Covanta Holding Corporation Company Profile (NYSE:CVA)

About Covanta Holding Corporation (NYSE:CVA)

Covanta Holding Corporation 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, Disposal & Recycling Services
  • Sub-Industry: Environmental & Facilities Services
  • Symbol: NYSE:CVA
  • CUSIP: 22282E10
  • Web: www.covanta.com
Capitalization:
  • Market Cap: $2.01123 billion
  • Outstanding Shares: 130,000,000
Average Prices:
  • 50 Day Moving Avg: $14.83
  • 200 Day Moving Avg: $14.37
  • 52 Week Range: $13.00 - $16.50
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 125.42
  • P/E Growth: -1.16
Sales & Book Value:
  • Annual Revenue: $1.71 billion
  • Price / Sales: 1.14
  • Book Value: $2.66 per share
  • Price / Book: 5.66
Dividend:
  • Annual Dividend: $1.00
  • Dividend Yield: 6.5%
Profitability:
  • EBITDA: $296 million
  • Net Margins: -1.41%
  • Return on Equity: -9.81%
  • Return on Assets: -0.96%
Debt:
  • Debt-to-Equity Ratio: 8.10%
  • Current Ratio: 1.26%
  • Quick Ratio: 1.26%
Misc:
  • Average Volume: 1.10 million shs.
  • Beta: 0.71
  • Short Ratio: 12.06
 

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

What is Covanta Holding Corporation's stock symbol?

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

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

Covanta Holding Corporation announced a quarterly dividend on Thursday, September 14th. Shareholders of record on Thursday, September 28th will be paid a dividend of $0.25 per share on Friday, October 6th. This represents a $1.00 annualized dividend and a yield of 6.64%. The ex-dividend date is Wednesday, September 27th. View Covanta Holding Corporation's Dividend History.

How were Covanta Holding Corporation's earnings last quarter?

Covanta Holding Corporation (NYSE:CVA) issued its quarterly earnings data on Thursday, July, 27th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by $0.04. The firm earned $424 million during the quarter, compared to the consensus estimate of $416.18 million. Covanta Holding Corporation had a negative net margin of 1.41% and a negative return on equity of 9.81%. The business's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.22) earnings per share. View Covanta Holding Corporation's Earnings History.

When will Covanta Holding Corporation make its next earnings announcement?

Covanta Holding Corporation is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Covanta Holding Corporation.

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

7 analysts have issued 12-month price objectives for Covanta Holding Corporation's shares. Their predictions range from $12.50 to $21.00. On average, they anticipate Covanta Holding Corporation's stock price to reach $17.07 in the next year. View Analyst Ratings for Covanta Holding Corporation.

What are analysts saying about Covanta Holding Corporation stock?

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

  • 1. 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. " (10/9/2017)
  • 2. 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)
  • 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 Corporation's key competitors?

Who are Covanta Holding Corporation's key executives?

Covanta Holding Corporation's management team includes the folowing people:

  • Samuel F. Zell J.D., Independent Chairman of the Board
  • Stephen J. Jones, President, Chief Executive Officer, Director
  • Bradford J. Helgeson, Chief Financial Officer, Executive Vice President
  • Paul E. Stauder, President of Covanta Environmental Solutions
  • Michael A. Wright, Chief Human Resource Officer, Senior Vice President
  • Timothy J. Simpson, Executive Vice President, General Counsel, Secretary
  • Michael Joseph de Castro, Executive Vice President - Supply Chain
  • Matthew R. Mulcahy, Executive Vice President and Head of Corporate Development
  • Derek W. Veenhof, Executive Vice President - Sustainable Solutions
  • Manpreet Grewal, Chief Accounting Officer, Vice President

Who owns Covanta Holding Corporation stock?

Covanta Holding Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Advisors Capital Management LLC (0.16%), Harrington Investments INC (0.02%) and Northside Capital Management LLC (0.01%). Company insiders that own Covanta Holding Corporation stock include Castro Michael Joseph De, Joseph M Holsten, Michael W Ranger, Paul E Stauder, Robert S Silberman, Ronald J Broglio and Stephen J Jones. View Institutional Ownership Trends for Covanta Holding Corporation.

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

Covanta Holding Corporation's stock was sold by a variety of institutional investors in the last quarter, including Northside Capital Management LLC. Company insiders that have sold Covanta Holding Corporation stock in the last year include Paul E Stauder and Ronald J Broglio. View Insider Buying and Selling for Covanta Holding Corporation.

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

Covanta Holding Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Harrington Investments INC and Advisors Capital Management LLC. Company insiders that have bought Covanta Holding Corporation 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 Corporation.

How do I buy Covanta Holding Corporation stock?

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

What is Covanta Holding Corporation's stock price today?

One share of Covanta Holding Corporation stock can currently be purchased for approximately $15.05.


MarketBeat Community Rating for Covanta Holding Corporation (NYSE CVA)
Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  248 (Vote Outperform)
Underperform Votes:  234 (Vote Underperform)
Total Votes:  482
MarketBeat's community ratings are surveys of what our community members think about Covanta Holding Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Covanta Holding Corporation (NYSE:CVA) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.71)
Consensus Price Target: $17.07 (13.43% upside)
Consensus Price Target History for Covanta Holding Corporation (NYSE:CVA)
Price Target History for Covanta Holding Corporation (NYSE:CVA)
Analysts' Ratings History for Covanta Holding Corporation (NYSE:CVA)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/6/2017Robert W. BairdReiterated RatingBuy$17.00N/AView Rating Details
9/5/2017Stifel NicolausReiterated RatingBuy$17.00LowView Rating Details
7/31/2017BMO Capital MarketsUpgradeMarket Perform -> Outperform$16.00 -> $17.00HighView Rating Details
7/17/2017Oppenheimer Holdings, Inc.Reiterated RatingBuyLowView Rating Details
7/12/2017Barclays PLCUpgradeEqual Weight -> Overweight$16.00 -> $15.00HighView Rating Details
3/14/2017WedbushReiterated RatingOutperform$21.00LowView Rating Details
3/3/2017Goldman Sachs Group, Inc. (The)Initiated CoverageSell -> Sell$12.50N/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 CorporationLower 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 GroupLower Price TargetNeutral$17.00 -> $16.00N/AView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for Covanta Holding Corporation (NYSE:CVA)
Earnings by Quarter for Covanta Holding Corporation (NYSE:CVA)
Earnings History by Quarter for Covanta Holding Corporation (NYSE CVA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017$0.09N/AView Earnings Details
7/27/2017Q2 2017($0.18)($0.22)$416.18 million$424.00 millionViewN/AView Earnings Details
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)

Estimates

Earnings Estimates for Covanta Holding Corporation (NYSE:CVA)
2017 EPS Consensus Estimate: ($0.10)
2018 EPS Consensus Estimate: $0.19
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.20)($0.20)($0.20)
Q2 20172($0.31)($0.18)($0.25)
Q3 20172$0.02$0.16$0.09
Q4 20172$0.23$0.28$0.26
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)

Dividends

Current Dividend Information for Covanta Holding Corporation (NYSE:CVA)
Most Recent Dividend:10/6/2017
Annual Dividend:$1.00
Dividend Yield:6.64%
Dividend Growth:26.40% (3 Year Average)
Payout Ratio:-526.29% (Trailing 12 Months of Earnings)
-384.62% (Based on This Year's Estimates)
833.33% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Covanta Holding Corporation (NYSE:CVA)

Dividend History by Quarter for Covanta Holding Corporation (NYSE CVA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/14/2017quarterly$0.256.87%9/27/20179/28/201710/6/2017
5/4/2017quarterly$0.256.99%6/27/20176/29/20177/7/2017
3/2/2017quarterly$0.256.54%3/28/20173/30/20174/6/2017
12/8/2016quarterly$0.256.9%12/28/201612/30/20161/6/2017
9/22/2016quarterly$0.256.58%9/29/201610/3/201610/7/2016
5/5/2016quarterly$0.256.07%6/23/20166/27/20167/6/2016
3/3/2016quarterly$0.256.53%3/24/20163/29/20164/5/2016
12/3/2015quarterly$0.256.21%12/28/201512/30/20151/7/2016
9/17/2015quarterly$0.255.28%9/28/20159/30/201510/7/2015
5/7/2015quarterly$0.254.69%6/25/20156/29/20157/7/2015
3/5/2015quarterly$0.254.59%3/27/20153/31/20154/7/2015
12/4/2014quarterly$0.254.16%12/22/201412/24/20141/2/2015
9/17/2014quarterly$0.254.64%9/25/20149/29/201410/6/2014
6/5/2014quarterly$0.183.74%6/23/20146/25/20147/2/2014
2/26/2014quarterly$0.184.16%3/24/20143/26/20144/2/2014
12/5/2013quarterly$0.173.83%12/23/201312/26/20131/3/2014
9/11/2013quarterly$0.173.03%9/26/20139/30/201310/7/2013
6/6/2013quarterly$0.173.3%6/25/20136/27/20137/8/2013
3/7/2013quarterly$0.173.35%3/26/20133/28/20134/5/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Covanta Holding Corporation (NYSE:CVA)
Insider Ownership Percentage: 11.60%
Institutional Ownership Percentage: 96.55%
Insider Trades by Quarter for Covanta Holding Corporation (NYSE:CVA)
Institutional Ownership by Quarter for Covanta Holding Corporation (NYSE:CVA)
Insider Trades by Quarter for Covanta Holding Corporation (NYSE:CVA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/9/2017Paul E StauderInsiderSell1,500$14.45$21,675.00View SEC Filing  
5/24/2017Paul E StauderInsiderSell2,500$14.50$36,250.00View SEC Filing  
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)

Headlines

Headline Trends for Covanta Holding Corporation (NYSE:CVA)
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Covanta Holding Corporation (CVA) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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