Covanta Holding Corp (NASDAQ: CVA) Share Analyzed

Covanta Logo (PRNewsFoto/Covanta)

Covanta Holding Corp day trading at USD 9.21 per share, then rallying to 9.66 and closing at USD 8.97 per share. A net loss of -2.61% for the day. Long term pricing analysis shows the stock trading at 47.44% lower than it’s 52week high and -36.52% higher than the 52week low. The share volume traded for the day was 1,921K which was 1 times the 50 Day Average Volume.

Covanta Holding Corp had a market cap of 1,183,623K as of 11th June 2020. The Earnings Per Share (EPS) for Q4 2019 is $-0.21.

Covanta Holding Corp is a public company headquartered in Morristown, New Jersey. It provides energy-from-waste and industrial waste management services. Most of its revenue comes from operating power plants that burn trash as fuel.

Financial Results

Covanta Holding Corp Reports First Quarter Of Fiscal 2020.

  • Strong Q1 results, Adjusted EBITDA and Free Cash Flow up $13 million year-over-year
  • Tip fee prices up 5% on a same-store basis and profiled waste revenue up 18%
  • Business operating well, providing essential service with limited disruption
  • Executing robust response to COVID-19, including proactive cost reduction program

Covanta Holding Corp (11th June 2020): The Institutional Ownership as of today stood at 75.70% and the Total Value of Holdings (millions) is $ 977.

New Institutional Holders and other activity – As of today, the total number of shares held is 99,891,969 by 298 institutional holders.

LATEST NEWS:

11-June-2020:- Vident Investment Advisory LLC Invests $87,000 in Covanta Holding Corp (NYSE: CVA)

Vident Investment Advisory LLC acquired a new position in Covanta Holding Corp (NYSE: CVA) during the first quarter, Holdings Channel reports. The firm acquired 10,130 shares of the energy company’s stock, valued at approximately $87,000. Several other institutional investors and hedge funds have also recently bought and sold shares of the company.

10-June-2020:-: Covanta Holding Corp (NYSE: CVA) Expected to Announce Quarterly Sales of $449.93 Million

Analysts expect Covanta Holding Corp (NYSE: CVA) to post $449.93 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Covanta’s earnings. The lowest sales estimate is $437.80 million and the highest is $457.00 million.

15-May-2020:- Keebeck Alpha LP Makes New Investment in Covanta Holding Corp (NYSE: CVA) – Modern Readers

Keebeck Alpha LP bought a new stake in shares of Covanta Holding Corp (NYSE: CVA) during the first quarter, Holdings Channel reports. The fund bought 11,099 shares of the energy company’s stock, valued at approximately $95,000. Other large investors have also bought and sold shares of the company.

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