Advanced Emissions Solutions (NASDAQ:ADES) issued its quarterly earnings data on Monday. The industrial products company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.30), Bloomberg Earnings reports. Advanced Emissions Solutions had a net margin of 107.16% and a return on equity of 50.52%. The company had revenue of $15.58 million during the quarter, compared to the consensus estimate of $21.26 million.
ADES traded down $0.18 during midday trading on Tuesday, reaching $12.15. The company’s stock had a trading volume of 4,662 shares, compared to its average volume of 104,271. The stock has a market capitalization of $236.60 million, a PE ratio of 6.86 and a beta of 1.14. The firm has a fifty day simple moving average of $12.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 1.41. Advanced Emissions Solutions has a twelve month low of $9.01 and a twelve month high of $13.52.
A number of research firms have issued reports on ADES. Zacks Investment Research raised Advanced Emissions Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. ValuEngine raised Advanced Emissions Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADES. LSV Asset Management grew its holdings in Advanced Emissions Solutions by 35.2% in the 1st quarter. LSV Asset Management now owns 268,233 shares of the industrial products company’s stock valued at $3,100,000 after buying an additional 69,806 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of Advanced Emissions Solutions during the 2nd quarter worth approximately $736,000. Spark Investment Management LLC acquired a new stake in shares of Advanced Emissions Solutions during the 1st quarter worth approximately $407,000. Nisa Investment Advisors LLC grew its holdings in shares of Advanced Emissions Solutions by 5,100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,200 shares of the industrial products company’s stock worth $394,000 after purchasing an additional 30,600 shares in the last quarter. Finally, Dfpg Investments Inc. acquired a new stake in shares of Advanced Emissions Solutions during the 2nd quarter worth approximately $337,000. 73.56% of the stock is currently owned by hedge funds and other institutional investors.
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.
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