Covanta (CVA) Stock Price, News & Analysis

Company Overview

Covanta Holding Corp. engages in the operation and ownership of infrastructure for the conversion of waste to energy, related waste transport and disposal, and other renewable energy production businesses. It operates large-scale energy-from-waste and renewable energy projects. The company was founded on April 16, 1992 and is headquartered in Morristown, NJ.

Key Stats

• Today's Range: $20.26 to $20.26
• 50-Day Range: $20.12 to $20.26
• 52-Week Range: $12.23 to $20.26
• Volume: N/A
• Average Volume: 1.27 million shs
• Market Capitalization: $2.69 billion
• P/E Ratio: 112.56
• Dividend Yield: 1.58%
• Price Target: N/A
• Consensus Rating: N/A

Covanta Stock Analysis - MarketRank™

Covanta scored higher than 47% of companies evaluated by MarketBeat, and ranked 174th out of 266 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Covanta.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 19.05%

Earnings Growth

Earnings for Covanta are expected to grow by 19.05% in the coming year, from $0.21 to $0.25 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Covanta is 112.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.95.

Price to Earnings Ratio vs. Sector

The P/E ratio of Covanta is 112.56, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.70.

Price to Book Value per Share Ratio

Covanta has a P/B Ratio of 8.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CVA.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Covanta pays a meaningful dividend of 1.58%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Covanta does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Covanta is 177.78%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Covanta will have a dividend payout ratio of 128.00% in the coming year. This indicates that Covanta may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -1.88

Short Interest

There is no current short interest data available for CVA.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

Search Interest

2 people have searched for CVA on MarketBeat in the last 30 days.

MarketBeat Follows

1 people have added Covanta to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Covanta insiders have not sold or bought any company stock.

Percentage Held by Insiders

10.90% of the stock of Covanta is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

89.76% of the stock of Covanta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CVA Stock Analysis - Frequently Asked Questions

How were Covanta's earnings last quarter?

Covanta Holding Co. (NYSE:CVA) issued its quarterly earnings data on Thursday, October, 28th. The energy company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The company's quarterly revenue was up 9.8% compared to the same quarter last year.

What other stocks do shareholders of Covanta own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Covanta investors own include NVIDIA (NVDA), AT&T (T), Ford Motor (F), Cisco Systems (CSCO), Micron Technology (MU), Enterprise Products Partners (EPD) and AbbVie (ABBV).

Company Calendar

• Last Earnings: 10/28/2021
• Today: 11/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Electric, Gas & Sanitary Services
• Sub-Industry: Environmental & Facilities Services
• Current Symbol: NYSE:CVA
• CUSIP: 22282E10
• CIK: 225648
• Web: www.covanta.com
• Phone: (862) 345-5000
• Fax: 973-882-7076
• Employees: 4,000
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.18
• Trailing P/E Ratio: 112.56
• Forward P/E Ratio: 96.48
• P/E Growth: N/A
• Net Income: $-28,000,000.00
• Net Margins: 1.23%
• Pretax Margin: 0.84%
• Return on Equity: 9.29%
• Return on Assets: 0.69%

Debt

• Debt-to-Equity Ratio: 10.97
• Current Ratio: 0.89
• Quick Ratio: 0.89

Sales & Book Value

• Annual Sales: $1.90 billion
• Price / Sales: 1.42
• Cash Flow: $1.52 per share
• Price / Cash Flow: 13.36
• Book Value: $2.35 per share
• Price / Book: 8.62

Miscellaneous

• Outstanding Shares: 133,009,000
• Free Float: 118,511,000
• Market Cap: $2.69 billion
• Optionable: Optionable
• Beta: 1.33