Covanta Holding Corporation (NYSE:CVA) Updates On Dividend Release Date


On 2016-05-06, Covanta Holding Corporation (NYSE:CVA) confirmed the dividend disbursement of $0.25 a share to shareholders as on record 2016-06-27. The firm will release dividend on 2016-07-06 while ex-dividend date is reported to be 2016-06-23.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Covanta Holding Corporation (NYSE:CVA) paid a total of $0.25 per share in dividends. This figure stood at $0.25 a share in the same period a year ago indicating a deviation of 16.2791%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $18.375 on the stock. This figure is the average of recommendations offered by 8 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $21 and $16, respectively.

Taking the mathematical rating formula, the price for Covanta Holding Corporation (NYSE:CVA) stands at 1.5. Earnings Review Covanta Holding Corporation (NYSE:CVA) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-25. For the period ending on 2016-09-30, experts are expecting EPS of $0.14.

Coming to the quarter ending on 2015-12-31, Covanta Holding Corporation (NYSE:CVA) recorded EPS of $-0.22. The reported numbers came lower than the analysts’ estimates of $-0.05, demonstrating a miss of $-0.17 as against reported figures.

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