 4.72
  • Annual Dividend: $1.00
  • Dividend Yield: 7.0%
  • EBIDTA: $304 million
  • Net Margins: 3.88%
  • Return on Equity: -4.97%
  • Return on Assets: -0.63%
  • Debt-to-Equity Ratio: 5.33%
  • Current Ratio: 1.72%
  • Quick Ratio: 1.72%
  • Average Volume: 1.07 million shs.
  • Beta: 0.74
  • Short Ratio: 9.55

Frequently Asked Questions for Covanta Holding Corp (NYSE:CVA)

What is Covanta Holding Corp's stock symbol?

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

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

Covanta Holding Corp declared a quarterly dividend on Thursday, May 4th. Investors of record on Thursday, June 29th will be paid a dividend of $0.25 per share on Friday, July 7th. This represents a $1.00 annualized dividend and a dividend yield of 6.85%. The ex-dividend date is Tuesday, June 27th. View Covanta Holding Corp's Dividend History.

How were Covanta Holding Corp's earnings last quarter?

Covanta Holding Corp (NYSE:CVA) issued its earnings results on Tuesday, April, 25th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by $0.16. The firm earned $404 million during the quarter, compared to analyst estimates of $399.69 million. Covanta Holding Corp had a negative return on equity of 4.97% and a net margin of 3.88%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.19) earnings per share. View Covanta Holding Corp's Earnings History.

When will Covanta Holding Corp make its next earnings announcement?

Covanta Holding Corp is scheduled to release their next quarterly earnings announcement on Monday, July, 24th 2017. View Earnings Estimates for Covanta Holding Corp.

Where is Covanta Holding Corp's stock going? Where will Covanta Holding Corp's stock price be in 2017?

8 brokers have issued 1-year target prices for Covanta Holding Corp's shares. Their predictions range from $12.50 to $21.00. On average, they expect Covanta Holding Corp's stock price to reach $17.38 in the next year. View Analyst Ratings for Covanta Holding Corp.

What are analysts saying about Covanta Holding Corp stock?

Here are some recent quotes from research analysts about Covanta Holding Corp stock:

  • 1. Wedbush analysts commented, "We expect Covanta Holding Corp. (CVA), a member of the Wedbush Best Ideas List, to grow adjusted EBITDA 3-5% over the long-term when excluding commodities from multiple growth drivers from its existing asset base. While leveraged to the long-term recovery in energy and metals markets, new investments including Energy-from-Waste (EfW) facility, UK development effort and NYC MTS contract targeted for 2018 support our positive view. In the interim, shareholders collect an annual dividend of $1.00/share (paid quarterly) with the realization of cost efficiencies and lean initiatives pushing hard to offset operating cost inflation and higher maintenance spend." (3/14/2017)
  • 2. According to Zacks Investment Research, "Covanta Holding Corporation is an internationally recognized owner and operator of large-scale Energy-from-Waste and renewable energy projects and a recipient of the Energy Innovator Award from the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy. Covanta's Energy-from-Waste facilities provide communities with an environmentally sound solution to their solid waste disposal needs by using that municipal solid waste to generate clean, renewable energy. " (2/22/2017)
  • 3. Stifel Nicolaus analysts commented, "We are lowering our rating to Hold and reaffirming our target price of $16.50 on Covanta Holdings (CVA, Hold, $16.00). CVA shares should be benefiting from better commodity prices. That it is not is, in our view, due to lingering concerns that sales gains, like better commodity prices, Dublin and upselling the waste fee mix, will continue to be offset by unpredictable cost variability. Most recently the Fairfax, VA and Montgomery County fires have to be factored into the analysis. CVA suggested FY17 would be flat EBTIDA YoY and up FCF on a wind down of growth capital spending. The Fairfax fire puts that outlook at risk depending on how long it will take to restart the facility." (2/13/2017)

Who are some of Covanta Holding Corp's key competitors?

Who owns Covanta Holding Corp stock?

Covanta Holding Corp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.33%), BlackRock Inc. (4.58%), Dimensional Fund Advisors LP (4.17%), Neuberger Berman Group LLC (4.03%), RidgeWorth Capital Management LLC (3.17%) and Levin Capital Strategies L.P. (2.61%). Company insiders that own Covanta Holding Corp stock include Castro Michael Joseph De, Joseph M Holsten, Michael W Ranger, Robert S Silberman, Ronald J Broglio and Stephen J Jones. View Institutional Ownership Trends for Covanta Holding Corp.

Who sold Covanta Holding Corp stock? Who is selling Covanta Holding Corp stock?

Covanta Holding Corp's stock was sold by a variety of institutional investors in the last quarter, including Levin Capital Strategies L.P., Dimensional Fund Advisors LP, Boston Partners, Citadel Advisors LLC, Credit Agricole S A, Renaissance Technologies LLC, Thornburg Investment Management Inc. and Massachusetts Financial Services Co. MA. View Insider Buying and Selling for Covanta Holding Corp.

Who bought Covanta Holding Corp stock? Who is buying Covanta Holding Corp stock?

Covanta Holding Corp's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., RidgeWorth Capital Management LLC, Bank of America Corp DE, GW&K Investment Management LLC, First Trust Advisors LP, Precocity Capital LP, Vanguard Group Inc. and Karp Capital Management Corp. Company insiders that have bought Covanta Holding Corp stock in the last two years include Castro Michael Joseph De, Joseph M Holsten, Michael W Ranger, Robert S Silberman and Stephen J Jones. View Insider Buying and Selling for Covanta Holding Corp.

How do I buy Covanta Holding Corp stock?

Shares of Covanta Holding Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Covanta Holding Corp stock cost?

One share of Covanta Holding Corp stock can currently be purchased for approximately $14.60.

Analyst Ratings

Consensus Ratings for Covanta Holding Corp (NYSE:CVA) (?)
Ratings Breakdown: 1 Sell Rating, 2 Hold Ratings, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $17.38 (19.01% upside)

Analysts' Ratings History for Covanta Holding Corp (NYSE:CVA)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/15/2017Robert W. BairdUpgradeNeutral -> Outperform$17.00HighView Rating Details
3/14/2017WedbushReiterated RatingOutperform$21.00LowView Rating Details
3/3/2017Goldman Sachs Group IncInitiated CoverageSell -> Sell$12.50N/AView Rating Details
2/18/2017Oppenheimer Holdings Inc.Set Price TargetBuy$20.00N/AView Rating Details
2/13/2017Stifel NicolausDowngradeBuy -> Hold$16.50N/AView Rating Details
11/7/2016Barclays PLCUpgradeEqual Weight -> Overweight$16.00N/AView Rating Details
8/25/2016MacquarieInitiated CoverageNeutral$18.00N/AView Rating Details
7/28/2016Imperial CapitalLower Price TargetOutperform$18.50 -> $18.00N/AView Rating Details
2/19/2016BB&T Co.Lower Price TargetBuy$18.00 -> $16.00N/AView Rating Details
2/18/2016Raymond James Financial, Inc.Lower Price Target$19.00 -> $18.50N/AView Rating Details
2/18/2016Credit Suisse Group AGLower Price TargetNeutral$17.00 -> $16.00N/AView Rating Details
(Data available from 5/24/2015 forward)


Earnings History for Covanta Holding Corp (NYSE:CVA)
Earnings by Quarter for Covanta Holding Corp (NYSE:CVA)
Earnings History by Quarter for Covanta Holding Corp (NYSE:CVA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/25/2017Q1 2017($0.21)($0.37)$399.69 million$404.00 millionViewN/AView Earnings Details
2/15/2017Q117$0.13$0.08$425.49 million$457.00 millionViewN/AView Earnings Details
10/25/2016Q316$0.14$0.18$421.72 million$421.00 millionViewN/AView Earnings Details
7/26/2016Q216($0.05)($0.22)$410.38 million$418.00 millionViewN/AView Earnings Details
4/26/2016Q116($0.09)($0.19)$399.58 million$403.00 millionViewN/AView Earnings Details
2/16/2016Q415$0.14$0.03$413.53 million$1.65 billionViewListenView Earnings Details
10/27/2015Q315$0.21$0.22$405.88 million$422.00 millionViewListenView Earnings Details
7/22/2015Q215$0.04($0.06)$408.71 million$408.00 millionViewListenView Earnings Details
4/22/2015Q115($0.08)($0.13)$386.41 million$383.00 millionViewN/AView Earnings Details
2/11/2015Q414$0.15$0.06$407.50 million$435.00 millionViewN/AView Earnings Details
10/22/2014Q314$0.21$0.26$427.80 million$414.00 millionViewN/AView Earnings Details
7/22/2014Q214$0.01$0.06$401.44 million$432.00 millionViewN/AView Earnings Details
4/22/2014Q114($0.15)($0.03)$381.10 million$401.00 millionViewN/AView Earnings Details
2/11/2014Q413$0.21$0.18$426.47 million$422.00 millionViewN/AView Earnings Details
10/24/2013Q313$0.27$0.28$424.94 million$427.00 millionViewN/AView Earnings Details
7/17/2013Q2 2013$0.05$0.10$402.71 million$413.00 millionViewListenView Earnings Details
4/17/2013Q1 2013($0.13)($0.21)$393.50 million$373.00 millionViewListenView Earnings Details
2/6/2013Q4 2012$0.23$0.20$430.00 million$430.00 millionViewListenView Earnings Details
10/17/2012$0.25$0.25ViewN/AView Earnings Details
7/18/2012$0.12$0.15ViewN/AView Earnings Details
4/18/2012($0.08)($0.09)ViewN/AView Earnings Details
10/19/2011$0.24$0.24ViewN/AView Earnings Details
7/20/2011$0.09$0.14ViewN/AView Earnings Details
4/20/2011($0.08)($0.10)ViewN/AView Earnings Details
2/9/2011$0.19$0.20ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Covanta Holding Corp (NYSE:CVA)
2017 EPS Consensus Estimate: $0.00
2018 EPS Consensus Estimate: $0.19
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.20)($0.20)($0.20)
Q2 20171($0.18)($0.18)($0.18)
Q3 20172$0.14$0.16$0.15
Q4 20172$0.23$0.23$0.23
Q1 20181($0.20)($0.20)($0.20)
Q2 20181($0.07)($0.07)($0.07)
Q3 20181$0.18$0.18$0.18
Q4 20181$0.28$0.28$0.28
(Data provided by Zacks Investment Research)


Current Dividend Information for Covanta Holding Corp (NYSE:CVA)
Next Dividend:7/7/2017
Annual Dividend:$1.00
Dividend Yield:6.85%
Dividend Growth:26.40% (3 Year Average)
Payout Ratio:208.34% (Trailing 12 Months of Earnings)
-909.09% (Based on This Year's Estimates)
500.00% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Covanta Holding Corp (NYSE:CVA)

Dividend History by Quarter for Covanta Holding Corp (NYSE:CVA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Covanta Holding Corp (NYSE:CVA)
Insider Ownership Percentage: 11.80%
Institutional Ownership Percentage: 81.57%
Insider Trades by Quarter for Covanta Holding Corp (NYSE:CVA)
Institutional Ownership by Quarter for Covanta Holding Corp (NYSE:CVA)
Insider Trades by Quarter for Covanta Holding Corp (NYSE:CVA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/10/2017Ronald J BroglioDirectorSell3,000$14.33$42,990.00View SEC Filing  
4/27/2017Michael W RangerDirectorBuy40,000$14.56$582,400.00View SEC Filing  
4/27/2017Stephen J JonesInsiderBuy10,000$14.48$144,800.00View SEC Filing  
12/13/2016Stephen J JonesInsiderBuy15,000$14.81$222,150.00View SEC Filing  
12/8/2016Joseph M HolstenDirectorBuy20,000$14.34$286,800.00View SEC Filing  
11/14/2016Robert S SilbermanDirectorBuy2,000$14.73$29,460.00View SEC Filing  
7/28/2016Ronald J BroglioDirectorSell4,500$15.78$71,010.00View SEC Filing  
3/3/2016Robert S SilbermanDirectorBuy2,077$14.98$31,113.46View SEC Filing  
2/19/2016Stephen J JonesCEOBuy15,000$13.09$196,350.00View SEC Filing  
12/14/2015Joseph M HolstenDirectorBuy80,780$14.49$1,170,502.20View SEC Filing  
12/8/2015Castro Michael Joseph DeEVPBuy10,000$15.00$150,000.00View SEC Filing  
4/6/2015Anthony J OrlandoDirectorSell140,000$22.04$3,085,600.00View SEC Filing  
3/13/2015Stephen J JonesCEOBuy50,000$21.15$1,057,500.00View SEC Filing  
12/2/2014Peter C B BynoeDirectorSell13,334$23.86$318,149.24View SEC Filing  
11/26/2014Seth MyonesCOOSell120,000$24.79$2,974,800.00View SEC Filing  
11/13/2014William PateDirectorSell6,439$23.65$152,282.35View SEC Filing  
11/7/2014Jean SmithDirectorSell5,000$23.35$116,750.00View SEC Filing  
11/7/2014Seth MyonesCOOSell36,206$23.49$850,478.94View SEC Filing  
10/30/2014Timothy SimpsonVPSell24,686$21.84$539,142.24View SEC Filing  
8/21/2014William PateDirectorSell3,867$20.90$80,820.30View SEC Filing  
8/12/2014Seth MyonesCOOSell26,883$20.56$552,714.48View SEC Filing  
7/28/2014Sz Investments LlcMajor ShareholderSell2,000,000$20.44$40,880,000.00View SEC Filing  
7/25/2014Ronald J BroglioDirectorSell4,500$20.39$91,755.00View SEC Filing  
9/3/2013Timothy SimpsonVPSell14,144$21.13$298,862.72View SEC Filing  
8/5/2013Anthony J OrlandoCEOSell40,000$20.83$833,200.00View SEC Filing  
5/21/2013Ronald J BroglioDirectorSell4,500$20.40$91,800.00View SEC Filing  
5/9/2013Timothy SimpsonVPSell28,209$20.12$567,565.08View SEC Filing  
5/1/2013John KlettEVPSell30,000$20.07$602,100.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Covanta Holding Corp (NYSE:CVA)
Latest Headlines for Covanta Holding Corp (NYSE:CVA)
DateHeadline logoSnatch This Bargain Energy Stock With 6.9% Yield Even Cheaper Than Director Ranger Did - May 23 at 12:35 PM logoCovanta Holding Corp (CVA) Receives Consensus Recommendation of "Hold" from Analysts - May 19 at 7:50 AM logoETFs with exposure to Covanta Holding Corp. : May 15, 2017 - May 15 at 4:29 PM logoCovanta Holding Corp (CVA) Stock Rating Upgraded by Robert W. Baird - May 15 at 9:34 AM logoCovanta Holding Corp (CVA) Expected to Announce Quarterly Sales of $418.12 Million - May 14 at 9:15 AM logo-$0.16 EPS Expected for Covanta Holding Corp (CVA) This Quarter - May 12 at 4:02 PM logoRonald J. Broglio Sells 3,000 Shares of Covanta Holding Corp (CVA) Stock - May 11 at 12:06 AM logoCovanta Holding Corp (CVA) to Issue Quarterly Dividend of $0.25 - May 4 at 10:36 PM logoCovanta Holding Corp (CVA) Receiving Somewhat Positive Media Coverage, AlphaOne Reports - May 4 at 6:30 PM featured highlights: Covanta Holding, PTC, Etsy, KCG Holdings and Incyte - May 3 at 4:31 PM logoETFs with exposure to Covanta Holding Corp. : May 2, 2017 - May 2 at 7:20 PM logoSomewhat Critical Media Coverage Very Likely to Impact Covanta Holding Corp (CVA) Stock Price - May 1 at 6:00 PM logoCovanta Holding Corp. :CVA-US: Earnings Analysis: Q1, 2017 By the Numbers : May 1, 2017 - May 1 at 4:30 PM logoCovanta Holding Corp (CVA) Director Acquires $582,400.00 in Stock - May 1 at 2:21 PM logoCovanta Holding Corp (CVA) Insider Stephen J. Jones Acquires 10,000 Shares - May 1 at 2:20 PM logoCovanta Holding Corp (CVA) Forecasted to Earn FY2017 Earnings of ($0.19) Per Share - May 1 at 10:48 AM logoCovanta Holding Corp (CVA) Expected to Post Q2 2017 Earnings of ($0.18) Per Share - May 1 at 8:23 AM logoQ3 2017 EPS Estimates for Covanta Holding Corp Boosted by Analyst (CVA) - April 28 at 1:55 PM logoQ3 2017 EPS Estimates for Covanta Holding Corp Increased by Analyst (CVA) - April 28 at 1:54 PM logoSomewhat Negative News Coverage Very Likely to Affect Covanta Holding Corp (CVA) Stock Price - April 28 at 12:36 PM logoEdited Transcript of CVA earnings conference call or presentation 26-Apr-17 12:30pm GMT - April 27 at 5:07 PM logoEARNINGS SUMMARY: Details of Covanta Holding Corporation Q1 Earnings Report - April 27 at 1:49 AM logoCovanta Holding (CVA) Q1 2017 Results - Earnings Call Transcript - April 27 at 1:49 AM logoCovanta Holding Corp (CVA) Posts Quarterly Earnings Results, Misses Estimates By $0.16 EPS - April 25 at 9:46 PM logoSomewhat Negative News Coverage Very Likely to Affect Covanta Holding Corp (CVA) Share Price - April 25 at 5:28 PM logoCovanta reports 1Q loss - April 25 at 5:06 PM logoCovanta Holding Corporation Reports 2017 First Quarter Results And Affirms 2017 Guidance - April 25 at 4:21 PM logoCovanta Holding Corp (CVA) Receives Consensus Rating of "Hold" from Brokerages - April 24 at 9:45 AM logoCovanta Holding Corp (CVA) Expected to Post Quarterly Sales of $402.12 Million - April 23 at 8:12 AM logoSomewhat Favorable Press Coverage Very Likely to Affect Covanta Holding Corp (CVA) Stock Price - April 22 at 10:49 AM logo Analysts Expect Covanta Holding Corp (CVA) Will Announce Earnings of -$0.20 Per Share - April 21 at 10:50 PM logoCovanta Holding Corp (CVA) Receiving Somewhat Critical Press Coverage, Report Finds - April 17 at 9:51 PM logoCovanta Holding Corp (CVA) Receives News Impact Rating of 0.01 - April 14 at 4:14 PM logoCovanta Holding Corporation First Quarter 2017 Earnings Conference Call To Be Held On April 26, - PR Newswire (press release) - April 13 at 4:36 PM logoCovanta Holding Corporation First Quarter 2017 Earnings Conference Call To Be Held On April 26, 2017 - April 13 at 4:36 PM logoWill Clean Energy ETFs Benefit From A Carbon Tax? - April 7 at 9:16 AM logoCovanta Holding Corporation (CVA) Ex-Dividend Date... - March 27 at 12:21 PM logoEx-Dividend Reminder: Thor Industries, Covanta Holding and ProAssurance - March 24 at 4:51 PM logoCovanta Holding Corporation Announces Closing of Senior Notes due 2025 - March 16 at 5:55 PM logoCOVANTA HOLDING CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statemen - March 16 at 5:55 PM logo5 Toxic Stocks to Dump or Play Short to Make Gains - March 15 at 5:00 PM logoWedbush Reiterates Outperform on Covanta Holding (CVA) - - March 14 at 1:11 PM logoCovanta Holding (CVA) Presenta At The Raymond James 38th Annual Institutional Investors Conference 2017 - March 9 at 10:13 PM logoRecent Investment Analysts’ Ratings Updates for Covanta Holding Corp (CVA) - March 8 at 10:47 AM logoCOVANTA HOLDING CORP Files SEC form 8-K, Change in Directors or Principal Officers - March 7 at 12:07 PM logoCOVANTA HOLDING CORP Files SEC form 8-K, Other Events - March 3 at 9:42 PM logoCOVANTA HOLDING CORP Financials - March 3 at 4:39 PM logoCovanta Holding Corporation announces public offering of $400M of unsecured senior notes - March 2 at 4:52 PM logoCovanta Holding Corporation -- Moody's assigns Ba3 rating to Covanta's new senior unsecured notes; outlook negative - March 2 at 4:52 PM logoCovanta Holding Corporation Announces Pricing of Senior Notes due 2025 - March 2 at 4:52 PM



Covanta Holding Corp (CVA) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by Staff