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Covanta Stock Forecast, Price & News

+0.22 (+1.47 %)
(As of 05/14/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume332,040 shs
Average Volume904,452 shs
Market Capitalization$2.01 billion
P/E RatioN/A
Dividend Yield2.14%
30 days | 90 days | 365 days | Advanced Chart
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About Covanta

Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and internationally. It owns and operates infrastructure for the conversion of waste to energy (WtE), as well as engages in related waste transport and disposal, and other renewable energy generation businesses. The company disposes waste and generates electricity and/or steam; sells ferrous and non-ferrous metal recovered during the WtE process; and offers waste management solutions, such as site clean-up, wastewater treatment, pharmaceutical and healthcare solutions, reverse distribution, transportation and logistics, recycling, and depackaging. As of December 31, 2020, it owned and operated 41 WtE operations, 13 transfer stations, 20 material processing facilities, 4 landfills, 2 wood waste energy projects, 1 regional metals recycling facility, and 1 ash processing facility. 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 1986 and is headquartered in Morristown, New Jersey.


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Industry, Sector and Symbol

Industry Electric, gas & sanitary services
Sub-IndustryEnvironmental & Facilities Services
Year FoundedN/A

Sales & Book Value

Annual Sales$1.87 billion
Cash Flow$1.90 per share
Book Value$2.86 per share


Net Income$10 million




Market Cap$2.01 billion
Next Earnings Date7/29/2021 (Estimated)


Overall MarketRank

1.39 out of 5 stars

Oils/Energy Sector

162nd out of 665 stocks

Electric, Gas & Sanitary Services Industry

5th out of 6 stocks

Analyst Opinion: 1.3Community Rank: 2.5Dividend Strength: 0.8Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Covanta (NYSE:CVA) Frequently Asked Questions

Is Covanta a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Covanta in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Covanta stock.
View analyst ratings for Covanta
or view top-rated stocks.

What stocks does MarketBeat like better than Covanta?

Wall Street analysts have given Covanta a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Covanta wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Covanta's next earnings date?

Covanta is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Covanta

How were Covanta's earnings last quarter?

Covanta Holding Co. (NYSE:CVA) issued its quarterly earnings results on Thursday, April, 29th. The energy company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.14) by $0.15. Covanta had a negative trailing twelve-month return on equity of 9.01% and a negative net margin of 1.48%.
View Covanta's earnings history

How has Covanta's stock price 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 increased by 38.3% and is now trading at $15.14.
View which stocks have been most impacted by COVID-19

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

Covanta announced a quarterly dividend on Thursday, May 13th. Shareholders of record on Thursday, June 24th will be given a dividend of $0.08 per share on Friday, July 2nd. This represents a $0.32 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, June 23rd.
View Covanta's dividend history

Is Covanta a good dividend stock?

Covanta pays an annual dividend of $0.32 per share and currently has a dividend yield of 2.14%. Covanta does not yet have a strock track record of dividend growth. The dividend payout ratio of Covanta is 457.14%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Covanta's dividend history.

What price target have analysts set for CVA?

5 brokers have issued 12-month price objectives for Covanta's stock. Their forecasts range from $11.50 to $16.00. On average, they expect Covanta's stock price to reach $13.50 in the next twelve months. This suggests that the stock has a possible downside of 10.8%.
View analysts' price targets for Covanta
or view top-rated stocks among Wall Street analysts.

Who are Covanta's key executives?

Covanta's management team includes the following people:
  • Mr. Michael W. Ranger, Pres, CEO & Director (Age 63, Pay $68.33k)
  • Mr. Bradford J. Helgeson, Exec. VP & CFO (Age 44, Pay $885.15k)
  • Mr. Derek W. Veenhof, Exec. VP & COO (Age 54, Pay $889.79k)
  • Mr. Timothy J. Simpson, Exec. VP & Chief Admin. Officer (Age 62, Pay $689.29k)
  • Mr. Thomas L. Kenyon, Exec. VP, Gen. Counsel & Sec. (Age 50, Pay $619.36k)
  • Mr. Owen Michaelson, Pres of Covanta Europe Investments Limited & Director (Age 54, Pay $72.25k)
  • Mr. Joseph J. Schantz II, Chief Accounting Officer & VP (Age 38)
  • Mr. Daniel Joshua Mannes CFA, VP of Investor Relations
  • Mr. Matthew R. Mulcahy, Exec. VP & Head of Corp. Devel. (Age 57)
  • Ms. Virginia D. Angilello, Sr. VP & Chief HR Officer (Age 51)

What is Steve Jones' approval rating as Covanta's CEO?

54 employees have rated Covanta CEO Steve Jones on Steve Jones has an approval rating of 92% among Covanta's employees. This puts Steve Jones in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), Enterprise Products Partners (EPD), Intel (INTC), CVS Health (CVS), International Business Machines (IBM), Cisco Systems (CSCO), Verizon Communications (VZ), General Electric (GE) and Johnson & Johnson (JNJ).

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. (6.59%), Bank of New York Mellon Corp (3.16%), Dimensional Fund Advisors LP (2.46%), Geode Capital Management LLC (1.45%), Neuberger Berman Group LLC (1.15%) and Peregrine Capital Management LLC (1.06%). Company insiders that own Covanta stock include Castro Michael Joseph De, Linda J Fisher, Paul E Stauder, Robert S Silberman and Ronald J Broglio.
View institutional ownership trends for Covanta

Which major investors are selling Covanta stock?

CVA stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Jupiter Asset Management Ltd., BOKF NA, Bank of New York Mellon Corp, Advisors Asset Management Inc., Cooper Creek Partners Management LLC, Kennedy Capital Management Inc., and State of New Jersey Common Pension Fund D. Company insiders that have sold Covanta company stock in the last year include Paul E Stauder, and Ronald J Broglio.
View insider buying and selling activity for Covanta
or view top insider-selling stocks.

Which major investors are buying Covanta stock?

CVA stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Healthcare of Ontario Pension Plan Trust Fund, Alps Advisors Inc., Arrowstreet Capital Limited Partnership, SG Americas Securities LLC, Renaissance Technologies LLC, Clayton Partners LLC, and Geode Capital Management LLC.
View insider buying and selling activity for Covanta
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Covanta's stock price today?

One share of CVA stock can currently be purchased for approximately $15.14.

How much money does Covanta make?

Covanta has a market capitalization of $2.01 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.

How many employees does Covanta have?

Covanta employs 4,000 workers across the globe.

What is Covanta's official website?

The official website for Covanta is

Where are Covanta's headquarters?

Covanta is headquartered at 445 South Street, Morristown NJ, 07960.

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 5/16/2021 by Staff
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