Progressive Waste Solutions Ltd (USA) (BIN) Releases Earnings Results, Beats Expectations By $0.05 EPS

Progressive Waste Solutions Ltd (USA) (BIN) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.20. The company posted revenue of $471.40 million in the period, compared to analysts expectations of $459.16 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Progressive Waste Solutions Ltd (USA). Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .Progressive Waste Solutions Ltd (USA) was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Apr 15, 2016. Progressive Waste Solutions Ltd (USA) was Upgraded by Credit Suisse to ” Neutral” on Feb 25, 2016.

Progressive Waste Solutions Ltd (USA) opened for trading at $30.76 and hit $31.05 on the upside on Friday, eventually ending the session at $31.01, with a gain of 0.88% or 0.27 points. The heightened volatility saw the trading volume jump to 5,22,059 shares. Company has a market cap of $3,389 M.

Progressive Waste Solutions Ltd. is a waste management company. The Company provides non-hazardous solid waste collection recycling and disposal services to commercial industrial municipal and residential customers in approximately 13 United States and the District of Columbia and six Canadian provinces. The Company conducts its business through three geographic regions: the East West and North regions. The Company’s East region includes Florida New York New Jersey Pennsylvania Maryland Virginia and the District of Columbia. The West region includes Texas Louisiana Oklahoma Arkansas Mississippi Missouri and Illinois. The North region includes the Canadian provinces of British Columbia Alberta Manitoba Saskatchewan Ontario and Quebec.

Progressive Waste Solutions Ltd (USA)

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