Covanta Stock Analysis

CVA -  USA Stock  

USD 16.95  0.20  1.17%

The current rise in Covanta Holding short term price appreciation could raise concerns from investors as the firm it trading at a share price of 16.95 on 1,804,900 in volume. The company directors and management have successfully maneuvered the firm at convenient times to take advantage of all market conditions in May. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.87. The current volatility is consistent with the ongoing market swings in May 2021 as well as with Covanta Holding unsystematic, company-specific events.
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The Covanta Holding stock analysis report makes it easy to digest most publicly released information about Covanta Holding and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Covanta stock analysis module also helps to analyze the Covanta Holding price relationship with some important fundamental indicators such as market cap and management efficiency.

Covanta Stock Analysis Notes

About 87.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings (P/E) ratio of 458.16. Covanta Holding Corp next dividend is scheduled to be issued on the 23rd of June 2021. The entity had 1:5 split on the July 23, 2012. Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and internationally. Covanta Holding Corporation was founded in 1986 and is headquartered in Morristown, New Jersey. Covanta Holding operates under Waste Management classification in the United States and is traded on New York Stock Exchange. It employs 4000 people. For more info on Covanta Holding Corp please contact Anthony Orlando at 862 345-5000 or go to www.covanta.com.

Covanta Holding Quarterly Cost of Revenue

394 MillionShare

Covanta Holding Corp Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Covanta Holding's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Covanta Holding Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Covanta Holding Corp was previously known as Diversified Healthcare Trust and was traded on NASDAQ Exchange under the symbol DHC.
Over 87.0% of the company shares are held by institutions such as insurance companies

Covanta Holding Corp Upcoming and Recent Events

Earnings reports are used by Covanta Holding to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Covanta Holding previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report29th of July 2021
Next Earnings Report4th of November 2021
Next Fiscal Quarter End30th of June 2021
Next Fiscal Year End17th of February 2022
Last Quarter Report31st of March 2021
Last Earning Announcement30th of June 2020

Covanta Largest EPS Surprises

Earnings surprises can significantly impact Covanta Holding's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2012-04-18
2012-03-31-0.08-0.09-0.0112 
1998-11-16
1998-09-300.030.040.0133 
1998-08-14
1998-06-300.030.02-0.0133 
View All Earnings Estimates

Covanta Holding SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Covanta Holding prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Covanta Holding investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Covanta Holding Corp specific information freely available to individual and institutional investors to make a timely investment decision.
13th of May 2021
Submission of Matters to a Vote of Security Holders
View
29th of April 2021
Regulation FD Disclosure. Results of Operations and Financial Condition
View
4th of March 2021
Other Events
View
18th of February 2021
Financial Statements and Exhibits. Regulation FD Disclosure. Results of Operations and Financial Condition
View
10th of February 2021
Unclassified Corporate Event
View
29th of January 2021
Unclassified Corporate Event
View
28th of January 2021
Unclassified Corporate Event
View
3rd of December 2020
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View

Covanta Holding Thematic Classifications

In addition to having Covanta Holding stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Alternative Energy IdeaAlternative Energy
Companies, funds and ETFs that are involved in development and popularizing of alternative energy
Waste Management IdeaWaste Management
USA Equities from Waste Management industry as classified by Fama & French
Recycling IdeaRecycling
Waste management, pollution control, and recycling

Covanta Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Covanta Holding is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Covanta Holding Corp backward and forwards among themselves. Covanta Holding's institutional investor refers to the entity that pools money to purchase Covanta Holding's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Chai Trust Co LlcCommon Shares12.9 M179.5 M
Vanguard Group IncCommon Shares11.4 M157.4 M
Blackrock IncCommon Shares8.8 M121.5 M
Fuller Thaler Asset Management IncCommon Shares7.1 M98.5 M
Hg Vora Capital Management LlcCommon Shares4.8 M65.8 M
Bank Of New York Mellon CorpCommon Shares4.2 M58.2 M
Dimensional Fund Advisors LpCommon Shares3.3 M45.3 M
Note, although Covanta Holding's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Covanta Market Capitalization

The company currently falls under 'Mid-Cap' category with total capitalization of 2.32 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Covanta Holding's market, we take the total number of its shares issued and multiply it by Covanta Holding's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Covanta Profitablity

Covanta Holding's profitability indicators refer to fundamental financial ratios that showcase Covanta Holding's ability to generate income relative to its revenue or operating costs. If, let's say, Covanta Holding is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Covanta Holding's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Covanta Holding's profitability requires more research than a typical breakdown of Covanta Holding's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.31 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 16.13 %, which entails that for every 100 dollars of revenue, it generated 0.16 of operating income.
Last ReportedProjected for 2021
Return on Investment 2.40  2.47 
Return on Average Assets(0.008) (0.008211) 
Return on Average Equity(0.1) (0.1) 
Return on Invested Capital 0.017  0.0203 
Return on Sales 0.046  0.06 

Management Efficiency

The entity has Return on Asset of 1.52 % which means that on every $100 spent on asset, it made $1.52 of profit. This is way below average. In the same way, it shows return on shareholders equity (ROE) of 2.02 %, implying that it generated $2.02 on every 100 dollars invested. Covanta Holding management efficiency ratios could be used to measure how well covanta holding corp manages its routine affairs as well as how well it operates its assets and liabilities. Covanta Holding Return on Investment is projected to drop slightly based on the last few years of reporting. The past year's Return on Investment was at 2.40. The current year Return on Invested Capital is expected to grow to 0.0203, whereas Return on Average Assets are forecasted to decline to (0.008211) . Covanta Holding Total Assets are projected to decrease significantly based on the last few years of reporting. The past year's Total Assets were at 3.71 Billion. The current year Current Assets is expected to grow to about 524.9 M, whereas Assets Non Current are forecasted to decline to about 3.2 B.
Last ReportedProjected for 2021
Book Value per Share 2.35  3.40 
Enterprise Value over EBIT 49.00  65.00 
Enterprise Value over EBITDA 13.70  13.36 
Price to Book Value 5.59  5.04 
Tangible Assets Book Value per Share 23.99  23.94 
Enterprise Value4.3 B4.4 B
Tangible Asset Value3.2 B3.2 B

Technical Drivers

As of the 19th of June, Covanta Holding shows the Mean Deviation of 1.53, risk adjusted performance of 0.0657, and Downside Deviation of 1.69. Covanta Holding Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Covanta Holding Corp, which can be compared to its rivals. Please confirm Covanta Holding Corp maximum drawdown, as well as the relationship between the downside variance and skewness to decide if Covanta Holding Corp is priced correctly, providing market reflects its regular price of 16.95 per share. Given that Covanta Holding has jensen alpha of 0.2266, we suggest you to validate Covanta Holding Corp's prevailing market performance to make sure the company can sustain itself at a future point.

Covanta Holding Corp Price Movement Analysis

The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Mid-point over period is an average of Covanta Holding Corp highest and lowest values attained during the given period. View also all equity analysis or get more info about midpoint over period overlap studies indicator.

Covanta Holding Corp Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Covanta Holding insiders, such as employees or executives, is commonly permitted as long as it does not rely on Covanta Holding's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Covanta Holding insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Linda Fisher 2 days ago via Macroaxis 
Acquisition by Linda Fisher of 1212 shares of Covanta Holding subject to Rule 16b-3
Danielle Pletka over a month ago via Macroaxis 
Acquisition by Danielle Pletka of 7373 shares of Covanta Holding subject to Rule 16b-3
Owen Michaelson over a month ago via Macroaxis 
Acquisition by Owen Michaelson of 74268 shares of Covanta Holding subject to Rule 16b-3
Joseph Holsten over a month ago via Macroaxis 
Exercise or conversion by Joseph Holsten of 6236 shares of Covanta Holding subject to Rule 16b-3
Kenyon Thomas L over three months ago via Macroaxis 
Payment of 3110 shares by Kenyon Thomas L of Covanta Holding subject to Rule 16b-3
Linda Fisher over three months ago via Macroaxis 
Acquisition by Linda Fisher of 1424 shares of Covanta Holding subject to Rule 16b-3
Virginia Angilello over three months ago via Macroaxis 
Payment of 1340 shares by Virginia Angilello of Covanta Holding subject to Rule 16b-3
Joseph Schantz over three months ago via Macroaxis 
Acquisition by Joseph Schantz of 10722 shares of Covanta Holding subject to Rule 16b-3
Kenyon Thomas L over three months ago via Macroaxis 
Acquisition by Kenyon Thomas L of 17156 shares of Covanta Holding subject to Rule 16b-3
Paul Stauder over three months ago via Macroaxis 
Acquisition by Paul Stauder of 8848 shares of Covanta Holding subject to Rule 16b-3
David Barse over six months ago via Macroaxis 
Acquisition by David Barse of 1805 shares of Covanta Holding subject to Rule 16b-3
Kenyon Thomas L over six months ago via Macroaxis 
Acquisition by Kenyon Thomas L of 50000 shares of Covanta Holding subject to Rule 16b-3

Covanta Holding Outstanding Bonds

Covanta Holding issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Covanta Holding Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Covanta bonds can be classified according to their maturity, which is the date when Covanta Holding Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Covanta Holding Predictive Daily Indicators

Covanta Holding intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Covanta Holding stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Covanta Holding Forecast Models

Covanta Holding time-series forecasting models is one of many Covanta Holding's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Covanta Holding's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Covanta Holding Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Covanta Holding stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Covanta shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Covanta Holding. By using and applying Covanta Stock analysis, traders can create a robust methodology for identifying Covanta entry and exit points for their positions.
Last ReportedProjected for 2021
Operating Margin 3.62  3.72 
EBITDA Margin 0.16  0.18 
Gross Margin 0.23  0.24 
Profit Margin(0.015) (0.0154) 
Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and internationally. Covanta Holding Corporation was founded in 1986 and is headquartered in Morristown, New Jersey. Covanta Holding operates under Waste Management classification in the United States and is traded on New York Stock Exchange. It employs 4000 people.

Current Covanta Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Covanta analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Covanta analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
16.0Buy4Odds
Covanta Holding Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Covanta analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Covanta stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Covanta Holding Corp, talking to its executives and customers, or listening to Covanta conference calls.
Covanta Analyst Advice Details

Covanta Stock Analysis Indicators

Covanta Holding Corp stock analysis indicators help investors evaluate how Covanta Holding stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Covanta Holding shares will generate the highest return on investment. By understating and applying Covanta Holding stock analysis, traders can identify Covanta Holding position entry and exit signals to maximize returns.
Quick Ratio0.77
Trailing Annual Dividend Rate0.32
Fifty Two Week Low7.44
Revenue Growth6.40%
Payout Ratio800.00%
Average Daily Volume Last 10 Day1.58M
Shares Short Prior Month2.75M
Average Daily Volume In Three Month869.04k
Shares Percent Shares Out2.14%
Gross Margins25.18%
Forward Price Earnings72.54
Short Percent Of Float2.39%
Float Shares117.74M
Fifty Two Week High17.76
Fifty Day Average15.23
Enterprise Value To Ebitda15.66
Two Hundred Day Average14.23
Enterprise Value To Revenue2.53
Trailing Annual Dividend Yield1.82%
Continue to Trending Equities. Note that the Covanta Holding Corp information on this page should be used as a complementary analysis to other Covanta Holding's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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When running Covanta Holding Corp price analysis, check to measure Covanta Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Covanta Holding is operating at the current time. Most of Covanta Holding's value examination focuses on studying past and present price action to predict the probability of Covanta Holding's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Covanta Holding's price. Additionally, you may evaluate how the addition of Covanta Holding to your portfolios can decrease your overall portfolio volatility.
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The market value of Covanta Holding Corp is measured differently than its book value, which is the value of Covanta that is recorded on the company's balance sheet. Investors also form their own opinion of Covanta Holding's value that differs from its market value or its book value, called intrinsic value, which is Covanta Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covanta Holding's market value can be influenced by many factors that don't directly affect Covanta Holding Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Covanta Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine Covanta Holding value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covanta Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.