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NYSE:CVA - Covanta Stock Price, Forecast & News

$14.66
-0.49 (-3.23 %)
(As of 02/26/2020 02:41 AM ET)
Today's Range
$14.51
Now: $14.66
$15.25
50-Day Range
$14.66
MA: $15.37
$15.84
52-Week Range
$13.88
Now: $14.66
$18.38
Volume1.23 million shs
Average Volume750,484 shs
Market Capitalization$1.93 billion
P/E Ratio244.33
Dividend Yield6.60%
Beta1.22
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. Read More…

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$1.48 per share
Book Value$3.72 per share

Profitability

Net Income$10 million

Miscellaneous

Employees4,000
Market Cap$1.93 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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Covanta (NYSE:CVA) Frequently Asked Questions

What is Covanta's stock symbol?

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

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

Covanta announced a quarterly dividend on Thursday, December 12th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.25 per share on Friday, January 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date is Thursday, December 26th. View Covanta's Dividend History.

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 consensus estimate of $0.07 by $0.02. The energy company earned $485 million during the quarter, compared to analyst estimates of $480.43 million. Covanta had a return on equity of 2.41% and a net margin of 0.53%. Covanta's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 EPS. View Covanta's Earnings History.

When is Covanta's next earnings date?

Covanta is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Covanta.

What price target have analysts set for CVA?

6 analysts have issued twelve-month price targets for Covanta's stock. Their forecasts range from $16.00 to $19.00. On average, they anticipate Covanta's share price to reach $17.00 in the next year. This suggests a possible upside of 16.0% from the stock's current price. View Analyst Price Targets for Covanta.

What is the consensus analysts' recommendation for Covanta?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covanta in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Covanta.

Has Covanta been receiving favorable news coverage?

Media coverage about CVA stock has been trending extremely positive recently, InfoTrie reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Covanta earned a media sentiment score of 5.0 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 effect on the company's share price in the next several days. View News Stories for Covanta.

Are investors shorting Covanta?

Covanta saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,400,000 shares, an increase of 42.9% from the December 31st total of 2,380,000 shares. Based on an average trading volume of 956,400 shares, the days-to-cover ratio is presently 3.6 days. Currently, 2.6% of the shares of the company 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), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), Intel (INTC), General Electric (GE), Kinder Morgan (KMI), AGNC Investment (AGNC), Cisco Systems (CSCO) and AbbVie (ABBV).

Who are Covanta's key executives?

Covanta's management team includes the folowing 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)

Who are Covanta's major shareholders?

Covanta's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Bank of New York Mellon Corp (3.53%), State Street Corp (1.96%), Levin Capital Strategies L.P. (1.79%), GW&K Investment Management LLC (1.56%), Ceredex Value Advisors LLC (1.36%) and Renaissance Technologies LLC (1.29%). Company insiders that own Covanta stock include Castro Michael Joseph De, Linda J Fisher, Matthew Mulcahy, Paul E Stauder, Ronald J Broglio, Stephen J Jones 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 Raymond James & Associates, Bank of New York Mellon Corp, Russell Investments Group Ltd., Jupiter Asset Management Ltd., Bessemer Group Inc., Alliancebernstein L.P., Goldman Sachs Group Inc. and GW&K Investment Management LLC. Company insiders that have sold Covanta company stock in the last year include Castro Michael Joseph De, Linda J Fisher, Paul E Stauder, Ronald J Broglio and Timothy Simpson. View Insider Buying and Selling for Covanta.

Which institutional investors are buying Covanta stock?

CVA stock was bought by a variety of institutional investors in the last quarter, including FIL Ltd, Man Group plc, Renaissance Technologies LLC, Amundi Pioneer Asset Management Inc., Bank of Montreal Can, Peregrine Capital Management LLC, Ontario Teachers Pension Plan Board and Epiq Partners LLC. Company insiders that have bought Covanta stock in the last two years include Castro Michael Joseph De and Stephen J Jones. View Insider Buying and Selling 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 $14.66.

How big of a company is Covanta?

Covanta has a market capitalization of $1.93 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.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]


MarketBeat Community Rating for Covanta (NYSE CVA)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  408 (Vote Outperform)
Underperform Votes:  417 (Vote Underperform)
Total Votes:  825
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.
This page was last updated on 2/26/2020 by MarketBeat.com Staff

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