Advanced Emissions Solutions, Inc. (ADES) Releases Quarterly Earnings Results

Advanced Emissions Solutions, Inc. (NASDAQ:ADES) issued its earnings results on Monday. The industrial products company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.11. The firm had revenue of $7.39 million for the quarter, compared to analyst estimates of $12.40 million. Advanced Emissions Solutions had a negative return on equity of 135.75% and a net margin of 31.45%.

Shares of Advanced Emissions Solutions (NASDAQ:ADES) traded up 0.74% during midday trading on Friday, reaching $9.59. 22,342 shares of the company were exchanged. The company has a market capitalization of $211.67 million, a PE ratio of 2.12 and a beta of 2.39. Advanced Emissions Solutions has a 52-week low of $6.21 and a 52-week high of $12.25. The stock’s 50-day moving average price is $9.31 and its 200-day moving average price is $9.64.

Earnings History for Advanced Emissions Solutions (NASDAQ:ADES)

A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Advanced Emissions Solutions from a “hold” rating to a “sell” rating in a research note on Monday, April 10th. TheStreet upgraded shares of Advanced Emissions Solutions from a “d-” rating to a “b-” rating in a research note on Friday, April 7th. Finally, Rodman & Renshaw started coverage on shares of Advanced Emissions Solutions in a research report on Monday, February 6th. They issued a “buy” rating and a $18.00 price target for the company.

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A number of hedge funds have recently modified their holdings of ADES. Coliseum Capital Management LLC bought a new stake in shares of Advanced Emissions Solutions during the third quarter worth about $15,787,000. Alta Fundamental Advisers LLC acquired a new stake in Advanced Emissions Solutions during the third quarter valued at $6,490,000. BlackRock Advisors LLC acquired a new stake in Advanced Emissions Solutions during the third quarter valued at $4,063,000. James Investment Research Inc. acquired a new stake in Advanced Emissions Solutions during the first quarter valued at $2,279,000. Finally, Apollo Management Holdings L.P. boosted its stake in Advanced Emissions Solutions by 397.3% in the first quarter. Apollo Management Holdings L.P. now owns 250,000 shares of the industrial products company’s stock valued at $2,385,000 after buying an additional 199,730 shares during the last quarter. 59.13% of the stock is currently owned by institutional investors and hedge funds.

About Advanced Emissions Solutions

ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.

5 Day Chart for NASDAQ:ADES

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