Advanced Emissions Solutions (NASDAQ:ADES) posted its earnings results on Wednesday. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.29), Fidelity Earnings reports. Advanced Emissions Solutions had a net margin of 255.65% and a return on equity of 53.48%. The business had revenue of $5.15 million during the quarter, compared to analysts’ expectations of $4.94 million.
ADES stock opened at $10.07 on Friday. Advanced Emissions Solutions has a fifty-two week low of $7.00 and a fifty-two week high of $12.37. The firm has a market capitalization of $204.54 million, a P/E ratio of 6.46 and a beta of 1.83.
A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Advanced Emissions Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research lowered shares of Advanced Emissions Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, HC Wainwright reissued a “buy” rating and issued a $18.00 target price on shares of Advanced Emissions Solutions in a report on Wednesday, August 8th.
Advanced Emissions Solutions Company Profile
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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