Equities analysts expect Casella Waste Systems Inc. (NASDAQ:CWST) to announce $0.32 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Casella Waste Systems’ earnings. The highest EPS estimate is $0.33 and the lowest is $0.31. Casella Waste Systems reported earnings per share of $0.30 in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The company is scheduled to issue its next quarterly earnings results on Wednesday, November 7th.
According to Zacks, analysts expect that Casella Waste Systems will report full-year earnings of $0.71 per share for the current fiscal year, with EPS estimates ranging from $0.69 to $0.73. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.84 per share, with EPS estimates ranging from $0.73 to $0.98. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Casella Waste Systems.
Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, August 2nd. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Casella Waste Systems had a net margin of 4.79% and a negative return on equity of 63.60%. The company had revenue of $165.65 million during the quarter, compared to analysts’ expectations of $158.95 million. During the same period in the previous year, the company posted $0.25 EPS. Casella Waste Systems’s quarterly revenue was up 7.6% compared to the same quarter last year.
A number of research firms recently issued reports on CWST. BidaskClub lowered Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Zacks Investment Research raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Tuesday, September 18th. ValuEngine raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 11th. Raymond James increased their price target on Casella Waste Systems from $33.00 to $35.00 and gave the stock a “strong-buy” rating in a research note on Friday, September 7th. Finally, Stifel Nicolaus lowered Casella Waste Systems from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Monday, August 6th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.50.
CWST stock traded up $0.35 on Monday, reaching $28.94. The company had a trading volume of 229,519 shares, compared to its average volume of 212,833. Casella Waste Systems has a 1 year low of $17.52 and a 1 year high of $33.94. The company has a debt-to-equity ratio of -14.47, a quick ratio of 0.94 and a current ratio of 1.01. The firm has a market cap of $1.33 billion, a P/E ratio of 43.19 and a beta of 1.00.
In other Casella Waste Systems news, COO Edwin D. Johnson sold 20,000 shares of the stock in a transaction on Friday, September 7th. The stock was sold at an average price of $31.20, for a total transaction of $624,000.00. Following the transaction, the chief operating officer now owns 345,317 shares of the company’s stock, valued at approximately $10,773,890.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William P. Hulligan sold 10,000 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $28.85, for a total value of $288,500.00. Following the transaction, the director now directly owns 69,484 shares in the company, valued at approximately $2,004,613.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,845 shares of company stock worth $1,999,113. Corporate insiders own 10.64% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Casella Waste Systems during the 2nd quarter worth $118,000. Integrated Investment Consultants LLC acquired a new stake in shares of Casella Waste Systems during the 2nd quarter worth $135,000. SG Americas Securities LLC acquired a new stake in shares of Casella Waste Systems during the 1st quarter worth $142,000. Sawtooth Solutions LLC acquired a new stake in shares of Casella Waste Systems during the 2nd quarter worth $212,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Casella Waste Systems by 328.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 8,921 shares of the industrial products company’s stock worth $228,000 after buying an additional 6,839 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.
Casella Waste Systems Company Profile
Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically-integrated solid waste services company in the northeastern United States. The company operates through Eastern Region, Western Region, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.
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