Casella Waste Systems, Inc. (NASDAQ:CWST) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.26 per share for the quarter.
Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Casella Waste Systems had a negative net margin of 10.01% and a negative return on equity of 60.26%. The company had revenue of $154.02 million during the quarter, compared to the consensus estimate of $149.88 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts expect Casella Waste Systems to post $0.60 EPS for the current fiscal year and $0.71 EPS for the next fiscal year.
Shares of Casella Waste Systems, Inc. (CWST) opened at 18.63 on Tuesday. The company’s market cap is $783.13 million. Casella Waste Systems, Inc. has a one year low of $10.65 and a one year high of $19.13. The stock’s 50 day moving average is $18.09 and its 200-day moving average is $16.36.
CWST has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 price objective on shares of Casella Waste Systems in a research note on Friday, July 28th. BidaskClub raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a research note on Friday, October 13th. Finally, Zacks Investment Research cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Casella Waste Systems has a consensus rating of “Hold” and an average target price of $16.83.
In other Casella Waste Systems news, Director Michael K. Burke sold 31,500 shares of Casella Waste Systems stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $17.93, for a total transaction of $564,795.00. Following the completion of the sale, the director now directly owns 116,514 shares in the company, valued at $2,089,096.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William P. Hulligan sold 20,000 shares of Casella Waste Systems stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $16.15, for a total transaction of $323,000.00. Following the sale, the director now owns 96,760 shares of the company’s stock, valued at $1,562,674. The disclosure for this sale can be found here. 11.50% of the stock is currently owned by insiders.
About Casella Waste Systems
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.
What are top analysts saying about Casella Waste Systems Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Casella Waste Systems Inc. and related companies.