9.00 -0.01 (-0.11%)
After hours: 4:25PM EDT
Commodity Channel Index
|Bid||8.96 x 1800|
|Ask||8.97 x 3000|
|Day's Range||8.81 - 9.18|
|52 Week Range||6.57 - 18.38|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 23, 2020 - Jul 27, 2020|
|Forward Dividend & Yield||0.32 (3.46%)|
|Ex-Dividend Date||Jun 25, 2020|
|1y Target Est||9.14|
Covanta Holding Corporation (NYSE: CVA) ("Covanta" or the "Company"), a world leader in sustainable waste management and renewable energy, is scheduled to participate in the following virtual institutional investor conferences in June:
Covanta Holding Corporation (NYSE: CVA) ("Covanta") today announced that the Board of Directors has declared a quarterly cash dividend of $0.08 per share, payable on July 10, 2020 to stockholders of record as of the close of business on June 26, 2020.
An archived webcast will be available two hours after the end of the conference call, and can be accessed through the Investor Relations section of the Covanta website at www.covanta.com. At this time, for opening remarks and introductions, I'd like to turn the conference call over to Dan Mannes, Covanta's Vice President of Investor Relations. Joining me on the call today will be Steve Jones, our President and CEO; and Brad Helgeson, our CFO.
Covanta Holding Corporation (NYSE: CVA) ("Covanta" or the "Company"), a world leader in sustainable waste and energy solutions, reported financial results today for the three months ended March 31, 2020.
Covanta (CVA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Covanta Holding Corporation (NYSE: CVA) ("Covanta" or the "Company") will host a conference call at 8:30 AM (Eastern) on Friday, May 8, 2020 to discuss its first quarter results.
Covanta Holding Corporation (NYSE: CVA) ("Covanta" or the "Company") will hold its 2020 Annual Meeting of Stockholders (the "2020 Annual Meeting") in a virtual-only format due to continued public health concerns related to coronavirus (COVID-19). We believe this is in the best interests of the health and well-being of our stockholders and other meeting participants.
Covanta Holdings (CVA) decides to preserve liquidity amid coronavirus woes by lowering dividend rate and cutting down avoidable expenditures.
Covanta (CVA) has cut its annualized dividend by 68% while announcing a number of cost reduction measures. Amid headwinds related to COVID-19, the waste management company also withdrew FY20 guidance.Beginning with the dividend expected to be declared in the second quarter, Covanta plans to lower the annualized payout to $0.32 per share from $1 per share previously.According to Covanta’s calculations, this move will increase cash retention for other uses by $90 million on an annual basis.“Regarding the dividend, the payout already exceeded 100% of the FY20 guidance midpoint before the crisis, and given the organic growth investment opportunities, a rebalancing of capital allocation has logic” commented Oppenheimer’s Noah Kaye following the update.However, the analyst added that he was surprised by the timing (almost a month before the next scheduled board meeting) and the magnitude of the cut.Covanta also revealed that all its waste-to-energy facilities remain in operation with minimal disruption. It is also initiating $15 to $30 million cost reduction program although according to the company’s statement it retains a “resilient balance sheet with no near-term maturities and ample liquidity.”“We note that 80% of waste tip fees and 90% of energy sales are contracted or hedged and that CVA has not drawn down its revolver, which would seem to imply a degree of business visibility at odds with the suspension of guidance” said Kaye.Nonetheless he remains bullish on the stock with a buy rating and no price target. Meanwhile TipRanks shows that the other analysts covering COVA prefer to remain on the sidelines, citing COVA’s large debt burden. (See Covanta’s stock analysis on TipRanks)Related News: Tesla Settles Zoox Lawsuit, Stock Now Rallied 70% YTD Co-Diagnostics Inks Covid-19 Test Agreement, YTD Gain Over 1000% The Race Continues for a COVID-19 Vaccine; 3 Healthcare Stocks to Watch More recent articles from Smarter Analyst: * O’Reilly Auto Reports Better-Than-Feared Q1 Earnings; Shares Up 3% * AT&T Releases Weak 1Q20 Results, But Ample Cash to Support Dividend * Beyond Meat Boosts Finances To Support Future Growth Initiatives * Immunomedics Jumps Almost 30% In After-Hours On FDA Approval
Covanta Holding Corporation (NYSE: CVA) (the "Company" or "Covanta") today provided the following business and capital allocation update in light of the current operating environment and economic uncertainty created by the COVID-19 pandemic.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Clearway Energy (CWEN) reports loss in the fourth quarter. It expects 2020 results to be driven by the acquisition of Carlsbad Energy Center completed in December 2019.
NEW YORK, NY / ACCESSWIRE / February 21, 2020 / Covanta Holding Corp. (NYSE:CVA) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on February 21, 2020 at ...