Covanta (NYSE:CVA) Receiving Somewhat Positive Press Coverage, Report Shows

News headlines about Covanta (NYSE:CVA) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Covanta earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 46.9618919848543 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern’s rankings:

NYSE:CVA traded up $0.15 on Thursday, reaching $14.50. 694,566 shares of the company’s stock traded hands, compared to its average volume of 904,804. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 5.83. The stock has a market cap of $1,899.39, a PE ratio of 33.72, a P/E/G ratio of 17.58 and a beta of 0.71. Covanta has a 12 month low of $13.00 and a 12 month high of $17.30.

Covanta (NYSE:CVA) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.11). The business had revenue of $495.00 million for the quarter, compared to the consensus estimate of $462.71 million. Covanta had a net margin of 3.25% and a negative return on equity of 13.02%. Covanta’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. sell-side analysts anticipate that Covanta will post 0.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.90%. Covanta’s payout ratio is 232.56%.

Several analysts have commented on the company. UBS started coverage on Covanta in a research note on Wednesday, March 14th. They set a “neutral” rating and a $15.00 target price on the stock. ValuEngine raised Covanta from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Zacks Investment Research raised Covanta from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Oppenheimer reaffirmed a “buy” rating and issued a $19.00 target price on shares of Covanta in a report on Tuesday, December 19th. Finally, Goldman Sachs raised Covanta from a “sell” rating to a “neutral” rating and set a $16.00 target price on the stock in a report on Sunday, January 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Covanta has an average rating of “Hold” and a consensus target price of $17.25.

In other news, insider Paul E. Stauder sold 3,000 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $14.90, for a total transaction of $44,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.60% of the company’s stock.

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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 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.

Insider Buying and Selling by Quarter for Covanta (NYSE:CVA)

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