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NYSE:CVACovanta Stock Price, Forecast & News

$7.09
-1.31 (-15.60 %)
(As of 04/3/2020 04:00 PM ET)
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Today's Range
$7.00
Now: $7.09
$8.29
50-Day Range
$7.09
MA: $11.90
$15.84
52-Week Range
$7.00
Now: $7.09
$18.38
Volume2.14 million shs
Average Volume1.76 million shs
Market Capitalization$931.84 million
P/E Ratio118.17
Dividend Yield11.90%
Beta1.49
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.25 out of 5 stars


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$1.51 per share
Book Value$2.86 per share

Profitability

Net Income$10 million

Miscellaneous

Employees4,000
Market Cap$931.84 million
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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Covanta (NYSE:CVA) Frequently Asked Questions

How has Covanta's stock been impacted by COVID-19 (Coronavirus)?

Covanta's stock was trading at $10.95 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CVA shares have decreased by 35.3% and is now trading at $7.09. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Covanta?

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

When is Covanta's next earnings date?

Covanta is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Covanta.

How were Covanta's earnings last quarter?

Covanta Holding Corp (NYSE:CVA) released its earnings results on Thursday, February, 20th. The energy company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.07 by $0.02. The energy company had revenue of $485 million for the quarter, compared to analysts' expectations of $480.43 million. Covanta had a return on equity of 2.46% and a net margin of 0.53%. The business's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 EPS. View Covanta's earnings history.

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

Covanta declared a quarterly dividend on Wednesday, March 11th. Stockholders of record on Friday, March 27th will be given a dividend of $0.25 per share on Friday, April 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.10%. The ex-dividend date of this dividend is Thursday, March 26th. View Covanta's dividend history.

What price target have analysts set for CVA?

6 analysts have issued 1 year target prices for Covanta's shares. Their forecasts range from $10.00 to $17.00. On average, they anticipate Covanta's stock price to reach $14.75 in the next year. This suggests a possible upside of 108.0% from the stock's current price. View analysts' price targets for Covanta.

Has Covanta been receiving favorable news coverage?

Media stories about CVA stock have been trending very negative recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Covanta earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave headlines about the energy company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutCovanta.

Are investors shorting Covanta?

Covanta saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 3,486,700 shares, an increase of 17.4% from the February 27th total of 2,970,000 shares. Based on an average trading volume of 823,700 shares, the days-to-cover ratio is currently 4.2 days. Approximately 2.7% of the shares of the stock are sold short. View Covanta's Current Options Chain.

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), Verizon Communications (VZ), Ford Motor (F), Cisco Systems (CSCO), Enterprise Products Partners (EPD), Intel (INTC), Energy Transfer LP Unit (ET), General Electric (GE), IBM (IBM) and AbbVie (ABBV).

Who are Covanta's key executives?

Covanta's management team includes the following 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)

What is Covanta's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is Covanta's stock price today?

One share of CVA stock can currently be purchased for approximately $7.09.

How big of a company is Covanta?

Covanta has a market capitalization of $931.84 million and generates $1.87 billion in revenue each year. The energy company earns $10 million in net income (profit) each year or $0.07 on an earnings per share basis. Covanta employs 4,000 workers across the globe. View additional information about Covanta.

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]

This page was last updated on 4/4/2020 by MarketBeat.com Staff

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