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NYSE:CVACovanta Stock Price, Forecast & News

$9.00
-0.30 (-3.23 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$8.80
Now: $9.00
$9.18
50-Day Range
$6.81
MA: $7.96
$9.30
52-Week Range
$6.57
Now: $9.00
$18.38
Volume2.16 million shs
Average Volume1.30 million shs
Market Capitalization$1.19 billion
P/E RatioN/A
Dividend Yield11.11%
Beta1.19
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: 4.1Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.58 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.87 billion
Cash Flow$1.80 per share
Book Value$2.30 per share

Profitability

Net Income$10 million

Miscellaneous

Employees4,000
Market Cap$1.19 billion
Next Earnings Date7/23/2020 (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 reached pandemic status according to the World Health Organization. Since then, CVA stock has decreased by 17.8% and is now trading at $9.00. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Covanta?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covanta in the last year. There are currently 6 hold ratings and 2 buy ratings 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, July 23rd 2020. View our earnings forecast for Covanta.

How were Covanta's earnings last quarter?

Covanta Holding Corp (NYSE:CVA) announced its quarterly earnings results on Thursday, May, 7th. The energy company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by $0.02. The energy company earned $468 million during the quarter, compared to analyst estimates of $458.18 million. Covanta had a negative net margin of 1.43% and a negative return on equity of 7.34%. Covanta's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 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 Thursday, May 14th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.08 per share on Friday, July 10th. This represents a $0.32 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, June 25th. View Covanta's dividend history.

What price target have analysts set for CVA?

8 equities research analysts have issued 12 month price targets for Covanta's stock. Their forecasts range from $7.00 to $16.00. On average, they anticipate Covanta's share price to reach $11.64 in the next twelve months. This suggests a possible upside of 29.4% from the stock's current price. View analysts' price targets for Covanta.

Has Covanta been receiving favorable news coverage?

Headlines about CVA stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Covanta earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave news articles about the energy company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutCovanta.

Are investors shorting Covanta?

Covanta saw a decrease in short interest in May. As of May 15th, there was short interest totaling 2,430,000 shares, a decrease of 31.2% from the April 30th total of 3,530,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.9% of the shares of the stock are short sold. 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), Ford Motor (F), Verizon Communications (VZ), Intel (INTC), Cisco Systems (CSCO), Enterprise Products Partners (EPD), General Electric (GE), IBM (IBM), Newell Brands (NWL) and Pfizer (PFE).

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."

Who are Covanta's major shareholders?

Covanta's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.15%), Bank of New York Mellon Corp (3.70%), Fuller & Thaler Asset Management Inc. (3.49%), State Street Corp (1.93%), Geode Capital Management LLC (1.23%) and Levin Capital Strategies L.P. (1.00%). Company insiders that own Covanta stock include Castro Michael Joseph De, Linda J Fisher, Matthew Mulcahy, Paul E Stauder, Robert S Silberman, Ronald J Broglio and Timothy Simpson. View institutional ownership trends for Covanta.

Which institutional investors are selling Covanta stock?

CVA stock was sold by a variety of institutional investors in the last quarter, including GW&K Investment Management LLC, Levin Capital Strategies L.P., Wellington Management Group LLP, Morgan Stanley, Morgan Stanley, BlackRock Inc., Nuveen Asset Management LLC, and First Trust Advisors LP. Company insiders that have sold Covanta company stock in the last year include Castro Michael Joseph De, Linda J Fisher, and Paul E Stauder. View insider buying and selling activity for Covanta.

Which institutional investors are buying Covanta stock?

CVA stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Frontier Capital Management Co. LLC, Baird Financial Group Inc., Bogle Investment Management L P DE, Bank of New York Mellon Corp, Alps Advisors Inc., Geode Capital Management LLC, and SG Americas Securities LLC. Company insiders that have bought Covanta stock in the last two years include Castro Michael Joseph De, and Robert S Silberman. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Covanta's stock price today?

One share of CVA stock can currently be purchased for approximately $9.00.

How big of a company is Covanta?

Covanta has a market capitalization of $1.19 billion 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.

What is Covanta's official website?

The official website for Covanta is 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 5/31/2020 by MarketBeat.com Staff

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