NYSE:CVACovanta Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Covanta Holding Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $7.09 -1.31 (-15.60 %) (As of 04/3/2020 04:00 PM ET) Add Compare Share Today's Range$7.00Now: $7.09▼$8.2950-Day Range$7.09MA: $11.90▼$15.8452-Week Range$7.00Now: $7.09▼$18.38Volume2.14 million shsAverage Volume1.76 million shsMarket Capitalization$931.84 millionP/E Ratio118.17Dividend Yield11.90%Beta1.49 ProfileAnalyst RatingsAdvanced ChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.1 Analyst's Opinion Consensus RatingCovanta has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.75, Covanta has a potential upside of 108.0% from its current price of $7.09.Amount of Analyst CoverageCovanta has only been the subject of 1 research reports in the past 90 days. Previous Next 2.5 Community Rank Outperform VotesCovanta has received 421 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCovanta has received 426 “underperform” votes. (Add your “underperform” vote.)Community SentimentCovanta has received 50.30% “underperform” votes from our community.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. Previous Next 1.7 Dividend Strength Dividend LeadershipCovanta is a leading dividend payer. It pays a dividend yield of 11.90%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCovanta does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Covanta is 1,428.57 %. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Covanta insiders have bought more of their company's stock than they have sold. Specifically, they have bought $194,200.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 11.00% of the stock of Covanta is held by insiders.Percentage Held by Institutions79.12% of the stock of Covanta is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Covanta are expected to decrease by -90.91% in the coming year, from ($0.11) to ($0.01) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Covanta is 118.17, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.07.Price to Earnings Ratio vs. SectorThe P/E ratio of Covanta is 118.17, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.76.Price to Book Value per Share RatioCovanta has a P/B Ratio of 2.48. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next 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 Stock Exchange NYSE Industry Electric, gas & sanitary services Sub-IndustryEnvironmental & Facilities Services SectorOils/Energy Current SymbolNYSE:CVA Previous Symbol CUSIP22282E10 CIK225648 Webhttp://www.covanta.com/ Phone862-345-5000Debt Debt-to-Equity Ratio6.63 Current Ratio1.13 Quick Ratio1.13Price-To-Earnings Trailing P/E Ratio118.17 Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$1.87 billion Price / Sales0.50 Cash Flow$1.51 per share Price / Cash Flow4.68 Book Value$2.86 per share Price / Book2.48Profitability EPS (Most Recent Fiscal Year)$0.07 Net Income$10 million Net Margins0.53% Return on Equity2.46% Return on Assets0.26%Miscellaneous Employees4,000 Outstanding Shares131,430,000Market Cap$931.84 million Next Earnings Date4/23/2020 (Estimated) OptionableOptionable Receive CVA News and Ratings via Email Sign-up to receive the latest news and ratings for CVA and its competitors with MarketBeat's FREE daily newsletter. CVA Rates by TradingView 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? Some companies that are related to Covanta include Waste Management (WM), Republic Services (RSG), Rollins (ROL), Stericycle (SRCL), Tetra Tech (TTEK), Clean Harbors (CLH), Casella Waste Systems (CWST), ABM Industries (ABM), US Ecology (ECOL), SP Plus (SP), Heritage-Crystal Clean (HCCI), Team (TISI), CECO Environmental (CECE), Acorn Energy (ACFN) and Metalico (MEA). 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 StaffFeatured Article: What is an Initial Public Offering (IPO)?
